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Old 04-02-2022, 04:13 PM
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swarmee swarmee is offline
J0hn Raff3rty
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Just emotionally, the smaller bid increments would get more action from a larger variety of bidders, who are now invested in attempting to win the item. And rather than having to spend $250 to bump from $2,500 to the next bid, they can go less than half of that and take the lead.
Kind of like when you watch Storage Wars on TV and they're going $500, $600, $700, then bidding slows down and the auctioneer accepts a bid at $750 rather than calling SOLD at $700. Locker might still get one or two increments and sell for $800-850 rather than the $700 if it weren't for that half-bid.
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