AH bidding behavoir

[Snapolit1]

Seems like hardly anyone bids anymore until there is a day or so left in the auction. A piece of memorabilia that is $4,000 on Wednesday morning sells Friday night for $25,000. I guess the idea that if you are bidding early you are misguided and moving against your own self interest has really taken hold.

[Leon]

I think collectors have realized that long auctions don't really matter until the last day.

[rats60]

The time before extended bidding is just advertising to attract interested bidders who only need to place one bid.

[Sean]

Originally Posted by rats60

The time before extended bidding is just advertising to attract interested bidders who only need to place one bid.

+1 We are essentially just dogs marking our territory until the extended bidding begins.

[vintagerookies51]

I don't see why it would be necessary to bid any earlier than 2 days or less before the end of the auction. Some buyers look at the low current price and bid accordingly, while I have a set max that I'd bid no matter what it's at.

[Snapolit1]

As some folks point out in a prior thread:

- sometimes coming out of the box with a high bid for a valuable item (say $25,000 on an item that is worth more than $50,000) can scare away dabblers and dreamers who may tune out and stop paying attention at the end. No, your not getting a $50,000 card for $50, and yes other people are alive and watching

- sometime on a high ticket item you maybe able to bid early with a max bid feature and lock in a sweet spot that might hold. (E.g, item may be worth $23,000 but may be unlikely to attract a bid at $27,000. So you lock in 25.

Always speculative stuff of course.

[Peter_Spaeth]

I've seen plenty of stuff in Goodwin and REA get very high pretty fast.