Auction early bidding
Hi Blair and Barry,
I think the 'blocking strategy' Blair mentioned has some merit.
Barry is correct when he says that a 'whale' can overbid anybody in overtime, making the strategy irrelevant. This also holds true of a desperate collector trying to complete a set.
However, many lots in auctions sell to regular collectors, since the whales may already have that card. When that happens, I'd rather compete against only 3-4 other regular collectors in overtime, instead of 10-12 others. The hype of overtime tends to result in overbidding and that's lessened with fewer players. If 2 bidders are using the 'blocking strategy' on the same lot, then there might be only 2 bidders competing in overtime
Ron R
|