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To: Ricky Rydell who wrote (4111)7/14/1999 1:46:00 PM
From: hoopsville  Respond to of 7772
 
You probably could get better buys on Yahoo with the small number of bidders. However, I could never find any item listed that I collect.



To: Ricky Rydell who wrote (4111)7/14/1999 4:34:00 PM
From: Jeff Dryer  Read Replies (3) | Respond to of 7772
 
>Sounds like you might get some better buys on yahoo with less
>bidders :)

I would think the same and then I did some investigating and some participating. I don't believe Yahoo is a meaningful auction site at all, but I do believe Yahoo Auctions could destroy the entire auction market on the Web depending on how much Media attention Yahoo gets.

Isn't it true that almost all sellers know how much they are willing to sell an item for, a seller then creates an auction listing and hopes to attract a buyer willing to pay the price?

If sellers price is not met, then the seller creates another free account and outbids the real bidder.

A true auction would be if someone took away your stuff and sold it at a fire-sale price for you (whatever the market is willing to bear). Correct me if I'm wrong about this.

What I see going on primarily on Yahoo and to some extent eBay are sellers using a manipulated hype selling mechanism disguised as "an auction" to sell stuff to buyers (in many cases buyers that aren't aware of all the tricks being played by sellers).

: )