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		<title>Doomed by eBay</title>
		<link>http://www.salon.com/2000/11/01/ebay_6/</link>
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		<pubDate>Wed, 01 Nov 2000 20:28:00 +0000</pubDate>
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				<category><![CDATA[All Salon]]></category>

		<guid isPermaLink="false">http://www.salon.com/letters/daily/2000/11/01/ebay</guid>
		<description><![CDATA[By Claudia O'Keefe]]></description>
			<content:encoded><![CDATA[<p> <a href="/tech/feature/2000/10/27/doomed_by_ebay/index.html">Read the story</a> </p><p><b>W</b>hat did you expect? You got in on the ground floor of a new phenomenon, you made tremendous profits for doing something that requires little real skill (every grandmother in the world knows how to shop at garage sales) and you expect others to not join in? </p><p>Perhaps the market on eBay is glutted right now. It fits in with beginner's microeconomic theory about demand and supply lag. Perhaps over the next few months, if enough idiots who thought they could get rich quick (sorry, "enjoy a comfortable level of income") drop out of the eBay game, the amount of "collectibles" put up for sale will fall to sustainable levels. But until then, you should go around to used book stores and antique shops and ask the owners about their lavish lifestyles. If you want to make the big bucks, do something else.
<p align="right">-- Wes Dopkins </p><p><a href="http://www.salon.com/2000/11/01/ebay_6/">Continue Reading...</a></p>]]></content:encoded>
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