[geeks] eBay question

[Sridhar Ayengar]

Phil Stracchino wrote:
> Dan Sikorski wrote:
>> Or, as mentioned by others on the list, if you don't like it, don't 
>> bid.  But don't claim that it is a violation of law or claim that ebay 
>> is a mass organization of racketeering or fraud.  I assure you that it 
>> is not.  I'm sure that Sotheby's and ebay have teams of lawyers that are 
>> sure that they are not racketeering.
> 
> I agree it is not fraudulent.  However, I still feel it is deceptive.
> It amounts to advertising something for sale at a starting price you
> know up front you have no intention of ever honoring, while concealing
> that fact from the buyer.
> 
> It's legal, sure.  I still think it's unethical.

I don't have a problem with reserve auctions being on ebay.  I just tend 
not to bid on them.

I don't feel like "plumbing the depths" to figure out what the reserve 
is.  I have better things to do with my time.

Peace...  Sridhar