On a completely unrelated topic... (ebay)

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Hi,
I'm sitting here waiting for a radar to back up, as you do...
And after having wiped my eyes dry from laughing myself sick at the
unfortunate Mr. Dorsey and pasteing he's getting off his missus. (hope
there's room in the garage for a bed). (sorry MR.D.). I tripped over to
ebay, and what do I find, only 3 adds for THE SAME Trident series 65
console from 3 different sellers. I'm relatvely new to the ebay thing,
and I'm thinking, "this can't be right".

Can anybody enlighten me as to what may be going on here...

P.S. Does anybody know what the record for the longest D.I.Y. job on a
fitted kicthen is?

Regards.
D.S.

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In article <1120595860.848276.63820@o13g2000cwo.googlegroups.com> daveslevin@02.ie writes:

> I tripped over to
> ebay, and what do I find, only 3 adds for THE SAME Trident series 65
> console from 3 different sellers. I'm relatvely new to the ebay thing,
> and I'm thinking, "this can't be right".
>
> Can anybody enlighten me as to what may be going on here...

One possibility is that the console really exists, and the seller
asked two of his buddies to list it so that there's some bidding
competition. Another possibility is that the console doesn't exist (at
least not for sale) and someone will win the bid and be out the money.



--
I'm really Mike Rivers (mrivers@d-and-d.com)
However, until the spam goes away or Hell freezes over,
lots of IP addresses are blocked from this system. If
you e-mail me and it bounces, use your secret decoder ring
and reach me here: double-m-eleven-double-zero at yahoo

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In article <PwNye.119864$Vj3.107976@fe2.news.blueyonder.co.uk> tjhertz@gmail-HOLDTHESPAM.com writes:

> > One possibility is that the console really exists, and the seller
> > asked two of his buddies to list it so that there's some bidding
> > competition.
>
> I don't see how that would work - wouldn't it only serve to dilute the
> market and lower the final value?

Depends on how you interpret auction philosophy at the moment. If
people think there are three people bidding on these consoles they'll
think that it's a hot item and they'd better not lose out. Of course
each one has to bid on the others' listing to make it look good.

> It's possible that they're all real auctions, but unlikely if they have the
> same pictures and listing text.

Well, there are a lot of copycat auctions out there. Someone sees a
widget up for sale and says "I have one of those that I'm not using.
Maybe I can get some money from it." So they copy the auction, and
link to the same photos. If they get a sale, it was an easy sale. If
they don't, then it's only a couple of minutes lost.



--
I'm really Mike Rivers (mrivers@d-and-d.com)
However, until the spam goes away or Hell freezes over,
lots of IP addresses are blocked from this system. If
you e-mail me and it bounces, use your secret decoder ring
and reach me here: double-m-eleven-double-zero at yahoo

Archived from groups: rec.audio.pro (More info?)

Mike Rivers wrote:
> In article <PwNye.119864$Vj3.107976@fe2.news.blueyonder.co.uk> tjhertz@gmail-HOLDTHESPAM.com writes:
>
> > > One possibility is that the console really exists, and the seller
> > > asked two of his buddies to list it so that there's some bidding
> > > competition.
> >
> > I don't see how that would work - wouldn't it only serve to dilute the
> > market and lower the final value?
>
> Depends on how you interpret auction philosophy at the moment. If
> people think there are three people bidding on these consoles they'll
> think that it's a hot item and they'd better not lose out. Of course
> each one has to bid on the others' listing to make it look good.
>

Economics 101. More sellers and fixed number of buyers = prices go
down. More buyers and fixed number of sellers = price goes up.

That's why I can never understand these dorks who list 20 of the same
thing at the same time. Well, maybe they were absent or stoned during
Econ. 101.

I do see your point though about shill bidders. But even so, 3 auctions
for the same item will drive the price down in the end. Especially for
larger, more expensive, more specialized items because the number of
potential buyers is very small.

Karl Winkler
Lectrosonics Inc.
http://www.lectrosonics.com