Quote:
Originally Posted by Vintagedeputy
I have said this before, but I am perplexed by how people bid on auctions in general. I cannot understand why bidders will bid something up day after day and keep raising the price. Is it a testosterone thing to say you have the highest bid?
If I want to win an auction, you’ll never know it until the closing seconds. I’ll fire my max bid at the end and will more than likely win.
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I think that some bidders just reason that everyone has a maximum amount they will pay for an item, and if they want to win they're going to have to outbid them all anyhow, so they might as well just bid now. Especially if they think there's a chance they might not be available for bidding on the night the auction ends. I've certainly done that before. Though it's not my regular approach.