The intent of an auction is to get the most money

by Hobie , Shenandoah Valley of Virginia, Tuesday, March 19, 2013, 18:43 (4212 days ago) @ FOG

possible for the seller. It was true 2000 years ago and it is true today. BTW, you often, perhaps unwittingly, participate in auctions as when you "negotiate" in competition with others for something. Maybe it is your wife's time vs going to one of the kid's functions or going to one grandkid's activity rather than another.

--
Sincerely,

Hobie

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OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest - FOG, 2013-03-19, 17:25
- The intent of an auction is to get the most money - Hobie, 2013-03-19, 18:43
  - I get the basic idea alright - FOG, 2013-03-19, 18:57
    - I get the basic idea alright - Hobie, 2013-03-19, 20:44
- I guess the other thing I was saying is - FOG, 2013-03-19, 20:58
  - I bid what I'll pay and no more. Do that at live auctions - Hobie, 2013-03-19, 21:53
    - I bid what I'll pay and no more. Do that at live auctions - Otony, 2013-03-19, 22:48
    - I bid my max, leave it in the Lord's hands... - Boge Quinn, 2013-03-20, 07:51
      - "I bid my max, leave it in the Lord's hands..." Yes, IF - Hobie, 2013-03-20, 18:09
      - I bid my max, leave it in the Lord's hands... - Catoosa, 2013-03-20, 20:17
- OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest - Otony, 2013-03-19, 22:00
  - Patience is a virtue - FOG, 2013-03-19, 22:27
    - Patience is a virtue - Jared, 2013-03-20, 13:21
- Generally, I throw up what I am willing to pay and... - Hoot, 2013-03-20, 13:24
  - I suspect the penny auctions with a reserve are often - Hobie, 2013-03-20, 18:11
  - I also avoid auctions with 'Reserve' prices - FOG, 2013-03-23, 12:46
- OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest - Charles, 2013-03-23, 14:02
  - RE: #3 - FOG, 2013-03-23, 15:48

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The intent of an auction is to get the most money