> Last night I went along to an auction of 500 lots of computers.
> Hoped to pick up maybe one or two cheap low-end Pentiums
> I thought the bids would be around NZ$150 (US$65) to possibly
> NZ$750 (US$315). In total amazement I saw bids of NZ$2000
> (US$840) and started to think "hey, am I missing something ?"

> Anybody else seen this ? I'm having trouble understanding why
> on earth antiquated machinery that's had day-in-day-out use
> for 4 years would fetch such prices

Auctions lead to non-rational behavior?

I've seen used items on Ebay close for _more_ than the current
mail-order retail price for the same item in new condition!

I attend pinball & video game auctons.  Sometimes prices are
reasonable for the condition & age of the equipment.  Other
times, they are through the roof.  I haven't figured out a way
to tell until the bidding actually happens.

                                                Lee

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