Originally posted by Wan-Fu:
I know many of us were trying to pick up the Metal Slug US Cart on ebay but the seller cancelled the auction and sold to an outside party:
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1205149694
I hope whoever got it is a collector and not a reseller who is going to hike the price up and sell to the desparate people out there. I know its a free market and all but dammit this makes me mad!
I know people aren't crazy about this practice but it is LEGAL. An auction is a binding agreement ONLY when the auction ends. Therefore the seller has the right to remove bids as necessary if he has decided to sell the item to another buyer outside of e-bay. However, whether the seller has another buyer is debatable in all instances.
Besides, because of the fact that there is NO binding agreement before auction end, you could look at the ebay auction like a newspaper classified: The owner of the classified doesn't have to sell what he has at any price, and the buyer doesn't have to buy (obviously).
Also, do you really want to leave negative feedback for those sellers who cancel bids? I sure don't, because my rating would be in the negatives, that's for sure. I can't tell you how many people have bid on multiple auctions of a certain item, and it just happens that those deadbeat bidders will only honor the lowest price that he can get an item at. In these instances, I look for buyers who have patterns of bidding for the same item in multiple auctions. If they attempt to participate in my auction, I cancel their bid.
I'm not saying the concept of the seller cancelling bids is perfect, but it has its pluses.
[This message has been edited by G! (edited January 05, 2001).]
[This message has been edited by G! (edited January 05, 2001).]