Quote:
Originally Posted by griffon512
i've never understood the issue with "string bidding." why wouldn't a buyer want to increase the next bid the minimum amount in many auction scenarios assuming there is no bid retraction and the buyer pays? please explain.
as for the price of the matty, t206 prices of iconic hofers are outpacing the market, and the sgc 5 has better eye appeal imo than recent psa 5 sales in the mid 3k range.
we're seeing more examples of sgc cards getting psa prices in popular registry sets based on the eye appeal of the card rather than the grade or tpg company. that's a good thing for the hobby.
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It also can be used abusively to run up the high bidder, if the string bidder stops just below his max. Sometimes depending on the bid amounts you can tell when the next bid will top. There was at least one guy who did this all the time in PWCC and Brent was aware of it. That bidder is no longer active.
It also looks suspicious when it's done right out of the gate, nobody realistically is trying to win the auction on day one of ten but PWCC auctions have, or had at least, a lot of early string bidding.
So it depends on context.
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