PDP-8 for sale

But that isn't the whole story either.. Suppose I win an object for, say, $50. What you don't know is that my high bid limit was actually $200 and that I would have been happy to pay $200 for it. It's the same in second-hand shops, collector's fairs and physical auctions too, of course. The other week I saw an object I was interested in at a collectors fair. I asked the price, the seller replied, I paid and took the object. What I didn't say was that I would have paid 4 times as much for it. And nor would anyone else have said that in the same position. Then there's the issue (at auctions, physical and E-bay) of 2 people in a bidding war. An object is listed, bids start at, say, $50. 2 people want it, and bid against each other. Finally one gets it for $1000 as against the other's $990. So does that make it worth $1000? Well, if you now list another one starting at $50, you may well find only one person (the loser of the previous auction) bids, so gets it for the opening bid of $50. -tony