Quote:
Originally Posted by Peter_Spaeth
Bob you did the right thing, IMO. I hope the card does fine next time.
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Peter, I usually agree with about 95% of the stuff you post here. I like you and respect you as a board member. However, this is one of those 5% times you are wrong.
Both parties should do the right thing IMO. Bobby did his part by cancelling the sale (even though he did nothing wrong). However, Steve should make good here too. Here's how:
The card sold for $114. Bobby should re-list the card and Steve should pay Bobby the difference between the $114 and what the cards sells for the second time around. For example, if the card sells for $90, Steve should pay Bobby $24, the difference between the two auctions.
After all, there is an under bidder in all this that nobody is considering that was willing to pay up to $111.50 for the card. Therefore, Bobby shouldn't lose money the second time around.