Quote:
Originally Posted by glchen
I think the point Larry is trying to make is that the new bid was at 1:40am and not 1:29am. That is TOO close to 1:29am. If you were going to do the strategy that Lance is suggesting, you would put your bid at 2:25am (just before the 10% extra bidder premium takes effect), and not 1:40am, which is only 10 minutes after the first bump.
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I used to do my bidding while drinking a bottle of wine. By the time 1:30 rolled around, I couldn't think straight - no telling what I would do. One night late in a Lipset auction I realized that every auction I wanted was too high. I had $3,000 and insisted on spending it - ended up buying a bunch of stuff I didn't need, and didn't even start bidding until the deadline.