[CR]Strange Happenings on eBay

From: "jerrymoos" <jerrymoos@sbcglobal.net>
To: <classicrendezvous@bikelist.org>
References: <CATFOODmReozTIAw19D0000287d@catfood.nt.phred.org> <002701c3c18b$4038e030$6501a8c0@Velostuf>
Date: Sat, 13 Dec 2003 11:41:49 -0600
Subject: [CR]Strange Happenings on eBay

Can someone explain this auction to me?

http://ebay.com/<blah> toDisplayType=2#ebayphotohosting

This auction for a Raleigh Team Pro ended with a Buy It Now, even though there had already been 7 other bids. I thought once bidding started, Buy It Now was disabled. Even stranger, the buyer waited until almost the end of the auction, then paid $750 on Buy It Now, even though the next highest bid was only $425. Granted, the reserve had not been met, but if he was willing to pay $750, why not just bid that? Then if reserve turned out to be $500, he would still have gotten the bike, and saved $250 in the process. Maybe the seller clued the buyer as to the reserve price.

Regards,

Jerry Moos
Houston, TX