Quote:
Originally Posted by BeanTown
Exactly, thus I will make a small bid back at him or even jump the bid. But bottom line is the bidding war has begun and that only benefits the consignor and auction house.
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But you said at first that you have a budget, hence not wanting to do a large increment. So you are unable to continue the bidding war and the auction house makes less.
Small increments or large increments even out in the long run.