Ending Auctions (was Re: HP 2114 on ebay)

Well then he'd have to pay the commision on $7000, no? Neil Morrison email:morrison@t-iii.com > -----Original Message----- > From: George Currie [SMTP:g@kurico.com] > Sent: Thursday, September 16, 1999 1:44 PM > To: Discussion re-collecting of classic computers > Subject: Re: Ending Auctions (was Re: HP 2114 on ebay) > > > Second, the basic rules continue to hold. Which are: > > - You offer something for sale, you have the option of setting > > a reserve price and a minimum bid. > > - When your auction ends, if the highest bid was above > > your reserve then you _MUST_ sell the item to the highest > > bidder. REGARDLESS OF HOW THE AUCTION ENDED. > > Speaking of this point, did anyone catch the auction for the Xerox Star? > Talk about weird endings, it was around $2100 (reserve not met) until > the very end, when suddenly a $7000 bid comes in (reserve met). But get > this, the alias of the high bidder is almost exactly the same as the > seller (seller was foobar, buyer was foo.bar). Sounds like maybe the > second place bidder actually hit the reserve ($2300?) and the seller > decided that he didn't want to sell it so put in a massive bid under a > diff. alias? > > George