Good points by Jeff and Steve about maximum bids. I agree that maximum bids are not a great option if you are bidding on several lots and you have a certain amount of money you are willing to spend in the auction as a whole...because if everything goes to the max, you will probably spend more than you have allocated.
I was just throwing it out there as a possible strategy but my preference is for lot-by-lot closing like Heritage does and like REA does now (although REA starts their individual lot closing a little on the late side for me...he says, while posting to the board at 12:20 AM).
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Last edited by molenick; 10-31-2022 at 10:21 PM.
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