Quote:
Originally Posted by rats60
All I know is the items I am trying to buy are not going down. An auction item sells for one bid over the second highest bidder. It could be that the differences in price is because of a lack of second bidder. On odd ball items, two bidders can drive a price up and a second auction close to the record sale could end a lot lower even though the underbidder on the first is willing to pay a lot more.
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This is the argument for private sales on scarce/esoteric items. If one person is willing to pay as high as X for a particular item and no other person is willing to pay over .5X then in an auction the item will go for one increment over .5X. In a private sale the item might go for X or very close.