Quote:
Originally Posted by GeoPoto
"High opening bids don't mix well with auctions requiring you have a bid in in order to bid in extended time."
I don't follow this -- isn't the only reason to be eligible for extended bidding so you can top opposing bids in overtime? Why would any bidder who wanted to bid in overtime be scared off by having to top the existing pre-overtime high bid?
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I place dozens of bids on items I don’t really intend to go after in extended bidding. Having a bid in gives me the option to go after things at the end, depending on numerous factors, including the price at the time extended bidding starts. If the starting bid is real high, one may fear that they end up winning it at that price when the intent of bidding initial was not to win but to preserve the ability to bid later in the event you want to win it