"Rick Barnes" <barnesrv@attbi.com> wrote:
: Because a starting bid and a reserve are the same thing. It's a good deal
: at $8,800 to be sure. Who is making a big deal out of it but you Jason?
No, they aren't. Although in this particular case, starting the
auction at $8,800 with no reserve and starting it at $1 with an $8,800
reserve would have the same *net effect*, the terms "starting bid" and
"reserve" are two very different things and have been a part of auction
terminology for hundreds of years before ebay ever sold its first Pez
dispenser.
Rick, you are correct in saying that since this ebay auction has a
starting bid of $8,800 the truck won't sell for less than that (it could
in a "real" auction), but that does not mean that "starting bid" and
"reserve" are the same thing. These are specific terms that refer to
different things; they are not the same.
---Jon-
.---- Jon Steiger ------ jon@dakota-truck.net or jon@jonsteiger.com ------. | I'm the: AOPA, DoD, EAA, NMA, NRA, SPA, USUA. Rec & UL Pilot - SEL | | 70 Cuda, 90 Dak 'vert, 92 Ram 4x4, 96 Dak, 96 Intruder 1400, 96 FireFly | `------------------------------------------ http://www.jonsteiger.com ----'
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