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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (71136)	11/30/1999 11:07:00 AM
From: Skeeter Bug	Respond to of 132070

now THAT is worth $2 billion to the founder! ;-)

To: re3 who wrote (71136)	11/30/1999 11:26:00 AM
From: Doug Soon	Respond to of 132070

Hi Ike, I thought I would pitch in here. This seems to be the product of unsophisticated ebay buyers and the seller. This is a "dutch" auction of 1500 items. That means that until there are 1499 bids higher than $2.99 the indicated price will not increment higher. The bid history shows bids of $10 and $12. Clearly, those guys don't know how a dutch auction works or they wouldn't try to outbid the highest bid. The seller, on his part, may get a reasonable price for his product from the highest bidders, but may have to take an unreasonably low price from bidders 1400, 1401, 1402........ Hope this clears up "dutch" auctions.DS