Quote:
Originally Posted by isiahfan
Given this example with $100 bidding increments and you are the underbidder (Bidder 2):
Bidder 1 - $5000
Bidder 2 - $4900
Bidder 3 - $4000
I am sure the AH will contact you and ask if you are willing to pay the $4900....but if Bidder 1 bowed out...then really you should be getting it at $4100...which is what I would negotiate for. Whether or not you are successful could obviously sway your decision.
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Except you and the AH never know if someone else would have bid between $4100 and $4800 but couldn't because the bid was already pushed higher than that amount. In these situations you really need to look at it as a buy it now rather than an auction because you'll never be able to tell how others people would have bid if bidder 1 was taken out of the picture.
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