Quote:
Originally Posted by T206Collector
I get people bidding for that reason, but it seems like people are actually engaged in meaningless bidding wars on April 2.
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I view it as a "blocking" strategy. Every lot will be won or lost in overtime. The only people who can bid on a given lot in overtime are those who bid on that lot in regular time. Each lot is started many increments below the range where it will eventuallly sell (let's say 15 increments on average). If I bid once in regular time, I'm up against possibly 14 other guys in overtime. However, if 7 of those 15 bids in regular time were mine, then I just cut the number of final competitors on the lot in half.
Cheers,
Blair