Posted By:
barrysloateI think the whole Honest-Auction bid thing is overrated, and here's why: an auction is only as honest as the people running it. With my new software, as well as with my previous phone auctions, I have had access to every ceiling bid. Yet bidders still leave them liberally. And I have had lots go for half the max bids. Why? Because I take full responsibility for what goes on in my auctions.
Business is about people, not about computers. Either you trust someone or you don't. And people either trust me, or anyone else, or they move on. It's that simple.