So what’s the need behind “make me an offer” sales? I think the most likely use case scenario is a seller who wants to gauge the market, and sell to the highest bidder, or some combination of highest-ish bidder and value (whether it’s getting in good graces, getting ahead in a dibs line, etc.)
That sounds about right. Is there some reason that it's
bad or
wrong for a seller to want to find out how much his chips are worth, and ensure that his chips go to whoever is most willing to offer some value (whether money, chips, or goodwill)?
It’s a blind auction that puts all the power in the hands of one party, the seller. WE’ve actually seen more than once recently where sellers have actually gone out of their way to inflate the interest/price of chips, by privately telling chippers what interest they’ve gotten. I could only see this behavior increasing.
By "privately" do you mean "fraudulently" ? As in the seller lied about receiving other offers?
Okay, sure, I can see that that's antisocial behavior and we'd want to have ways to avoid it from happening. But that can take place in purely private sales as well, sales where the original interest was done via PM rather than in public. Dictating that all offers stemming from a public sale must likewise be in public is unenforceable and largely pointless; liars are gonna lie. Meanwhile eliminating make-me-an-offer sales keeps chips off the market, hinders price discovery, leads to easy abuse and exploitation of infrequent sellers and casual PCF readers, and encourages the development of closed networks.
And all of this is besides the point. You can do so many different sales still.
You can run a sale and leave it up for drawing. You can run it with varied prices for varied folks. You can run a sale as a reverse auction. You can run a sale as a buyer names the price. If someone’s looking for a particular way of selling, chances are they can still create that or a similar environment.
>You can run it with varied prices for varied folks
You can? That seems to run against the whole idea of "Sales ads must include a price".
>You can run a sale as a buyer names the price
Really? That also seems to violate the "must include a price" rule.
And if there are so many different ways to sell, why is the
one method that is most flexible, most satisfying to all parties, and most commonly-used everywhere else method banned? It makes no sense.