Those ridiculous ebay prices

[Bill Coleman AA4LR]

On 3/10/00 7:54 AM, Steve Harrison at ko0u at OS.COM wrote:

>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.

You're kidding.... Certainly the auction is an open marketplace. Anyone
can place a bid.

It's difficult to judge the value of an item based on the selling price
of a single unit. But to the seller, and the one buyer, the "average
value" is of little concern. So long as both the seller and buyer are
happy with the price, you have a market.



Bill Coleman, AA4LR, PP-ASEL        Mail: aa4lr at radio.org
Quote: "Boot, you transistorized tormentor! Boot!"
            -- Archibald Asparagus, VeggieTales

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