[Archive]

Posted By: Eric B

Because it hurts the other half. If you are one of the $1,050 guys and you are high bidder at $1,020 you may lose it to a $1,080 guy but not if it was a 10% increment bid to $1,122.

Everyone always looks at it from "just one more bid at a smaller increment and I would do it". But sometimes you are at that point and a small increment gives it to someone else.

Overall it's a wash.