Re: Reserve price farm auctions

Posted by willyz on June 19, 2005 at 04:50:50 from (216.93.88.231):

In Reply to: Reserve price farm auctions posted by Ray on June 17, 2005 at 12:24:52:

This is my take on this. The item is worth something to everyone. You determine how much it is worth to you by bidding. If it is worth more to the seller than it is to you, why can't he outbid you? Should you have the right to steal the piece because there aren't enough bidders? That's what most people who complain about reserve bids or buy backs seem to want. They seem to want something for nothing. The man selling the item may need the money just as much or more than you but can't afford to give the thing away. Reminds me of the guy who told me he went to look at a Farmall C. It was a little rusty but ran like a top and had new rubber. The seller was asking $600 for it. Since the seller was really hard-up and needed the money the guy offered him and bought it for $350. Why didn't he have the seller throw his last crust of bread into the deal?

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