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To: Cap_Loss_Cfwd who wrote (75172)	8/23/1999 1:32:00 PM
From: KeepItSimple	Read Replies (4) \| Respond to of 164684

From what i've read, this is now the practice followed by the vast majority of big ticket item sellers on Ebay- which explains why ebay is trying to curb it. But they can't. None of this has anything to do with their stock price, which will continue to rise with all the rest of the internuts. Easy Al greenspan is certainly leaving one hell of a mess for people to clean up after he announces his retirement tomorrow. ------------ For those who do not use Ebay, the most common scam I have seen is to set a high reserve price that is not met, then Email the highest bidder offering to sell the item at the highest bid price.

To: Cap_Loss_Cfwd who wrote (75172)	8/23/1999 2:45:00 PM
From: Randy Ellingson	Respond to of 164684

So, Ebay had to back off on its radical demands that auctioneers pay $1 for a reserve price auction and set minimum bid prices at 25% of the reserve price to discourage the rampant practice of cheating Ebay out of its commissions. I agree, backing off from what is a very reasonable business decision was a pretty wussy move. When they added the buck, I thought they were thinking like an AOL (exploiting their strength as a desired service). Now I think they're weak. So much for ever raising their commissions -- they'll simply have to back down when 1000 people complain. Of course it's possible they know more about their business than I do ;-). Randy