Quote:
Originally Posted by Leon
PWCC probably spends 100k+ on advertising a year. How much do you spend?
And no, I am not good with retractions, but as I look around on ebay, Probstein and PWCC are not any worse than many others. I think Ebay needs to forbid more than 1-2 retractions a year. That would stop a lot of the shenanigans....Just like auction houses have very strict rules against retractions, so should ebay.
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I made the same point earlier. I don't begrudge them making more then me, there are some legitimate reasons for that along with the illegitimate ones. Frankly I don't measure my success against other companies or I'd just dig a hole, hop in, and pull the dirt in over me. I measure success against myself, or my standards. Why bother looking at their results if you know it's gonna tilt you?
As for retractions I've had some interesting legal discussions on here about them. If you accept a bid you legally HAVE to accept a retraction. However if someone has retracted bids in the past you are under no obligation to continue accepting their bids. This is in the UCC and is the law of the land nationwide. You cannot contract away your UCC rights either, so even if an auction house makes you sign something saying you can't retract a bid it is non-binding. The only thing they can legally do is refuse to accept your bid in the first place.