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Subject: 
Re: When is "Not an Auction" really an auction?
Newsgroups: 
lugnet.market.theory
Date: 
Wed, 1 Dec 1999 23:30:39 GMT
Viewed: 
310 times
  
Larry Pieniazek <lar@voyager.net> wrote:
I'm with you. These are auctions. However, the powers that be have
already ruled that single round sealed bid auctions are OK for b-s-t.

Really?  That's weird - Todd's a really smart guy.  How could he be
dead wrong on this issue?


--
The parts you want and nothing else?
http://jaba.dtrh.com/ - Just Another Brick Auction
Why pay eBay? Run your own LEGO auctions for free!
http://www.guarded-inn.com/bricks/



Message has 2 Replies:
  Re: When is "Not an Auction" really an auction?
 
(...) He's not dead wrong, he's decided otherwise. For an insight into his logic, see: (URL) gives some of his points. I know he's made others, but I couldn't find them easily. As an aside, I agree with Larry and Derrick. SRSB auctions are not (...) (25 years ago, 1-Dec-99, to lugnet.market.theory)
  Re: When is "Not an Auction" really an auction?
 
(...) A sealed-bid auction is a *DEGENERATE CASE* of an auction. They're only known as "auctions" because some bozo once upon a time many years ago called them auctions. The spirit of an auction is to solicit bids and use those bids in turn to (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)

Message is in Reply To:
  Re: When is "Not an Auction" really an auction?
 
I'm with you. These are auctions. However, the powers that be have already ruled that single round sealed bid auctions are OK for b-s-t. Sorry, all my shrubbery is in use at the moment. (25 years ago, 1-Dec-99, to lugnet.market.theory)

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