Is it just me ...

[Eric Smith]

William wrote:
> I believe that both you and Eric missed the point of my remark, which
> was simply that there was in each case another individual who was
> willing to pay essentially the same price at which the auction closed,
> therefore there was a market, however small, in which the exhorbitant
> closing prices of those G-15 document auctions was in fact the "correct"
> market price.

That's not what you said.  You said:
> In all fairness, the prices he pays are only marginally more than the
> runner-up bidder,

Literally true, but only because that's always true on eBay.

> so he's not the only one driving up the prices.

Also literally true, but you seemed to be trying to imply that if an
eBay auction has one person bidding $x for an item, that adding
a second person bidding at $x doesn't drive up the price, which is
false for the reasons I gave previously.

Eric