Your premise here is excellently stated. I rarely participate in these auctions, mainly for two reasons......
1st...... the bidding increments of
10 % is a "killer". I guess lot of people don't appreciate the power of compounded interest.
7 bids @
10 % increments DOUBLES the starting bid. Followed by 7 more bids, and the starting bid is QUADRUPLED ! ! ! !
No wonder ridiculous sale prices are realized on many pieces.... that normally as you said Barry.... a 10 minute phone call between
two reasonable people could result in a fair price for the same item.
2nd...... the buyer's (and the seller's) fees have become ridiculous.
I guess I'll just keep hunting on ebay
TED Z
.