Quote:
Originally Posted by x2drich2000
While I'm not going to say there might not be an issue with some auctions, the AH placing automatic bids early doesn't make a lot of sense since they are also then limiting the number of potential bidders putting who may put in placeholder bids. I can also say it is not uncommon for me to go through the day an auction opens and put in a bid, and sometimes a bid several increments up if the opening bid is really low, on a majority of the card lots. Often I'll put in bids on lots up to say 50% of what I believe a lot should sell for with the idea to limit the number of other bidders. As someone who is willing to buy just about anything when the price is right, I do that to keep my options open during extended bidding when i go through looking for bargains. Have 2 or 3 people like me doing that and it is easy to see how you could get outbid immediately on multiple lots.
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I know what you're saying, but it felt more like I was bidding against hidden reserves. You may well be correct, but this was a vast array of items that were in no way related. Much of it being obscure stuff with limited mass appeal. I've bid in hundreds of these auctions over three decades, and never encountered an opening day shutout like that one. Weird.