Comments on: Auction v. Garage Sale: A case study http://johndschultz.com/auction-v-garage-sale-a-case-study/ auctioneer, runner, sports fan Sun, 27 Mar 2011 19:16:46 +0000 hourly 1 By: John D Schultz http://johndschultz.com/auction-v-garage-sale-a-case-study/comment-page-1/#comment-1903 John D Schultz Mon, 19 May 2008 09:37:00 +0000 http://johndschultz.com/?p=172#comment-1903 Joe, I couldn't agree more! Auctions truly are the "best" method for buyers and sellers to meet in the middle. The buyer doesn't pay more than what another buyer is willing to pay, and a seller is assured of a price that was competitively achieved in an open market. Joe, I couldn't agree more! Auctions truly are the "best" method for buyers and sellers to meet in the middle. The buyer doesn't pay more than what another buyer is willing to pay, and a seller is assured of a price that was competitively achieved in an open market.

]]> By: Joe Petsick http://johndschultz.com/auction-v-garage-sale-a-case-study/comment-page-1/#comment-1902 Joe Petsick Fri, 16 May 2008 23:07:00 +0000 http://johndschultz.com/?p=172#comment-1902 To expand on your last point, a transaction occurs that rarely causes buyer's remorse, which most everyone suffers to varying degrees during a retail transaction. The seller (auctioneer) enters into the arrangement believing they can create a market and get perhaps an appraised price, or even better. The buyer (bidder) enters into the arrangement believing he/she is in control of the price they are willing to pay. Once the transaction is complete, both parties walk away without remorse, as they each believe they "won." To expand on your last point, a transaction occurs that rarely causes buyer's remorse, which most everyone suffers to varying degrees during a retail transaction. The seller (auctioneer) enters into the arrangement believing they can create a market and get perhaps an appraised price, or even better. The buyer (bidder) enters into the arrangement believing he/she is in control of the price they are willing to pay. Once the transaction is complete, both parties walk away without remorse, as they each believe they "won."

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