Quote:
Originally Posted by HRBAKER
If you are talking about ebay in particular a lot of it is distrust of the anonymity of the system. If I am willing to pay $300 for something that has an opening bid of .99, I am not going to put in a $300 proxy bid and subject myself to the seller or friends/accomplice of the seller to run me up to see what the max is/was.
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I think Jeff pretty much nailed it. I'll give a situation that happened to me last week. I need a 1975 Topps Hank Aaron #660 in NM condition to finish my '75 Topps set. Last week I found both a pretty nice centered PSA 7 and SGC 84. I thought I would bid on both, keep the best looking one and re-sell the other.
I won the PSA card for the minimum opening bid of $30.
http://cgi.ebay.com/ws/eBayISAPI.dll...=STRK:MEWNX:IT
The SGC card ended a couple days later and I had a proxy bid of $47 (why that much I don't know). Somebody ran my bid up all the way to the max. I'm not saying is was a schill, but I set a record price for this card at $47, when VCP average is only about $24. I ended up paying almost twice VCP average. If I would have sniped, this probably wouldn't have happened. Lesson learned on my part.
http://cgi.ebay.com/ws/eBayISAPI.dll...=STRK:MEWNX:IT