Quote:
Originally Posted by Leon
I think he is saying that if xx DOESN'T put in a max bid......then yy outbids xx, is now high bidder as there is no max bid from xx, then yy is lulled into a false sense of winning, goes to bed being the high bidder and dreams sweet dreams of that great card he is going to win in the auction.....then KAPOW......xx bids, is high bidder.... yy is asleep and xx wins the card. ....or something like that....  |
Leon, how about next time I just call you at 9:59 to discuss strategy, and you can help out with the bidding until all the lots close. You are a friend, right !?! I'll be staying at the Holiday Inn Express, pretending to be an important lawyer.
I put in four ceiling bids Thursday before the auction ended. Won all of them at less than my ceiling bids. Friday I did the same thing for three lots, with the same results. The fourth was not high enough, so I put in another bid during the extended bidding, still not high enough, put another one in and won. It was a fairly simple strategy, but I guess the auction house shillers weren't paying attention.
Scott <=== not paranoid enough to fully appreciate proper bidding strategy