CNBC’s Bob Pisani described his auction experience (bidding on 1970’s concert posters), with additional insight from a psychologist on why we do what we do during auctions
“Collectors will tell you that to be a successful long-term collector of anything, you must be disciplined. You must know what you are willing to pay for something, and not go over that price. You cannot be carried away by the emotion of an auction. You must be willing to walk away.”
https://www.cnbc.com/2022/10/20/bob-...investing.html