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#1
10-26-2011, 09:05 AM
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Auction Houses - Showing Estimates
Hi, I have a question and would like to get some thoughts. I am currently looking at Heritage Auctions Live and I think with all of their auctions they have an estimate next to each item.
By doing that do you think that influences what you should bid on it? I mean I know you are only going to bid what you want to pay, but does this provide a little bit of influence, like if u see something estimated at 4000-6000and your thoughts are u would only bid 2000 on it, do u then not even bid. Or if an item falls short of their estimate do u then think u got a bargin. and vice versa. I'm just curious as to why some auction houses do that and others do not? 
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