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Legendary Auctions Extended Bidding
This is my first time bidding in at Legendary Auctions. I was looking at the rules and I noticed that they don't let people change directions if they are outbid after 9pm on ending night. For instance I have a bid in on a lot that is very similar to another lot. If I lose out on the one I am bidding on I would love to change my focus to the other lot (or another one that isn't even similar on my watch list) but that only works if I am outbid before 9pm Thursday.
Is there a reason it is done this way? Do most people prefer this method or have you lost out on winning anything because of this set up? |
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Leon Luckey |
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It may be trying to get people to bid on certain lots sooner, but I like the idea of keeping all lots going in extended bidding for anyone who has placed a bid on at least one auction. Last edited by bn2cardz; 02-26-2013 at 10:23 AM. |
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Leon Luckey |
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I wish I would have put my initial bid on the rarer item instead of the more common one. The rarer item is more expensive and I didn't talk to my wife about it prior to the first item already had my money directed that way... maybe she will be okay with me winning both. UGH! I just wish I could bid on a new lot later if I lose out later. |
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There is no perfect solution for ending an auction. All of them have pluses and minuses.
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Leon Luckey |
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I usually try to put a bunch of placeholder bids very early in the auctions to give me more flexibility. This strategy works better for auctions where all lots end at the same time rather than the 30 minute rule auctions like Legendary, H&S, and Heritage. You just need to make sure that starting price of the lot isn't so high that it might be the only bid on that item and win the lot if you're not prepared for it.
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