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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.47

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Dec 5 9:30 AM EST

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To: Randy Ellingson who wrote (3393)	6/7/1999 11:01:00 AM
From: The Antique	of 7772

Randy, In a no reserve auction, that get no bids, the seller does not pay commission. People don't use just a minimum bid because they want to show that other people are interested in the item. For example a $1000 painting. If you see other people are willing to bid $500, $700, $900 it give you more confidence that the painting is worth that. That is why people start the bidding at $100 for a $1000 item... to show that other are interested in it too. Many people email the seller and ask what the reserve is (some tell, some don't), to see if it is worth there time bidding at the last second.

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