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The Trademe Game

Posted on 6-Oct-2005 05:20 by M Freitas | Filed under: Blog


Early morning (ok, not so) here in Santa Clara, and I am reading my RSS feeds before I leave for the WiCon Americas 2005 happening around here in the Santa Clara Convention Center.

One post in the list caught my attention. Not so much for its mobility value, but because it shows how crazy things are - the value of anything is related to the desire or need of someone for that something (ok, basic stuff again). But Tim Haines shows this in his blog entry The Trademe Touch.

Funny stuff: Trademe is a New Zealand auction site, the incumbent in that market. A group of friends decided to invest $10 in a garage sale item, sell this item on an on-line auction and then reinvest the money raised in another two subsequent auctions. Apparently the guy with "magic touch" spent only $2 on the first item and is already ahead of the pack.