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-   Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used (http://www.net54baseball.com/forumdisplay.php?f=5)
-   -   Hey, pennant guys (http://www.net54baseball.com/showthread.php?t=183684)

Vintagedeputy 10-31-2025 08:20 AM
Quote:
Originally Posted by UKCardGuy (Post 2547299)
As this is a buy it now listing, I don't think I'm in danger of outing an auction.
That’s a fantastic pennant! Thanks for sharing!

Since we’re talking about auctions, I wanted to ask the group an opinion on something. Once again, I’m following an auction with some great vintage pennants and once again I am perplexed by the auction strategies of others. Now I understand there are people who may be headed out of town, or on a cruise or somehow tied up when an auction is due to end and they’re not able to bid, but for the life of me, I can’t understand why people continue to bid items up over the course of an auction. Is it a pride thing that you have to have the highest bid currently?

If I see an item, I’m interested in, I make sure that I know when it ends and in the remaining seconds, I fire off my absolutely best bid. Usually that seems to work for me, but I can’t understand why people will jack up the price prematurely. Am I missing something?

perezfan 10-31-2025 12:45 PM
Quote:
Originally Posted by Vintagedeputy (Post 2547328)
That’s a fantastic pennant! Thanks for sharing!

Since we’re talking about auctions, I wanted to ask the group an opinion on something. Once again, I’m following an auction with some great vintage pennants and once again I am perplexed by the auction strategies of others. Now I understand there are people who may be headed out of town, or on a cruise or somehow tied up when an auction is due to end and they’re not able to bid, but for the life of me, I can’t understand why people continue to bid items up over the course of an auction. Is it a pride thing that you have to have the highest bid currently?

If I see an item, I’m interested in, I make sure that I know when it ends and in the remaining seconds, I fire off my absolutely best bid. Usually that seems to work for me, but I can’t understand why people will jack up the price prematurely. Am I missing something?
It is perplexing. Why drive the price up unnecessarily? Beats me. Maybe the item already sits near their max ceiling, and they want to get that bid in while it's still affordable to them? Cannot think of another logical reason, as those early bids rarely, if ever hold up.

bocca001 10-31-2025 02:05 PM
Does it really drive up the selling price if these bids we are talking about are nowhere near where the auction is likely to end? I guess I'm not convinced that any of this really ends up impacting the final price unless something falls through the cracks (i.e., is not seen by the people really willing to pay more). The final price is only determined by the last two (two highest) bidders. If five bidders are bidding in the hundreds for a few days on an item and then Mark and I come in bidding in the thousands, those earlier bids are immaterial. If I bid $900 on a T206 Wagner, am I really running up the price?

Like Mark said, I'll sometimes put in a bid on something that is likely to go higher because that bid is the highest I can go. Those bids rarely ever win and I know it, but I have had them win in the past. When I did not win, I don't see myself as having run up the price, especially when the final price is a good bit higher.

perezfan 10-31-2025 07:19 PM
Quote:
Originally Posted by bocca001 (Post 2547396)
Does it really drive up the selling price if these bids we are talking about are nowhere near where the auction is likely to end? I guess I'm not convinced that any of this really ends up impacting the final price unless something falls through the cracks (i.e., is not seen by the people really willing to pay more). The final price is only determined by the last two (two highest) bidders. If five bidders are bidding in the hundreds for a few days on an item and then Mark and I come in bidding in the thousands, those earlier bids are immaterial. If I bid $900 on a T206 Wagner, am I really running up the price?

Like Mark said, I'll sometimes put in a bid on something that is likely to go higher because that bid is the highest I can go. Those bids rarely ever win and I know it, but I have had them win in the past. When I did not win, I don't see myself as having run up the price, especially when the final price is a good bit higher.
Well that's a good point you make about not ultimately driving up the price with early lowball bids. But I still don't see the point, unless the item in question is already sitting near the max you want to pay. I'm glad you've won a few things that way.... I honestly don't think I ever have! :o

Lucas00 10-31-2025 07:46 PM
I believe a popular resellers tactic for years was to put a Max Bid in as soon as the auction opened at 3/4 of the items value or whatever the resellers thought made sense to flip the item. And did it to hundreds of lots. If they won a few, Win. If they lost them all, it cost them half an hour of clicking and zero dollars. 90% of auctions I feel like that's what I'm bidding against.

