In a message dated 12/14/99 4:45:20 PM Eastern Standard Time,
type79@ix.netcom.com writes:
<< If something is at auction and you decide you are willing to pay, let's say
$100.00 for it and someone outbids you, why is it the higher bidder's fault
that
after the fact, you decide that you would have paid more than $100.00, but
just
failed to enter a bid for that new maximum amount? >>
Its not that, Jay--it is the setting of a bid at a good and fair level that
is high bid for 3-4 days, right up to minutes before expiration, then to have
some guy who has sat and watched it come in in the last few seconds and
outbid anything put up. I would like another chance to bid, just like at a
real auction where the bidding isnt over till its over. Many times I have no
idea what something is really worth--the idea of an auction to a buyer is to
buy at lowest dollar. I am very experienced at real auctions, and that is
the way it is.
I have pretty much decided to do the same as these guys--to lurk and wait
till the last second, if I am not at work, to cast my lot. If it is expiring
while I am at work,then I will offer my highest dollar and hope it works.
--David C.
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