Can someone explain this?
 

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

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

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.

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. :rolleyes:

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.

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

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.

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