Quote:
Originally Posted by bn2cardz
It is rude because I would rather know now that someone will be outbidding me. Doesn't mean it isn't strategy, but it feels rude. I would like to know now.
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I love the sincere honesty of your post.
I think we overanalyze the auction houses' strategy. They are trying to maximize bidding, and one great way to do that is to make it 'fun' for the bidders.
Not saying the late-night lot-by-lot strategy should be fun - only that it is for some people and gets them to bid when they probably shouldn't. On big nights where I am interested in lots of items, I settle down with a bottle of red wine and a movie, and have a great evening. If I want to be smart about things, I figure out my ceiling bid way in advance, place it and walk away. But I'm rarely that smart.