JUST LIKE A
REAL AUCTION.
Ebay is not [a] real auction. It is most similar to a silent
auction
and the fixed deadline for the end of bidding changes the psychology.
How does that make it any less a real auction?
This seems to amount to defining "real auction" as "anything before
ebay". Auctions have been evolving for as long as they've existed; I
see no justification for drawing a line before ebay and decreeing that
everything before it is really an auction but ebay itself isn't. A
silent auction is very different from a..."non-silent", I guess,
auction; why not decry silent auctions as non-real? (Indeed, it would
surprise me if that didn't happen when they were first introduced.)
Similar remarks apply to pretty much any auction variant.
The Wikipedia page "Auction" is informative - and, relevantly to the
discussino, says that "during the seventeenth and eighteenth
centuries", a form of auction that ended abruptly and only
semi-predictably was used to "ensure that no one could know exactly
when the auction would end and make a last-second bid". There are also
a whole bunch of other types; either someone has been getting very
creative on that Wikipedia page or making ebay out as a new thing, or
not a "real" auction, is pretty much groundless.
Not that I'm an ebay apologist. I think they're evil and the world
would be better off without them - but this has nothing to do with how
fair it is, or isn't, to use the word "auction" for what they do.
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