Re: NY Auction Bidding Legislation

[Fred Schreiber <ekslibris@MAC.COM>]

Edward Levin:

Please bear in mind that the amounts the two Kevins mentioned were
also hypothetical -- not to be taken TOO literally.

Wouldn't it be wonderful if we booksellers could buy our books by
obtaining them at 25 cents to the dollar!

Fred Schreiber
email: books@ekslibris.com
http://www.ekslibris.com


On Aug 21, 2007, at 3:37 PM, Edward Levin wrote:

> Somehow, I'm not sensing the same degree of indignation about the
> ethics/morality of our hypothetical bookseller offering our
> hypothetical private seller only 25 cents on the dollar. As to
> which is better, at least Example A offered a transparent market
> transaction and the possibility of a price closer to fair market
> value.
>
> That said, I'm delighted that Kevin got such a good deal either way...
>
> Edward Levin
>
> > Kevin Kelly writes:
> >
> > A. Kevin buys book at auction for $500 and sells for $2000.
> > Consignor gets
> > $340.
> > B. Kevin buys book from seller for $500 and sells for $2000.
> > Consignor gets
> > $500.
> >
> > Which is better?