You often see auctions with only one bidder, who is bidding against himself. In reality, he is bidding against the reserve price, since he doesn't know its amount.
Jim On Mar 4, 2012, at 2:33 PM, [email protected] wrote: > but how can a person bid against himself if he is the only bidder? > > > > In a message dated 3/3/2012 4:38:53 A.M. Eastern Standard Time, > [email protected] writes: > > consecutive bids within a few minutes, bidding against himself each time, > and taking the price from $599 to $1000. _______________________________________________ Phono-L mailing list http://phono-l.org
