Quote:
Originally Posted by HotSpringsBaseball
Obviously we don't all agree on what incremental increases work best, but I think we can all agree on one thing... Eric believes higher increments are best and it all works out in the end!
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Not exactly. I disagree with the premise that smaller increments leads to higher ending values. I believe that for any particular auction, at times the smaller increment creates a higher ending value at at other times the higher increment creates a higher ending value.
But an advantage to higher increments, as others have said, is that it creates less "last-minute" bids which allows auctions to end earlier.