|MIGHT BE OK -- DUTCH AUCTION|
Message #3 Posted by NH on 3 Apr 2003, 2:17 p.m.,
in response to message #2 by Mike
Hello fellow comrades:
I did NOT study that auction terms, but it MIGHT be OK.
The thing is, eBay allows and defines what they call
a "DUTCH AUCTION".
This means he has got a whole bunch of units all the same.
You enter your bid (probably for 1, although you may
be able to state a quantity more than 1).
At the very end, the seller has a list of all the bids.
He sells them off to the highest bidders.
Again, a "DUTCH AUCTION".
I didn't say I like a Dutch auction. I only said that such terms are legitimate. I dont see why a seller would do it, but they do. One worry point is if he has a whole
bunch of units that are NOT QUITE THE SAME. Who gets
the best one, the one w/o the scratch, which one was
photographed then, etc etc etc .
I'm sure a Dutch auction is at its best on new-old-stock or other truly identical batches of items.