How fair is this?


I just noticed a interesting auction. The seller states that his item is listed on both Audiogon and Ebay. And which ever site gets the highest bid, wins. Maybe its just me, but I am hoping he gets no bids on either site.
azstereo
Me,I would look for the same item in the "used",here. Unless you think you can do better playing both ends against the middle---'Cause that's what the seller is doing.
A bigger question would be--does Audiogon and Ebay approve of this?

No they don't...this is from eBay.

You are agreeing to a contract -- You will enter into a legally binding contract to purchase the item from the seller if you're the winning bidder.

If the AudiogoN ad were not an auction, but rather a for sale ad, it wouldn't be as big of a deal (to me).

Brian
I saw the post also - 2 auctions for only 1 item is going to leave someone out in the cold.
That's BS! If I win an auction, I expect that item. If I don't get it, I'm leaving bad feedback.

Seandtaylor99 I'll bet you'd be singing a different tune if I was a buyer and you were selling an amp and I was playing you against another seller.
Az...

Before jumping to any more conclusions, let's clear something up: Are both listings auctions, or is one of them a for-sale?

I assume that the listing on eBay is likely an auction, right? I mean, it could be a storefront "For Sale" item, but most likely it's an auction. If someone bids on the eBay auction and is the high bidder over any Reserve Price, then there is indeed a contract between the buyer and seller.

But is the Audiogon listing an Auction, or is it a For Sale? Big difference. If the Audiogon *auction* closes above any reserve price, then there is a contract to exchange, as well.

But you say that this item is "listed" in both places. What if it's an "auction" on eBay but a "For Sale" listing on Agon? No conflict, in that case. If there's an eBay win, the Agon listing can be cancelled. If it sells first on Agon, then the seller can cancel the eBay auction listing, although it's more difficult and a bit dubious to cancel any existing bids.

As a seller, I might certainly choose to *list* in multiple places, but I'd completely avoid running two different *auctions* concurrently. And I'd avoid buying from anyone who does this.