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Old 06-07-2007, 07:19 PM
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Default Mastro & Other auctions..why the 10% bid increments??

Posted By: rand

what i was generally trying to say is...if a card is $1000 and the next bid is $1100 (10%) + 20% Juice = $1320, i wasnt thinking so much of the juice on the original $1000, but that if you wanted that card you have to be ready to literally go up 30% for the next bid..meaning $1000 to $1320... now i realize some people focused more about the math..i was trying to say it would benefit the consignor, auction house, and bidder if the jump was smaller, because alot of people won't make the next bid due to the spread. if there was an inbetween amount, it may be utilized more often than not. ***for the guy who asked me if i was a financial consultant....thanks for the sarcastic remark, but you didnt answer the original question, which was, "does it benefit the consignor?"

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