Quote:
Originally Posted by JackW
"almost everyone has put in their best bid and gone to bed"
If you know an auction is going to end at midnight and you are the current high bidder, why not put in your best bid at 11:58 or 11:59? Then if you get "sniped" you will know the sniper beat your best bid? It seems like people who got beat late last night are lamenting they didn't place their highest bid but are blaming how the auction ended. I would much rather place my absolute best bid when I know it's going to be "out there" only for 1 or 2 minutes as opposed to some unknown or unstated auction closing time.
|
Fair, but I would argue that being human some of us don't know what their absolute best bid is until we know that unless we make it, we will be outbid. To say it another way, and this often happens to me, I cannot answer in the hypothetical (which is what a top bid is when it is the high bid when made) how high am I willing to go.