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Auction Idiocy

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ratio411's Avatar
United States
1208 Posts
 Posted 12/20/2014  11:45 am  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
If auctions didn't create this effect in people, there wouldn't be auctions.
Classified ads would do the job fine, but ads don't create competition.
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jpsned's Avatar
United States
2212 Posts
 Posted 12/20/2014  3:28 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply

Quote:
jpsned: The term refers to a persons behavior. Strictly speaking, if someone allows their enthusiasm to cloud their judgement and then they act in a manner not in their best interest, well then that is the very definition of the word.

Quote:
"An idiot, dolt, or dullard is an intellectually disabled person, or someone who acts in a self-defeating or significantly counterproductive way. Archaically the word mome has also been used. The similar terms moron, imbecile, and cretin have all gained specialized meanings in modern times. An idiot is said to be idiotic, and to suffer from idiocy."

Quote:
"The word gentleman originally meant something recognisable; one who had a coat of arms and some landed property. When you called someone "a gentleman" you were not paying him a compliment, but merely stating a fact. If you said he was not "a gentleman" you were not insulting him, but giving information. There was no contradiction in saying that John was a liar and a gentleman; any more than there now is in saying that James is a fool and an M.A. But then there came people who said - so rightly, charitably, spiritually, sensitively, so anything but usefully - "Ah but surely the important thing about a gentleman is not the coat of arms and the land, but the behaviour? Surely he is the true gentleman who behaves as a gentleman should? Surely in that sense Edward is far more truly a gentleman than John?" They meant well. To be honourable and courteous and brave is of course a far better thing than to have a coat of arms. But it is not the same thing. Worse still, it is not a thing everyone will agree about. To call a man "a gentleman" in this new, refined sense, becomes, in fact, not a way of giving information about him, but a way of praising him: to deny that he is "a gentleman" becomes simply a way of insulting him. When a word ceases to be a term of description and becomes merely a term of praise, it no longer tells you facts about the object: it only tells you about the speaker's attitude to that object. (A 'nice' meal only means a meal the speaker likes.) A gentleman, once it has been spiritualised and refined out of its old coarse, objective sense, means hardly more than a man whom the speaker likes. As a result, gentleman is now a useless word. We had lots of terms of approval already, so it was not needed for that use; on the other hand if anyone (say, in a historical work) wants to use it in its old sense, he cannot do so without explanations. It has been spoiled for that purpose."


Allranger:

Fair enough. Point taken. But for me personally, I think calling someone an idiot or referring to their behavior as idiotic is too harsh and doesn't do anyone any good. I know if someone called me that, I'd be pretty angry. "Foolish" is a better, more accurate and less harsh term, I think. "Idiot" to me implies that the person has diminished mental facilities and can't do anything about it. "Foolish" just implies that they did something stupid and should have known better.

P. S. I appreciate your sensitivity to the nuances of words. Where did you get these quotes?
Edited by jpsned
12/20/2014 3:34 pm
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BStrauss3's Avatar
United States
4593 Posts
 Posted 12/20/2014  4:38 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Remember, an auction does not exist to excite feverish ill-considered bidding.

An auction is designed to find the perfect balance between buyer and seller (assuming perfect information). An example is the open-outcry of the stock market.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Bas S Warwick's Avatar
New Zealand
526 Posts
 Posted 12/20/2014  7:25 pm  Show Profile   Bookmark this reply Add Bas S Warwick to your friends list Get a Link to this Reply
.

....have the willpower to not go over the maximum you were prepared to pay......I just walk away if that happens to me.
Max is max.

Valued Member
United States
337 Posts
 Posted 12/20/2014  8:05 pm  Show Profile   Bookmark this reply Add Henry M Smith to your friends list Get a Link to this Reply
Why do I watch items sell high, one after the other, and when I list the same kind of item it gets ignored? where are these bidders when I list?
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Bas S Warwick's Avatar
New Zealand
526 Posts
 Posted 12/20/2014  9:17 pm  Show Profile   Bookmark this reply Add Bas S Warwick to your friends list Get a Link to this Reply

Quote:
Why do I watch items sell high, one after the other, and when I list the same kind of item it gets ignored? where are these bidders when I list?


Could it be something to do with building up a following?
Or the number of feedbacks giving people a false sense of security?

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pocket change 50's Avatar
Canada
1751 Posts
 Posted 12/21/2014  7:19 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
@ all ranger, I appreciate the time you've taken to post the definitions, I learned some facts that I found interesting.

Yes one needs to be careful in wording a forum post or any other written work. We take for granted the power of words to offend. It seems the online trend today is to be rude. I notice this, by listening to my fifteen yr old son when he games online. The language used is so rude and atrocious; it's little wonder there's so little respect in the society of the 21st Century. This is a very sad comment on the direction of society in general.

Sometimes I read utube comments and I'm appalled by what is written!!
Edited by pocket change 50
12/21/2014 7:20 pm
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jbuck's Avatar
United States
189340 Posts
 Posted 12/22/2014  10:09 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Sometimes I read utube comments and I'm appalled by what is written!!
Agreed. It is why we prefer to embed the videos posted here.
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ratio411's Avatar
United States
1208 Posts
 Posted 12/22/2014  10:27 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply

Quote:
Remember, an auction does not exist to excite feverish ill-considered bidding.
An auction is designed to find the perfect balance between buyer and seller.


That's what the auction houses want you to think. Everything they do, is designed to
create excitement, competition, and over-spending. Everything. Think about it. This
is how auction houses make money! The best, and most profitable, auctioneers are the
ones that can create this fever pitch buying competition.
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Joe2007's Avatar
United States
3843 Posts
 Posted 12/22/2014  11:11 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
I agree with ratio411. Some of the auctioneers around lay it on pretty think with their puffery to the point where they almost misrepresent the item.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 12/23/2014  06:48 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Back in the day I overbid quite a few times on ebay. I was new to the hobby, saw something that I'd not seen before or that was in better grade than the others I'd see. I had the money and wanted it and didn't much care how much I spent.

It's taken a good number of years for me to learn that few items are unique. Even unique coins (in that they are hand struck, so no identical ones exist) others of the same type or variety will normally exist and some will be in worse condition, but generally some will also be better.

I am on a more limited budget now so plan my purchases more carefully. I remember that if I want to keep upgrading my collection I need to sell off a few coins I don't want any more to fund it. So they'd better be coins others will find attractive and I can't have paid too much over the odds or I'll be waiting a few more decades before I get back what I paid!

But I still snap up any better than usual examples if I can. Others may see my purchases and think "Why the heck did he pay all that for a regular coin?" But of course, my experience now tells me that coin may be regular, but you won't find it easy to get another in that grade.

Sure. A lot of the time people may be spending more than they need due to inexperience. But they won't be the only ones that have done that. And sometimes they know more that we do and have good reason to pay what seems to be over the odds. Bidiots? Maybe. Maybe not.

Best not tar everyone with the same brush, eh?

Oh, and since it's getting close and I'll be working my last two shifts soon and I may not be posting much .. everyone here have a great Christmas, OK?



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Edited by Tom Goodheart
12/23/2014 06:50 am
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