25 Apr
2003
25 Apr
'03
7:21 a.m.
On Fri, 25 Apr 2003, Hans B Pufal wrote:
As I mentioned previously, the relevance is in establishing a baseline
value upon which two people can efficiently trade.
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All these factors play a role and that is why I think
eBay prices DO
reflect market value. eBay provides an almost perfect global marketplace
and in such an environment prices will fluctuate around a "market value".
And again, I disagree, precisely because of the way that eBay auctions
work, and the factors that can influence a final selling price.
However, I will say that as time goes on, and using eBay becomes a way of
life, the values will normalize somewhat, and I think we are seeing that
with certain items now.
I think
Michael Nadeau's book made great strides towards this end, but
refinement is still needed.
Not having had the opportunity to see a copy I cannot comment, but
without denigrating his good work, I would question the real world
relevance of any value placed on any particular machine at a particular
moment in time.