Quote:
Originally Posted by sflayank
its a total fallacy...if the auction house rules were 15 minutes per lot or even 30 minutes per lot all the bidders would know that and bid accordingly....they want you to go to sleep and put in a max bid.....PERIOD...
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That is not my experience, Larry. Most times I have a pretty concrete budget I can work with for an auction. I have often gone into OT with high bids on several lots that were later knocked out, leaving me with available cash but nothing to bid on even though there were items I would have bid on otherwise. Conversely, in an auction like Sterling where all lots close at the same time, I have successfully shifted my 'action' to alternative lots when the ones I was high bidder on fell out.
ETA: Tom Morello is older than me but still way cooler...