<philosophical discussion mode on>
HOWEVER, this whole discussion seems to rest on the questionable statement
that everyone bidding knows what a given item is "worth" (excluding the
obvious/trite argument that something is worth what someone is willing to
pay.) As a simple example, look at what the Jan/Feb 1975 issues of Popular
Electronics are bringing now (about $80) as opposed to a year or so ago
(about $300) when they were considered *rare*. Are the people who bought a
year ago more (or less) "right" than those that bought today?
<philosophical discussion mode off>
Yeah, but book sales at Libarys are waaaay up because of this. :-)