AH bidding behavoir
 

Seems like hardly anyone bids anymore until there is a day or so left in the auction. A piece of memorabilia that is $4,000 on Wednesday morning sells Friday night for $25,000. I guess the idea that if you are bidding early you are misguided and moving against your own self interest has really taken hold.

I think collectors have realized that long auctions don't really matter until the last day.

The time before extended bidding is just advertising to attract interested bidders who only need to place one bid.

+1 We are essentially just dogs marking our territory until the extended bidding begins. :)

I don't see why it would be necessary to bid any earlier than 2 days or less before the end of the auction. Some buyers look at the low current price and bid accordingly, while I have a set max that I'd bid no matter what it's at.

As some folks point out in a prior thread:

- sometimes coming out of the box with a high bid for a valuable item (say $25,000 on an item that is worth more than $50,000) can scare away dabblers and dreamers who may tune out and stop paying attention at the end. No, your not getting a $50,000 card for $50, and yes other people are alive and watching

- sometime on a high ticket item you maybe able to bid early with a max bid feature and lock in a sweet spot that might hold. (E.g, item may be worth $23,000 but may be unlikely to attract a bid at $27,000. So you lock in 25.

Always speculative stuff of course.

I've seen plenty of stuff in Goodwin and REA get very high pretty fast.