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Subject: Re: On Auctions

Author: Martin Slowik

Date: 15:01:29 04/11/05

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Hi Steve,

On April 11, 2005 at 17:42:43, Steve B wrote:

>Ebay is not the only place Collector's will engage in bidding
>
>in fact,from my personal experience, the truely rare computers,are offered in
>Private auctions
>
>this is where a dealer of honorable  reputation or a collector of the same high
>level of respect will notify other collectors privetly that a computer is being
>offered
>generally, photos of the computer are sent and then the terms of the auction are
>described I.E.the date the last bid will be taken and the current bid price
>
>sometimes the bids are "Blind"OR "Closed" meaning you place your max bid and
>receive no updates until the auction is over
>sometimes the seller will send updates in via  email to mention the current
>leading bid price(but never the name of the lead bidder)
>
>when the auction concluded all those involved are notified of the winnig bid
>price and of the name of the winner(if the winner agrees beforehand)
>
>its a different expierence then Ebay where everything is totally open and
>public(except when the auction is with the names of the bidders hidden)
>
>
>obviously everyone involved must trust the seller and the seller must trust
>those he offers the computer to
>
>Steve

you're right on this one but there is also another point to consider. In such a
closed environment of collectors bidding via email, the seller always gets the
highest bid -- at eBay he only gets the second bid plus increment. Particularly
for very rare computers this can make a considerable difference. On the other
hand 1) the number of bidders is not large and 2) psychological play like often
seen at eBay is not possible which is certainly good for inexperienced bidders.

Auction Regards,
Martin



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