11/7 Please explain why people who paid too much for items on eBay
deserve restitution? If the price got too high they should have
pulled out. I have been to real-live antique auctions and they
have no qualms about telling you that there may be bidders working
for the auction house - same as poker players in Vegas. Never bid
more than it's worth to you. I don't see the illegality here.
\_ Uhm, no. It is generally breach of contract
to have agents of the auctioneer
to be competing for bidding on goods. The Universal Commercial
Code, adopted by the majority of states and highly persuasive
in Federal Courts has a specific subsection on this. Essentially
Ebay can get sued in any of the fifty states plus Federal Courts
by its customers. In fact, if this were to actually happen it
would be grounds for a very large class action lawsuit. In addition,
certain states have specific statutes derived from the UCC
that specifically prohibit this practice. This has been a
very classic case in contract law. -williamc
\_ As an aside, I believe it's also specifically against eBay's
terms of use. -John
\_ Having been to auctions I can tell you that it is common
for there to be bidders working for a salary. I don't recall
if they work for the auctioneer or the owners of the items,
but they exist and they inform you of their existence.
Besides, no one put a gun to these people's heads and made
them pay more than they wanted to!
\_ what the heck are you talking about?
\- i think part of what one discovers in an ebay auction is
the secondary mkt price. if this is artificially inflated,
people make false assumptions about what they really are
paying for something. maybe a paperback is $8new, but the
resale value at moes is $2 cash or $3 credit ... well then
the new cost of the books is really $5-6 [if you live in
berkeley]. now say moe's sells it for $5 used ... if you
for some reason believe you can re-sell it for $4, then you
may over pay since you are only willin to really spend $1
on it, but you are actually paying $2-3. on ebay if you
raised you bid on something from $15 to $17 after somebody
else bids $16, you reasonably assume "if i want to sell this
the day after i win, i know there is somebody willing to
pay $16 out there". if you paid too much because of the
non-manipulated winners curse ... well too bad [like people
who buy a piece of camera equipment or a dvd they could have
gotten new from amazon or bhphoto fro $1 more. --psb
\_ I meant why is the OP even discussing this? Is someone
suing or charging eBay with something? url?
\_ Read the news once in a while.
\_ I searched slashdot and http://news.com for recent articles
about eBay. I didn't see anything related.
\_ There's a story on it on cbs. Slashdot isn't exactly
news. The story is pretty easy to find. |