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Posted By: Cat

If he continues to drop the reserve, further bidders will fall, until he gets to your bid. In a sense what he has done may be brilliant. He has enticed bidders, who may not have the means to put in fallacy bids, and then someone like yourself comes in with a higher bid over those fallacy bidders and when he drops the reserve below your price, you decide to stick with your bid. But, I am not sure why this strategy would be better than a straight up reserve (cheaper EBay fees?)?

This auction reminds me of the time in November of 1963 when I was standing on this grassy knoll in Dallas, Texas....well, nevermind.