Quote:
Originally Posted by RCMcKenzie
I agree with the op. I don't look at past sales. I keep bidding until the other guy stops. Usually, I'm the other guy that stops. I think I have not accepted the inflation, like when my aunt used to send me $5 for my birthday, because to her, $5 was a lot of money.
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But isn't your bidding informed by the price you think you'd need to pay to purchase another similar item? And what would that be based upon, if not some sense of what other such items typically cost. Of course, if it's hard to find a comparable item or if sales are sporadic and not recent, then there's less relevant info available, but the greater the number of recent sales of comparable items there are, the more you'd want to know and benefit from that info.