Quote:
Originally Posted by egbeachley
Yep, the one example that makes no difference and supports your case. How about this.
Your highest price is $1,000. Someone is willing to pay $500 so you should win it at $510. But shiller boosts it to $999. You win for $1,000.
Now repeat 10 times per year with the $500 being some other number either higher or lower, doesn’t matter. My preference is to win all 10 auctions at a total cost well below $10,000. I might even be able to buy more than 10 items that year.
You are being an enabler and are being preyed upon. The rest of us put in max bids hoping and expecting they will go for less.
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Pretty much blew you own argument out of the water with your very last sentence.
"The rest of us put in max bids hoping and expecting they will go for less."
Me too!! ain't that funny. I set it and don't care, you set it and care. Laughable.
Nice talk,
Butch Turner.