Can someone explain this?

[iwantitiwinit]

Did anyone see this auction? This is a New York not Washington portrait of Elberfeld in PSA 5 for $700. Also why are there 2 bids for 700 when you look at the bid history?

http://www.ebay.com/itm/1909-11-T206...p2047675.l2557

[frankbmd]

inexplicable

[Donscards]

On the 2 $700 bids the high bidder bid $700---the underbidder also bid $700 and ebay takes the first bid---anyone that bids now would knock off the $700 bid. Don

[Pat R]

No Idea, I was going to bid on this card but when I was checking the
end time it was already at $500 which was more than three times what
I was going to bid. A PSA 4.5 that was just as nice as this one sold for
$113 a few weeks ago. There are 59 in the PSA pop reports at or higher
than a 5. I wouldn't be surprised to see this card re-listed.

[savedfrommyspokes]

Originally Posted by Donscards

On the 2 $700 bids the high bidder bid $700---the underbidder also bid $700 and ebay takes the first bid---anyone that bids now would knock off the $700 bid. Don

Good reason to not bid at an even amount, I have a fair number of auction wins by bidding at just a small increment over an even amount... ie.$702.07, etc.

[JollyElm]

Originally Posted by savedfrommyspokes

Good reason to not bid at an even amount, I have a fair number of auction wins by bidding at just a small increment over an even amount... ie.$702.07, etc.

Shhh. You're giving away a secret.

[savedfrommyspokes]

Originally Posted by JollyElm

Shhh. You're giving away a secret.

The "secret" wasn't the point...the point is that I (continue to) win a fair number of auctions because I barely outbid the very small percent of bidders who don't execute this simple "secret" bid strategy.

[iwantitiwinit]

Yup great strategy overbid for a card by 500 so you can employ the "bid .01 over an even amount to win it technique".

[savedfrommyspokes]

Well at least the 3rd highest bidder (who only over bid the speculated value by $400) bid an odd dollar amount as their high bid ($605 vs $600) demonstrating some sort of bidding strategy. The 6 highest bidders, who all bid more than the speculated value, must all have known something that none of the respondents to this thread know.

[Leon]

Seems like a lot of money for that card, regardless of strategy.