Buying and Selling of feedback


Today I saw the second auction where the seller states something to this effect "if you don't come through with payment on a winning bid, you can give me $xx (or a percentage of the bid) and back out without negative feedback posted. otherwise, negative feedback will be posted.

This seems like extortion to me. Also, aren't the rest of us entitled to know about a deadbeat bidder (via negative feedback)? The posting of negative feedback is the correct recourse for a deadbeat bidder - not a bribe or "fine".

I think this behavior undermines the feedback process. What do the rest of you think?

Just curious.
dozer
I agree. Although I can understand the reasoning for this position in an auction your point is valid and, IMHO correct.
I being a dealer who does sell a lot of products on Audiogon have on occasion had customers back out. I have been offered funds in the past and refuse to take any money.
My experience has been that usually when a customer backs out it is because they misunderstood something or they have a very good reason. It is more important to me and I hope to most members of Audiogon that everyone have many positive experiences. An occasional mistake should be forgiven.

Personally I never want a consumer to purchase anything that they do not want. I also have not given anybody any negative feedback. I believe negative feedback should be for people who misrepresent a product or are less than honest in a transaction. I have found that to be rare in Audiogon.

If a winning bidder has to on a rare occasion back out the second highest bidder is normally excited to have the opportunity to purchase the item or you can relist it.

We are a very small community and harmonious relationships
will benefit us all.
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A Sanctuary of Sound seems like a class act. This does sound like another Ebay type of thing and I expect it rarely happens here. Negative feedback should be deserved and I agree we should all go the distance to get along.