Those ridiculous ebay prices

[Malcolm Leonard]

While Heath items on ebay admittedly  sometimes do
sell for prices that seem ridiculously high,such
prices,by the very fact of the auction process truly
represent how much a buyer is willing to pay,and
therefore,by natural extension....the "value" of the
item.  This is simply an example of a free market
economy in action.

Of course,no commodity has any value other than that
assigned to it by the individual willing to pay the
price.If the minimum opening bid,as set by the seller
is not met before closing,then the seller has
overvalued the item in relation to the market.
On the other hand,if the seller's minimnum asking
price is met or exceeded then the item *is* worth
whatever it brings in..at least to the person who bid
on it...and **it is this person...this bidder**..who
through the bidding process **creates** the value of
the item in question.

Sellers sell for the same reason most of us get up in
the morning and drive to work...they need the money.

I love electronic devices as much as the rest of
you,but in a capitalistic,free market economy,there
are no sacred cows;no items up for grabs,yet at the
same time somehow free of the "taint" of
commercialism.

I have,on a number of occasions,put items up for
auction at very reasonable opening bids only to see
the bids(and therefore the "value" )of my item rocket
into the stratosphere.An example here,is a book I
purchased for a dollar,put up at auction for two
dollars and seven days later it closed out at**twenty
five** times my purchase cost.This happens all the
time on my auctions,so it must be happening to other
ebay sellers as well.
Malcolm Leonard

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