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Old 10-20-2007, 07:47 AM
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Default Better Bidding Practice on Huggins & Scott Auction

Posted By: Matt

Jim - LOL. I see where you're coming from now and I'm 99.99% sure that boxingcarman was not coming from that angle. The issue here is not what will get you as a bidder more wins, since it's impossible to create a set of rules that would cause that result, since those rules would apply to everyone equally, and everyone can't possibly win more auctions if the number of auctions stays the same.

The discussion here, is what makes for a better auction experience and the argument is that if more people can get in bids closer to the final price, it's a better auction experience, and it may even benefit the consignors because it will keep more people "in" the auction.

Arguing 5% or 10% helps you personally win auctions can't make sense because it must also help the other bidders and thereby hurts you as much as it hepls you; the scenario you were discussing could just as equally have the tables turned and you be the underbidder who doesn't want to make the 10% leap.

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