Just because a coin goes for less than expected does not mean the buyer is trying to rip the seller, it means the buyer was willing to offer it for less and there was no demand for the price to go higher. At that time, it is a fair market price for that particular item.
I agree it is the seller's item to do whatever, but it violates the integrity of the auction system to offer an item at $cheapo and when the price doesn;t go to $desired, cancelling the item. Many auction formats have seller buybacks where the seller has to bid on the item. Ebay used to allow sellers to bid on their items but disallowed that to promote reserves. So it can be concluded that sellers that end auctions early because of low bids are utilizing an ebay sanctioned fee avoidance program.
So it is ebay's policies and encouragement to continue this practice that causes disgruntled buyers when sellers cancel auctions. (note: I say ebay encourages this practice because ebay utilizes a buyer's cancelled bid count but they do not have a seller's cancelled auction count, not that either matters.)
Personally, I think ebay should require a buyer to buyback his auction and pay fees rather than just cancel it(i.e. the seller goes to cancel the auction and item price goes to where the seller is high bidder.) Maybe an exception like a cancel within the first 24 hours in the event of listing errors would require no fees.
Many have stated that the ony ones to complain are the buyers who didn't get the good deal, well the seller should not have offered the item at a good deal! (That's a no brainer thinking pattern there.)
<< <i>You can retract your bid if you change your mind - people retract bids all the time. Too many retractions and they'll ban you. If sellers withdraw too many auctions, they'll get banned too. >>
Wrong, its in balck and white a buyer CANNOT retract a bid If they change their mind. It is against the rules to do so. Yes a buyer will get kicked from Ebay if they abuse the bid retraction (break the rules) BUT there has never been a seller who got kicked for ending auctions early, Ebay could care less.
A lot of bad bad buyers are out there but quit trying to justify a sellers unethical behavior because or it.
<< <i>But because the time element is a condition of the offer, it's not an enforcable agreement because the offer could be withdrawn. Before contracts are signed, there is a lot neogotiating before hand and either party can walk away before a contract is made. >>
The time element is not a condition of the offer. The auction duration is the amount of time the seller is offering it for sale. Once a bid is placed the offer has been accepted. But due to the amount of time the offer has been extended someone else is able to accept the sellers offer by offering more money which will void the previous offer. You are correct their is a lot of neogotiating. All the terms are set in the auction and prior to a buyer bidding they can contact the seller to resolve any issues BUT as soon as the buyer places a bid the offer has been accepted thus the neogotiating is over.
What is all this "If the seller states No Reserve" in his auction? Just listing a no reserve is not enough weather he states it or not its all the same.
Why do I try?
Bill
The only thing necessary for evil to triumph is for good men to do nothing.
Comments
I agree it is the seller's item to do whatever, but it violates the integrity of the auction system to offer an item at $cheapo and when the price doesn;t go to $desired, cancelling the item. Many auction formats have seller buybacks where the seller has to bid on the item. Ebay used to allow sellers to bid on their items but disallowed that to promote reserves. So it can be concluded that sellers that end auctions early because of low bids are utilizing an ebay sanctioned fee avoidance program.
So it is ebay's policies and encouragement to continue this practice that causes disgruntled buyers when sellers cancel auctions. (note: I say ebay encourages this practice because ebay utilizes a buyer's cancelled bid count but they do not have a seller's cancelled auction count, not that either matters.)
Personally, I think ebay should require a buyer to buyback his auction and pay fees rather than just cancel it(i.e. the seller goes to cancel the auction and item price goes to where the seller is high bidder.) Maybe an exception like a cancel within the first 24 hours in the event of listing errors would require no fees.
Many have stated that the ony ones to complain are the buyers who didn't get the good deal, well the seller should not have offered the item at a good deal! (That's a no brainer thinking pattern there.)
<< <i>You can retract your bid if you change your mind - people retract bids all the time. Too many retractions and they'll ban you. If sellers withdraw too many auctions, they'll get banned too. >>
Wrong, its in balck and white a buyer CANNOT retract a bid If they change their mind. It is against the rules to do so. Yes a buyer will get kicked from Ebay if they abuse the bid retraction (break the rules) BUT there has never been a seller who got kicked for ending auctions early, Ebay could care less.
A lot of bad bad buyers are out there but quit trying to justify a sellers unethical behavior because or it.
<< <i>But because the time element is a condition of the offer, it's not an enforcable agreement because the offer could be withdrawn. Before contracts are signed, there is a lot neogotiating before hand and either party can walk away before a contract is made. >>
The time element is not a condition of the offer. The auction duration is the amount of time the seller is offering it for sale. Once a bid is placed the offer has been accepted. But due to the amount of time the offer has been extended someone else is able to accept the sellers offer by offering more money which will void the previous offer.
You are correct their is a lot of neogotiating. All the terms are set in the auction and prior to a buyer bidding they can contact the seller to resolve any issues BUT as soon as the buyer places a bid the offer has been accepted thus the neogotiating is over.
What is all this "If the seller states No Reserve" in his auction? Just listing a no reserve is not enough weather he states it or not its all the same.
Why do I try?
The only thing necessary for evil to triumph is for good men to do nothing.