Re: [NTLK] Dutch auction

From: Eric L. Strobel (fyzycyst_at_home.com)
Date: Fri Nov 30 2001 - 09:00:46 EST


at the temporal coordinates: 11/30/01 7:45 AM, the entity known as Mark
Rollins at mark_at_mrollins.com conveyed the following:

> Subject: Re: [NTLK] Mucho 2100's 4-sale
> Date: Fri, 30 Nov 2001 00:01:09 +0100
>>> This guy is selling (10 qty.) on a dutch auction original 2100's .
>> why do you call it a Dutch auction?
>
> Because it am one!
> from http://www.knowledgemedia.org/netacademy/glossary.nsf/kw_id_all/839
>
> The Dutch Auction
> A continuous descending auction where bidders can see the current price
> an must decide if they wish to purchase at that price or wait until it
> drops. The winner is the first bidder at the current price.

Actually, by that definition, "Dutch" auctions on eBay AREN'T! They do NOT
have the feature of the price descending and folks trying to decide whether
to wait for it to go lower (and risk not getting any) or bid now.

- Eric.

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