From: no@where.man   
      
   In article ,   
    Lamar Owen  wrote:   
      
   > Mike wrote:   
   >   
   > > In *any* auction, the selling price is always determined by the highest   
   > > bid,   
   > > not the "second highest".  That's what auctions are all about.   If you   
   > > want   
   > > it, you outbid the other guy.  If *he* wins, then *he* has set the price.   
   > > If *I* win then *I* have set the price.   
   >   
   > No, the second highest maximum bid sets the final selling price.  The high   
   > bidder did not bid the selling price, but some price above the selling   
   > price as a maximum; the second highest bidder's maximum is a set threshhold   
   > below the selling price.  You're not directly bidding the set price; eBay   
   > is bidding by proxy for you up to your max, and thus eBay has set the   
   > price, based on the second highest maximum bid.   
      
   Yeah, sure, right, uh huh, whatever.   
      
   Look, you're never going to convince me of this silly idea of yours.   
   In *any* regular auction - not "Dutch" - the high bidder sets the price.   
   That's what bidding is all about.    He who wants it the most - and is   
   therefore willing to spend the most - sets the price by bidding the   
   largest amount.   
      
   It has always been this way.   
      
   Let's just agree to disagree, OK?   
      
   Mike   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)