View Single Post
  #16  
Old 11-23-2005, 09:03 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Leaving Me Puzzled and Smiling

Posted By: T206Collector

<<it looks fishy when you start offering things to underbidders immediatley after the close of an auction.>>

It is not nearly as fishy if you offer the card for the price that it would have sold for had the original winner never bid at all, i.e., not $134.88 but $103.50.

These are the 3 highest bids in the original offer:
bowlingshoegiverouterguy ( 901) US $137.38 Sep-03-05 13:24:23 PDT
hortica ( 876) US $134.88 Sep-03-05 16:55:00 PDT
ycbtal(private) US $101.00 Sep-03-05 16:49:50 PDT

The problem with 2nd-chance offers, is that they too often offer the card at the 2nd-highest bidder's high price (here $134.88) even though the only reason the seller even knows what the 2nd-high bidder's limit was is because of a 1st-highest bidder that was unable to pay in the first place (or ultimately made a mistake, as here).

The only fishy thing would be if the 2nd-highest bidder did not want this particular card at $103.50, even though he expressed an interest in paying over $30 more for it. Given the dramatic difference in price after the second listing, is there any question that an appropriate 2nd-chance offer here would have made a lot of sense?



Reply With Quote