[AMC-List] eBay bidding

["MIKE DIAN HATHAWAY" <mhathdway@xxxxxxx>]

All-It seems to me that the way to secure your bid on eBay goes like this. 
You see a thing. You want that thing. Call it a muffler bearing for a 1937 
Henway, and they don't make those muffler bearings anymore. So, you want to 
pay $5. You bid $5 and set your max at $1,000,000. Now, you'll never have to 
pay more than the $5, and if someone else wants it just as bad, they'll have 
to pay $1,000,001. But you won't have to pay it, unless you again raise your 
max, which might not be higher than the other person's max, who sets it at 
$1,000,000,000. Playing the same game. The vicious-circle is in place, and 
seems like the whole auction concept is defeated. Or am I missing something? 
- Mike   And BTW, go ahead ask What's a Henway if you want.

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