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Technology Stocks : eBay - Superb Internet Business Model
EBAY 83.82-0.7%Nov 14 9:30 AM EST
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To: mrknowitall who wrote (3396)6/7/1999 11:22:00 AM
From: The Antique  Read Replies (1) of 7772
 
Mr. K "four re-listings by sellers to trigger action against a deadbeat bidder." Your sentence doesn't make sense to me. Re-list means to auction the item again. It takes four complaints (usually done when the seller requests the commission returned because the high bidder didn't pay) to eBay about a person, saying that they didn't make good on their bid. They give them a warning each time and are willing to look into the situation.
Interesting thought, "it isn't really an auction - it artificially closes even when there might be higher bids." You could say this about all auctions then. My point is when you go to a real live auction you know when the auction is, and generally when the item you are interested in is going to be sold. The same is true for eBay. You know exactly when the auction is and exactly when the item will be sold. I see your point is that someone might miss placing a bid at the last second and miss the item. But someone might get trapped in a traffic jam and miss the item at a real auction also. If as a seller you want to get the same frenzy you do in a real live auction I suggest you sell with out reserve, then you get more action and egos pitting it out against each other.
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