 | | Re: When is "Not an Auction" really an auction?
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(...) When you see an OBO in the newspaper and you call someone up and make an offer, you don't know who you're competing against either. OBO's are "sealed bid auctions" too. They're the same thing. But they're actually not auctions in spirit. (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)
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| | Re: When is "Not an Auction" really an auction?
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(...) If you insist. :) But to me, an auction is anything where the final price is determined by 1 seller and multiple (potential) buyers. So, yes, OBO's and SB auctions are the same thing. Auctions. <grin, duck> The difference to me is as much one (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)
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| | Re: When is "Not an Auction" really an auction?
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(...) So ticket scalping in the back parket lot is an auction? Selling a 20-gallon aquarium at a garage sale is an auction? An stock market IPO is an auction? Those are all things where the final price is determined by 1 seller and multiple (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)
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