Posted By:
Rick McQuillanI work for the government, and this is how we figure it. Let's say that I can go somewhere and purchase an item for $1000. Because we are the government, we can't just purchase it, it has to go out for bids. So, we put it out for bids, add in all of the government regulations, the union rules, the built in costs of the bidding process, and the 2 years of waiting for the contract to be awarded, and now the item will cost us $6000.
If anyone has any VG T206 commons that they want to sell for $4000 each, please let me know. I will put it out for bids and get back to you in 2-3 years. 
All jokes aside, I don't have any problem with the 10% rule. I have been at "live" auctions where the auctioneer is trying to squeeze the last quarter out of the bidders and the auction goes on forever. If you know what the card is worth, and how much you are willing to pay, then it doesn't matter whether the next bid is 5% or 10% higher.
Rick