Posted By:
DavidI don't know the specifics of the Joe Jackson auction, so my blabbering may not be applicable. My personal ebay rule is that if an item I have for auction has no bids, I will consider an 'off the board' buy/trade (except in unusual circimstances I pass on an offer, but I figure the person is trying to get it cheaper than normal). Once there is a bid on the item, they auction continues to its natural end. In one case, with an expensive item that already had bids, someone asked to buy it for a price I knew was higher than it would eventually go for. I passed on the offer and the same guy won the action at a lower price.
Other than my heavenly motives, I usually pass on deals like this because they're a hassle. If you want damn thing, win the auction.
Personally, this issue only comes up maybe once ever six months anyway.