quote:
I'm willing to pay the market price, but would be naive to pay it in these circumstances.
There is no true market value. An item is only worth what someone is willing to pay for it. What may be valuable to someone (for, say, sentimental reasons) is worth little or nothing to someone else.
quote:
This offer at the underbid price wouldn't happen at Sotheby's, Swann, etc. - the underbidding buyer would just laugh.
Unless he really wanted the item, in which case he would likely pay it. That is what second chance offers are all about. It is simply a matter of how badly one wants the item. Come to think of it, that is really what eBay is all about.
