[Archive]

Posted By: Ted Zanidakis

You know better than that; as, you always come up with some neat stuff......But, I refuse to bid on
other auctions until they modify their bidding increments. Maybe you should give this (lower the bid
increment) a try in your next auction

And, to answer your 1st posted question here....it's really a "catch 22" whether lower bid increments
would have prevented me from winning your large Sovereign lot. Upon seeing that lot of 348 cards
(262 Sovereign's) in person, I would've bid up to what it would take to win it.

Another factor to consider when bidding at 10% increments is that many times unrealistic high prices
will be realized on a given card (or item) simply due to this compounding effect. And, unfortunately in
many cases, this will set a new "highwater mark" for that item that is not necessarily representative
of its real value.

Confuscius says...."COMPOUNDING is good when saving $$$$....not good when spending $$$$".

TED Z