Vax 4000/90

[vrs]

From: "Stan Barr" <stanb at dial.pipex.com>
> "vrs" said:
> > Items I still need, I will usually bid once early in the auction (in
case
> > anyone wants to honor my "dibs"), then enter a snipe for the actual
amount I
> > am willing to pay.  (Others seem to be using the same system.)
...
> So the auction becomes, in effect, a sealed bid tender.
> (I've bought things from the government that way.)

Very similar, except that I will generally end up paying a bid increment
over the second highest bid, which is likely to be less than the full amount
that I bid.

    Vince