27 Apr
2003
27 Apr
'03
11:15 a.m.
At 21:15 27/04/2003, you wrote:
On Thursday, April 24, 2003, Mike wrote:
Not quite: Everyone knows what the *second* highest one is, and that the
highest bid is at least greater than (or equal to, depending on bid timing)
that one.
The fact that the price changes during the auction, however, is the
greatest indicator that eBay is not remotely like a "sealed bid" auction.
--
Cheers, Ade.
Be where it's at, B-Racing!
http://b-racing.com
eBay is exactly what a sealed bid auction is.
Except that the bids aren't sealed all the way, since the highest one is
known to all bidders.