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The Chip Board Archive 02

Re: More critical thinking, please ...

Hi Jim,

After reading (and digesting <g>) most of these posts, I'd have to say that the scenario re the $20 item with and without a reserve serves the same purpose EXCEPT, as someone stated earlier, the EXPECTATION of the auction result is different. An example was given before but I'll state it again using your price.

If item A has a reserve ($20) then bidder A can ONLY expect item A to sell once the reserve ($20) is met. Outside of wasting a lot of time (which is why I like minimums rather than reserves), bidder A's expectation of the auction outcome is open and NO deceptive practice is being used (notice I said deceptive, not illegal). With no reserve and use of shill B, bidder A can expect item A to sell for lets say $1 IF no other LEGITIMATE bidder is interested in item A. It CAN happen!! In reality, this is a FALSE expectation since a shill will be used to bit-it-up to what the seller actually wants item A to sell for. See the difference!

I'm not advocating that sellers allow $20 items to sell for $1 but let's let an auction be an auction! Drop the deceptive shills, eliminate reserves and start the bidding at a reasonable level and move on! That's the risk of auctions and sellers have to realize that there IS risk in an auction. That's why we have SALES........

Steve

Messages In This Thread

Shill Bidding ... some critical thinking ...
Re: Shill Bidding ... some critical thinking ...
Who said anything about eBay ...
J.E. -Slow down and RETHINK about what you wrote!
Re: J.E. -Slow down and RETHINK about what you wro
Jim E. - Thanks for followup posting....
Re: Shill Bidding ... some critical thinking ...
Well, I succeeded at one thing ...
Re: Well, I succeeded at one thing ...
Moving in the right direction ...
Shill bidding should be prohibited ...
Getting there Larry ...
Re: Moving in the right direction ...
Re: Moving in the right direction ...Steve
Re: Well, I succeeded at one thing ...
I'm not trying to "justify" anything ...
Re: I'm not trying to "justify" anything
See THE POINT ...
More critical thinking, please ...
Re: More critical thinking, please ...
Good rules and Confucius is ...
Re:shill or reserve
I have never sold a thing on eBay ...
My momma tried to teach me ...
shill or reserve
Re: My momma tried to teach me ...Suzie Seller
Are you a lawyer in secret ...
I think I've just been insulted!
No insult, Larry, just trying to ...
Re: More critical thinking, please ...
Re: More critical thinking,ETHICS
Oh, Jack, have you ever asked ...
You have done the same thing ...
Re: More critical thinking, please ...
Expectation or ...
Re: Shill Bidding ... some critical thinking ...
Rich, EXCELLENT reply!! (EOM)
Why ...
Re: I give up...
Don't give up yet, Rich ...
Re: I give up...
Re: I give up...
This is the most fun I've had on the board ...
Re: Gene Again!!!!!!!
Nice and clearly stated opinion ...
The real costs and harm of shill bidding..
Thanks for a very thoughtful ...
Re: Thanks for a very thoughtful ...
Some additional thoughts ...

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