Re: Question about sell-3d etiquette

[P3D John W Roberts <roberts@xxxxxxxxxxxxxxxxx>]

>Date: Mon, 12 May 1997 17:02:39 -0500
>From: P3D Michael Kersenbrock <michaelk@xxxxxxxxxxx>
>Subject: Re: Question about sell-3d etiquette

>On another list, someone had gotten to to an item before me and
>that was fine.  I was too slow.  Happens a lot.  :-)   However the 
>original purchaser backed out and changed his mind.  The seller then 
>offered it to me and I accepted.  Next day I was told that the original 
>buyer had re-considered and wanted it again -- and that it was going 
>to be sold to him.  I considered that to be incorrect.  Once an offer 
>is rescinded, then the "ownership" given by being first is rescinded 
>as well.  I this particular case, the re-consideration was a separate 
>offer (and essentially "last").

I agree with your point of view.

I've had cases where several people sent in offers to buy at the asking price,
and the seller essentially told them that they should bid against each other.
If carried to an extreme, an unscrupulous seller could offer a Realist Macro
for $5, then play all the respondants against one another to get a very
high selling price. :-)

John R


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