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#3
01-14-2015, 05:39 AM
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Hi Barry
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 . 
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