Quote:
Originally Posted by Runscott
I don't really understand the outbid thing. I generally put in my ceiling bids and walk away - if anyone wanted to pay more than what the cards were worth, they were welcome to them.
What's the strategy behind putting in a bid below what you're willing to pay, and waiting to be outbid?
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Well, considering that there is an active federal grand jury investigation of the once biggest auction house committing massive fraud which included raising bids to the ceiling levels placed by bidders, I'd say "not getting defrauded" would be the strategy of choice.