Archived posting to the Leica Users Group, 2003/01/10

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Subject: RE: [Leica] FS -- For those in need.
From: "Austin Franklin" <darkroom@ix.netcom.com>
Date: Fri, 10 Jan 2003 09:58:23 -0500

> I never understood why
> one has a starting price lower than the reserve price: Perhaps
> somebody can explain the logic, if any, to me.

Chris,

It's called a "stupid human trick".  The theory behind it, in theory, is
people bid, though don't make reserve, this bidding causes others to
bid...and those who have bid to have a "stake" in it, and they re-bid...and
as you can see, it causes complete anarchy, fights break out...people are
arrested and like my mother always told me ... someone gets hurt.

Regards,

Austin

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