Auction prices - ebay and elsewhere

[NW Mailing List]

All:

An item is worth whatever the TWO highest bidders are willing to pay for
it. Those are the rules. When those two, perhaps unknown as to the
identities of each other decide "they have to have it", anything goes, be
it mustard pot, builder's plate, station agent booklet or whatever.

The same holds true for live auctions. It happens; just Ebay happens to be
a visible metaphor for millions to see and ogle at.

We don't whine or complain too much when a $3 item sells for $10 or $20, do
we? But do we complain and whine when we "decide" that a seller is asking
too much to start with, yet that happens tens of thousands of times daily
on ebay. And the marketplace rules again and those over-priced sellers keep
their "treasures" and pay ebay ad-nauseum until there's another fool out
there or they learn the error of their ways.

Like it or not, the market makes its own rules. You and I are free to make
our own choices, complain about the choices of others (which just might
happen to be slightly counter to our thinking at the moment in question),
and who knows where the lines will be drawn the next time and "you" will be
the one who "has to have it."

Remember, it's capitalism at work and be thankful for that.

Lastly, remember that the Almighty looks over fools, idiots and drunks, not
necessarily in that order.

Bob Cohen
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