Posted By:
Al SimeoneHi Leon,
Just curious why would you use that Strategy? If the lot was at 1000 and like you said you won the lot at 8000 that meant no one bid after you put the bid in at 8000. Why not for the sake of arguement put a bid of 3000 knowing lets say you were willing to max out at 8000. If no one bid then wouldnt you have won the lot at 3000? Thus saving 5000? Plus I know its Lews auction but as we all have talked about I myself wouldnt ever put a "topper" bid in on any auction because quite frankly I dont trust any of them either. As we have seen employes with knowledge of the bids can be very dangerous to your wallet! Auction houses dont make clients and themselves money when they know there is more to be made on an item!! And if people dont believe it happens as the old phrase goes I have a nice bridge for sale in Brooklyn!!