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Posted By: barrysloate

As I think about it maybe the best strategy when one sees a lot like this is to immediately place a bid around 40-60% of its estimated retail value. You can't lose at that level, there is plenty of time to come back if you are interested, and it keeps sellers from closing these auctions early. I know nobody likes to tip their hand the first day, but it might actually improve one's chances of winning. If the auction closes early, your chances are zero. In any other scenario, they are at least better than zero.