Subject:
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Re: When is "Not an Auction" really an auction?
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 8 Dec 1999 13:06:43 GMT
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Viewed:
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258 times
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Bryan Wong wrote:
> I don't think you were over reacting. I'd be pretty pissed if that happened
> to me too. Let's say I was selling something for $100 (not auctioning) and
> you agreed to pay me that amount. Then someone else offers me $150. It would
> be very unfair of me to take that new offer, since it's a straight sale and
> you were the first to contact me!
First, I'd like to say that I'm in agreement with everyone else, that's
an invalid way to conduct business. The note in response was dead on.
In the scenario that Bryan writes above, if I were the seller, I would
offer to buy it back from the first bidder for $110. If he accepted,
I'd send him off $10 and we'd be even. Then I'd sell it for $150.
There are honerable ways around this kind of problem.
(a different) Chris
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Message is in Reply To:
 | | Re: When is "Not an Auction" really an auction?
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| (...) I don't think you were over reacting. I'd be pretty pissed if that happened to me too. Let's say I was selling something for $100 (not auctioning) and you agreed to pay me that amount. Then someone else offers me $150. It would be very unfair (...) (25 years ago, 2-Dec-99, to lugnet.market.theory)
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