Subject:
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Re: which threads, ethics (was: Re: Mini Auction - 6273 - Rock Island Refuge)
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Fri, 5 Mar 1999 23:07:02 GMT
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Reply-To:
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lpien@iwantnospam.ctp.comSPAMCAKE
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Viewed:
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979 times
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Steve Scott wrote:
> I am a buyer and am interested in purchasing a BSB say...
> I post a message to the group thus:
>
> Wanted - unopened BSB willing to pay $450
> decrements in $25 units min
>
> Current offer $300 + 3 firing cannons (seller 4)
> > Previous offer $300 (seller 3)
> > > Previous offer $325 (seller 4)
> > > > Previous offer $350 (seller 3)
> > > > > Previous offer $400 (seller 2)
> > > > > > Previous offer $450 (seller 1)
>
> I'm sure you can see the point that I'm making - if the practice isn't
> discouraged, then where does it stop?
This is a specious argument as this is a real, actually used, and
extremely valid auction format. I've done it myself as a buyer. Just as
a seller's auction is good for scarce things, a buyer's auction is good
for plentiful things.
It is extremely valuable and useful. As you might recall, Todd ran one
of these for orange buckets. He wanted to buy some. At the time they
were plentiful. His sellers bid against each other for the lowest price
including shipping to Todd. When it seemed sellers would go no lower (or
when he hit a fixed end time, I forget which, but you can go dig it out
of market.auction yourself) the auction was over and Todd purchased a
bunch of buckets.
Now, he later sold those buckets back to us at a pretty healthy markup.
Good for him.
Please stop railing against the market, if you would.
--
Larry Pieniazek http://my.voyager.net/lar
Stop the FDIC from spying on us! Go to
http://www.defendyourprivacy.com and sign the petition.
For me: No voyager e-mail please. All snail-mail to Ada, please.
- Posting Binaries to RTL causes flamage... Don't do it, please.
- Stick to the facts when posting about others, please.
- This is a family newsgroup, thanks.
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