20 Apr
1999
20 Apr
'99
11:01 p.m.
I just had an idea. One of the things pushing up e-bay prices
is the publication of the high bids of past auctions. The logic
for sellers is something like, since the previous one sold for
this much, I should expect at least as much for this one.
What if we kept (and publicized) a record of asking prices for
the things that did *not* sell? Maybe buyers would look at that,
and use similar logic to avoid bidding any higher than that?
Bill.