Those ridiculous ebay prices

[Steve Harrison]

At 01:00 AM 2000-03-10 -0800, Malcolm Leonard wrote:
>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.

This is a flat out distortion of the truth. The final bid is the price that
ONE buyer is willing to offer that is higher than all other bidders can
afford. It is NOT the price at which the item will sell in an open
marketplace since an auction IS NOT AN OPEN MARKETPLACE.

Let's not be fooling ourselves here and let's drop any further discussion
of this travesty.

73, Steve K0XP

Sponsored by the City of Tempe 

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