27 Mar
1999
27 Mar
'99
12:36 p.m.
On Sat, 27 Mar 1999, Mike Ford wrote:
This is just a seller with a high minimum bid, bidders who reneg are often
pursued, or just sued, and almost alway get negative feedback.
The completion rate figure I have seen for eBay is 70%. Out of that 30%
that don't go through, a lot are from people who choose to list with high
first bids, ala the guy who keeps about 100 auctions going all the time,
That's where Ebay has a disadvantage over real (in-person) auction
houses. The ones I've been in often have a staff to check the
bonafides of such bidders, such as if they try to walk away without
the merchandise they promised to buy, they do so on broken legs.