[sdiy] EMS Synthi 100 insanely rare analogue synthesizer

[Needham, Alan]

Sorry, not what I understand of the system...
http://www.ebay.co.uk/itm/EMS-Synthi-Matrix-Pins/131619714504?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D33745%26meid%3D30892954e2484e43b2fc1f5858e338d2%26pid%3D100005%26rk%3D3%26rkt%3D6%26sd%3D301757735684
The above IS "buy it now or best offer" (one pin for 20 quid - ouch!), there are two buttons.

This Synthi 100 has ONLY one button - "buy it now"!
The few times I have seen what you describe, the buy it now option disappears if anybody places a bid below that.


-----Original Message-----
From: mskala at ansuz.sooke.bc.ca [mailto:mskala at ansuz.sooke.bc.ca] 
Sent: 07 October 2015 08:25
To: Needham, Alan
Cc: rsdio at audiobanshee.com; KA4HJH; sdiy
Subject: Re: [sdiy] EMS Synthi 100 insanely rare analogue synthesizer

On Wed, 7 Oct 2015, Needham, Alan wrote:
> But your description would require "buy it now OR BEST OFFER" - this is just "70k or no deal"

I don't think that's what "Buy It Now" means in the context of eBay.

Setting a BIN price means the seller is willing (and commits) to terminate the auction and sell immediately at the BIN price.  Having an auction at all means they're willing to sell, at the end of the auction, at the price set by the auction.  A minimum price below which they're not willing to sell would be called a "reserve" and shown as part of the auction rules; it's not at all the same as BIN.  In fact, it's more like the opposite:
BIN is like a *maximum* price, because someone willing to pay it would presumably do so instead of bidding in the auction.

--
Matthew Skala
mskala at ansuz.sooke.bc.ca                 People before principles.
http://ansuz.sooke.bc.ca/

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