I guess in theory constantly bidding and instantly being out bid for 10 bids straight might scare some people off. At least that's what I assume they think.

Hankphenom 11-01-2025 11:20 AM
Quote:
Originally Posted by Lucas00 (Post 2547429)
I believe a popular resellers tactic for years was to put a Max Bid in as soon as the auction opened at 3/4 of the items value or whatever the resellers thought made sense to flip the item. And did it to hundreds of lots. If they won a few, Win. If they lost them all, it cost them half an hour of clicking and zero dollars. 90% of auctions I feel like that's what I'm bidding against. I guess in theory constantly bidding and instantly being out bid for 10 bids straight might scare some people off. At least that's what I assume they think.
That just sounds to me like dealers trying to make money buying and selling, which is what they do. I did that for years on eBay and other auctions, and did pretty well. I thought of it as bottom-feeding, and I relied on enough things falling through the cracks to make the effort worthwhile. Nothing diabolical about it, just common sense. Your antidote as a collector, of course, is to bid up to or over the item's market value, which I wouldn't' be able to compete with.

Lucas00 11-01-2025 12:26 PM
Quote:
Originally Posted by Hankphenom (Post 2547461)
That just sounds to me like dealers trying to make money buying and selling, which is what they do. I did that for years on eBay and other auctions, and did pretty well. I thought of it as bottom-feeding, and I relied on enough things falling through the cracks to make the effort worthwhile. Nothing diabolical about it, just common sense. Your antidote as a collector, of course, is to bid up to or over the item's market value, which I wouldn't' be able to compete with.
I'm not saying it's a terrible thing, at least real time and money has to be spent. It is annoying because even collectors like to get a deal every now and then, and that is pretty much non existent now.

I much muuuuuch prefer this to an old lady bringing 100 grand in cards to a dealers booth and they buy everything for 500 bucks.

Hankphenom 11-01-2025 04:56 PM
Quote:
Originally Posted by Lucas00 (Post 2547470)
I'm not saying it's a terrible thing, at least real time and money has to be spent. It is annoying because even collectors like to get a deal every now and then, and that is pretty much non existent now. I much muuuuuch prefer this to an old lady bringing 100 grand in cards to a dealers booth and they buy everything for 500 bucks.
Understand. Of course, the imaginary story by Mark Twain about your little old lady is that she spent the rest of the day gleefully telling all her friends how she fleeced this stupid fat guy at the show out of all that cash for these worthless old cards. "A fool and his/her money are soon parted," etc.

Lucas00 11-01-2025 05:56 PM
Quote:
Originally Posted by Hankphenom (Post 2547525)
Understand. Of course, the imaginary story by Mark Twain about your little old lady is that she spent the rest of the day gleefully telling all her friends how she fleeced this stupid fat guy at the show out of all that cash for these worthless old cards. "A fool and his/her money are soon parted," etc.
Not really a good juxtaposition at all in my opinion. Dealers are experts. I know in some professions like pawn shops it's illegal to take advantage of people if you know the true price. I don't want to derail a thread like this, so this'll be my final opinion on it.

bocca001 11-01-2025 06:00 PM
For me, it's like Mark said. It has to be near the max of what I would pay. In this type of scenario, I don't keep increasing a small bid once someone passes me. And, yes, it's like getting something that falls through the cracks. I don't use any kind of automated sniping service and I can been too busy to watch items like this when they are closing. So I don't necessarily wait until the last minute to bid. But I don't really see it as running up the cost. It is what I am willing to pay.


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