Quote:
Originally Posted by pclpads
Conversely, I've never understood bidders who place bids when an auction is first opened and won't close for a week or more. Unless such a bidder puts a totally outrageous ceiling on the lot, he likely will be outbid and if it is truly a card he wants, will only end up bidding against himself as the auction closes, owing to bidding early.  |
When the AH requires you to have bid before the initial deadline in order to participate in extended time, it's just a way of making sure you're in the mix. It's pretty smart marketing because it does ensure a lot of early bids. Also, when the AH has large bidding increments and it's pretty obvious in what range the item ultimately will sell, it may indeed make sense to lock up the level you want to be at early on.