Posted By:
Ted ZanidakisExactly the point I have been trying to make on numerous posts on this Forum these past two years
Not only does....COMPOUNDED....10% bidding double the starting bid every 7 bids....it quadruples the
starting bid every 14 bids. Then, as you have clearly shown....it is FURTHER COMPOUNDED when they
include the "juice".
I've bid on several lots on this Huggins & Scott auction (which ends today and tomorrow); and, I was
pleasantly surprised to see that this auction has fixed bidding increments (as in Ebay)....that are con-
siderably less than the usual 10%.
This bidding feature will certainly motivate me to participate more in their auctions. I have stopped
bidding in any auction that requires 10% bidding increments.
TED Z