Quote:
Originally Posted by CW
I am trying it for the first time myself in the upcoming Heritage auction. I have placed a perfect bid amount where one more bid will cause the buyer to overpay 
...I'll let you know how it turns out in 11d 10h 47m....  |
Don't laugh, that is a viable strategy that I try to employ. A strategic bid can dissuade others from going into a card, especially where the bid increments are fixed sums rather than set percentages of the last bid. Take REA for example, which uses a fixed dollar increase. If you have a $500 bid, the next mandatory increment is $100 [20%]. Which equates a price jump with BP from $592.50 up to $711.00. If the item has a retail of around $700, by occupying the $500 tier you force the next guy to 'overpay' for the item.
The other thing that works when an auction allows a straight bid, like Legendary, is to play king of the mountain. I will sometimes place a straight bid rather than a max bid to prevent bargain hunters from pot-shotting my bid at a low number because the fewer people who place initial bids the less competition there is in O/T. If I get lucky, no one bids and the item closes at my straight bid. Of course, the art is not overbidding...