Quote:
Originally Posted by Vintagedeputy
I will never understand people.
I was watching a couple of auctions tonight for some really great vintage pennants. With an hour or two left in the auction people just kept bidding them up and bidding them up. What is the thought process behind that? Do you think you’re scaring other people away by bidding it up $20 or $30? The auction finally gets to a point where the price is absolutely unreasonable and there’s still hours left to go in the auction..and yet people keep bumping it up.
Do people enjoy paying more than they could have?
|
I’ve heard it said that the winner of any auction is actually the loser. By winning an auction, you have just demonstrated you were willing to pay more than anyone else on the planet. Outside of the hidden gems we sometimes find (usually due to poor descriptions, poor pictures or poorly listed), I think there’s some truth to this. We’re all a bunch of losers!
