Posted By:
Hal Lewis
Martin:
The difference in my situation is as follows:
FIRST - I am bidding on certain items that do NOT have a "set" price, like "one-of-a-kind" rare items that could sell for anywhere between $25,000 and $60,000.
SECOND - I placed my Max Bid SEVERAL DAYS before the auction ended... yet someone else WITHIN HOURS had run my bid RIGHT UP to the max... and THEN STOPPED... and then NEVER BID AGAIN!!!!
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Who on Earth would bid on something THAT HEAVY and THAT EARLY to take it up to $33,000...and NOT take "one last shot" at getting it for $34,500 in the very end???
Especially a one-of-a-kind item where the "value" of the item is whatever it sells for in the auction? No way to "lose" money.
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Ask yourselves THIS question:
If you REALLY wanted that 1914 Babe Ruth card in the REA auction.... and MONEY WAS NO OBJECT...
and you had bid it up like crazy a WEEK before the auction closed...
and it had NOT gone up any higher since then...
wouldn't YOU take one more crack at it during the extended period???
After all, we are talking about situations where the bidder can clearly afford the price anyway...
so there is NO EXPLANATION for how my "max bid" got raised all the way up ONE WEEK before the auction ended and then NEVER again.
