Quote:
Originally Posted by BobbyStrawberry
But if you aren't interested in it even at the minimum bid price, why would you become interested in it later when the price would the same or higher?
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I am interested in it enough to want to preserve the ability to pursue it on the last day of bidding. I only bid on things I may end up buying, albeit the likelihood of me going after some is pretty remote.
Scott, well said. Exactly. However there are numerous reasons one may decide not to pursue a card at closing, price and ability are only two of them; you could pick up a copy between start of auction and end of auction, you could give up
a project or decide you don’t want it, you can take a closer look and decide you don’t like it. Placeholders provide optionality.
Now, there are some auctions where you don’t have to bid on a lot before extended bidding in order to bid on it in extended bidding. I do not place placeholder bids in those auctions and I almost always wait until the end to place any bid