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Hi Mike:

When an eBay sale is concluded the price is determined by the
SECOND highest bidder NOT the highest bidder as in a conventional
live auction.  eBay could have made it so the highest bidder
determines the price, but they have done it this way to make the
auctions more fair in my opinion.

I've seen items go on eBay for more than they sell new for.
As someone said "Caveat emptor."

Have Fun,

Brooke Clarke, N6GCE
http://www.PRC68.com

Mike Boersma wrote:

> Ebay is the world of irrational bidding. If you are selling something,
> irrationally high bidding is good. Ebay gets a percentage of every sale
> and obviously a high sale price is good for ebay (and for their
> shareholders). Caveat emptor.
>
> Michael Boersma
>
> Gary Harkins wrote:
>
>> I just watched a Cassens and Plath sextant on ebay during the last few
>> minutes of frenzied bidding.  This sextant is 5 years old, the owner
>> didn't know much about it (at least he couldn't tell me if it had the
>> double prism lens), and went for $846.00.  What would make otherwise
>> sane people (presumably) pay 2/3 of what they could buy new for a
>> sextant that has no REAL guarantees?  Gary Harkins C400 #140 "Cygnus"
>> Website   http://www.hometown.aol.com/htycgary/myhomepage/index.html
>> Harbour Towne Marina, Muskegon, Michigan Slip C-28
>> Harbour Towne Yacht Club, Life Member
>> C400 National Association
>> United States Power Squadrons-JN
>>
>> NRA Life Member
>> MCRGO (Michigan Coalition for Responsible Gun Owners)
>> JPFO (Jews for the Preservation of Firearms Ownership)
>>

   

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