Quote:
Originally Posted by samosa4u
Bob,
Yes, you read right.
We're all grown men here - not schoolchildren. Why do we need to bid ten times or more?
Hmmm, let's see ... 350 ... 400 ... hehehe ... 425 ... 450 ... oh dear ... 475 ... 499 ... 501 ... hohoho ...
A person bidding like that is either a) not serious about the item or b) shilling it up! Limiting the number of times an individual can bid on a particular item is a great idea and all the major auction houses should consider it!
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I totally disagree with this. Also, different auctioneers have different bidding rules and formats and call for different strategies. I bid multiple times on cards I really want and am really serious about all the time. In most auctions, I am worried about shill bidding and other shenanigans so I don't like to place my max bid until late.
In other instances or auctions formats, it behoves the bidder to put in a floor bid that is significantly higher than the next required step up in bidding to rule out a lot of non-serious buyers from being involved in the "extended bidding" period or whatever the auction house calls it.
The proposal you are talking about requires a lock-tight system where everyone is on the up and up - all other bidders, the auction house - everyone. That's not what we are faced with at all.