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To: H James Morris who wrote (32190)1/2/1999 5:13:00 AM
From: KeepItSimple  Respond to of 164684
 
>If you like ebay may I suggest that you buy Sotheby's (BID).
Their margins would
>even impress William.

At least when I buy something auctioned through them I can be assured it is what it claims to be, and I can be assured that there are no fake bidders in the crowd who are just multiple screen names of the seller that are trying to jack up the price, and I can be assured that if I am selling something I will indeed get the money without someone stealing the merchandise.

You see, a real auction house MUST add these services. Ebay is nothing more than a glorified usenet newsgroup. They totally disclaim away everything- their boilerplate can be boiled down to : "We dont guarantee anything at all, all we guarantee to do is take 5%"

And you wonder why Ebay makes most of its revenue through Multi-level marketing pamphlets and beanie babies? Oh yes, I have this Monet handed down from my great great grandfather- I think I'll sell it through Ebay. I'm sure the buyer's check will cash!



To: H James Morris who wrote (32190)1/2/1999 12:05:00 PM
From: Jan Crawley  Respond to of 164684
 
Jan, If you like ebay may I suggest that you buy Sotheby's (BID).

James, I think that e-bay is a short candidate, cuz only 8% of e-bay's stocks is in the float.
But I do not know how to deal with the current float/short relationship; so I am passing it.