"Geoffrey S. Mendelson" wrote:

dxAce wrote:

Did not meet the reserve. Final bid was $1918.94.

The 'Buy It Now' price was $2351.49.

Eventually someone is going to outlaw reserve prices.

Probably some Liberal/Democrat/Marxist/Socialist!

It is a form of false
advertisement, as you are implying by having a mimimum bid that if a buyer
bids the minimum, and no one else bids, they can buy the item for that price.

Hidden reserve prices say that you really won't accept the minumum bid
you advertised, and you aren't even going to tell anyone what it was.

IMHO a dishonest seller and should be avoided.

Geoff.

--
Geoffrey S. Mendelson, N3OWJ/4X1GM
My high blood pressure medicine reduces my midichlorian count. :-(

"Geoffrey S. Mendelson" wrote in message
...

dxAce wrote:

Did not meet the reserve. Final bid was $1918.94.

The 'Buy It Now' price was $2351.49.

Eventually someone is going to outlaw reserve prices. It is a form of false
advertisement, as you are implying by having a mimimum bid that if a buyer
bids the minimum, and no one else bids, they can buy the item for that
price.

Hidden reserve prices say that you really won't accept the minumum bid
you advertised, and you aren't even going to tell anyone what it was.

IMHO a dishonest seller and should be avoided.

Geoff.


--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

I see nothing dishonest about it. Each reserve auction has "RESERVE PRICE
NOT YET MET" in big red letters until it has been met.

On 10/14/2011 4:44 AM, Geoffrey S. Mendelson wrote:
dxAce wrote:

Did not meet the reserve. Final bid was $1918.94.

The 'Buy It Now' price was $2351.49.

Eventually someone is going to outlaw reserve prices. It is a form of false
advertisement, as you are implying by having a mimimum bid that if a buyer
bids the minimum, and no one else bids, they can buy the item for that price.

Hidden reserve prices say that you really won't accept the minumum bid
you advertised, and you aren't even going to tell anyone what it was.

IMHO a dishonest seller and should be avoided.

Geoff.



It is a "bit of a strange way" to run an auction ... the bidding should
be forced to start at a minimum acceptable, and go from there ... I
agree, ebay would appear "more" legit if tradition were followed ... but
in the scope of the world, it is only a minor transgression.

Regards,
JS

Brenda Ann wrote:

I see nothing dishonest about it. Each reserve auction has "RESERVE PRICE
NOT YET MET" in big red letters until it has been met.

It's dishonest because the seller has a minumum you can not find out until
you bid and reach it. Plus since the minimum advertised is not the real
minimum, it's false advertisement.

If the minimum bid is $1, you can't bid $1 and win it.

It happened here in Israel with lottery tickets. The state lottery was selling
"win a million" scratch off tickets. Someone bought one expecting to be able
to win a million and found out that the million had already been won, six
weeks before. There was no chance of him winning the million, so he sued for
false advertisement and won.

Geoff.


--
Geoffrey S. Mendelson, N3OWJ/4X1GM
My high blood pressure medicine reduces my midichlorian count. :-(

In article ,
says...

Brenda Ann wrote:

I see nothing dishonest about it. Each reserve auction has "RESERVE PRICE
NOT YET MET" in big red letters until it has been met.

It's dishonest because the seller has a minumum you can not find out until
you bid and reach it. Plus since the minimum advertised is not the real
minimum, it's false advertisement.

If the minimum bid is $1, you can't bid $1 and win it.

It happened here in Israel with lottery tickets. The state lottery was selling
"win a million" scratch off tickets. Someone bought one expecting to be able
to win a million and found out that the million had already been won, six
weeks before. There was no chance of him winning the million, so he sued for
false advertisement and won.

Geoff.

Thousands of items are sold by reserve auction daily, it's not a
dishonest, and it's definitely not fraud. It's never going to go away,
so get over your dislike of it, or don't bid on anything that has one.

--
BDK- Top of the government shill heap for over 10 years running!