Krellm7-
But, geez, what if there is only one bid? Since BZB is a retail shop, would he post a minimum bid that was lower that what he was really willing to sell for? Since he is the only importer, ya think he might be able to arbitrarily manipulate what the "retail" price is? Do you really think, that if anyone wanted these, they would engage in a bidding war when the seller seems to have a large supply and has posted a minimum bid of $700?
Your understanding of auction economics is rivaled only by your idolatry of form over substance.
But, geez, what if there is only one bid? Since BZB is a retail shop, would he post a minimum bid that was lower that what he was really willing to sell for? Since he is the only importer, ya think he might be able to arbitrarily manipulate what the "retail" price is? Do you really think, that if anyone wanted these, they would engage in a bidding war when the seller seems to have a large supply and has posted a minimum bid of $700?
Your understanding of auction economics is rivaled only by your idolatry of form over substance.