Re: [NTLK] Dutch auction

From: Larry Zasitko (l.zasitko_at_sk.sympatico.ca)
Date: Fri Nov 30 2001 - 09:42:52 EST

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And all this confusion is why I refered the ebay faq to everyone. It
explains how it works with ebay, doesn't matter on definition, it follows
ebays rules.

Larry Zasitko, Access-Ability at Home + Away
www.accessability.homestead.com/index.html

> -----Original Message-----
> From: newtontalk-bounce_at_newtontalk.net
> [mailto:newtontalk-bounce_at_newtontalk.net]On Behalf Of Eric L. Strobel
> Sent: November 30, 2001 8:01 AM
> To: newtontalk_at_newtontalk.net
> Subject: Re: [NTLK] Dutch auction
>
>
>
> 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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