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Posted By: Matt

If there is a lot that you know exactly how much you are willing to spend on it, what have you found to be the best tactic for winning the lot?
Do you:
1) Put that bid in early as a straight bid and hope to scare others away at the risk of paying more then it might have gone for?
2) Put that bid i early as a max bid to discourage interested parties since they will get outbid with their early bids?
3) Wait until the last hours of the auction to make that max bid in hope that the competition won't want to get into a serious bidding war at the last minute?