What would u do? (Bidding strategies)

[hshrimps]

I am trying to figure out what would u do if.....

You are building a 2nd T206 Cobb back runs and a 2nd Cobb BL460 just surface to the market. However, it is well known that someone has been buying one-of-one backs and building a T206 master set. This rich collector has a much deeper pocket and willing to pay whatever it take to own this Cobb BL460.

A, I will not bid heavily since I know I won't win and I don't want to bid too much to "inflate" the price in case a 3rd specimen come up in the future, so that it won't set an inflated price as a market value for the 3rd specimen.

B, I know that rich collector wants the card so bad, I will keep on bidding and make him pay an insane amount.

C, My budget is just $X and that's my max bid.


<<< I personally would go for A >>>>

[glchen]

C. You never know how auctions go. Sometimes ppl forget to bid on auction day as other things come up (e.g,. they are on vacation), and you may win an item you never thought you would.

[Vegas-guy]

Originally Posted by hshrimps

I am trying to figure out what would u do if.....

You are building a 2nd T206 Cobb back runs and a 2nd Cobb BL460 just surface to the market. However, it is well known that someone has been buying one-of-one backs and building a T206 master set. This rich collector has a much deeper pocket and willing to pay whatever it take to own this Cobb BL460.

A, I will not bid heavily since I know I won't win and I don't want to bid too much to "inflate" the price in case a 3rd specimen come up in the future, so that it won't set an inflated price as a market value for the 3rd specimen.

B, I know that rich collector wants the card so bad, I will keep on bidding and make him pay an insane amount.

C, My budget is just $X and that's my max bid.


<<< I personally would go for A >>>>

I would bid as much as I was willing to pay for it and not worry about anyone else. If it goes past my "max" bid then it wasn't meant to be. Pockets are only so deep and "someone" will always have deeper pockets.

[Rich Falvo]

C

I wouldn't overthink it. If you want the card, bid your max.

[RedsFan1941]

D. post on a message board as many distracting things as i could about the card to hopefully keep down the price.

[bensie]

Originally Posted by Vegas-guy

I would bid as much as I was willing to pay for it and not worry about anyone else. If it goes past my "max" bid then it wasn't meant to be. Pockets are only so deep and "someone" will always have deeper pockets.

This is my strategy. I don't try timing my bids or anticipating what others are doing. When I see a card I like, I put in the max I'm willing to spend, and then I forget about it until I either get an 'outbid' email or an invoice.

[mechanicalman]

You were sad that REA doesn't have a Honus Wagner for you, so I'd save your money for the next one in Goldin.

[BearBailey]

C.

[MVSNYC]

A
B
C

...Always Be Closing.

[Rhotchkiss]

Originally Posted by mechanicalman

E. You were sad that REA doesn't have a Honus Wagner for you, so I'd save your money for the next one in Goldin.

Is Goldin really having a Wagner?

[Jenx34]

I would look at A & C both being viable options, but I would lean toward C. You never know if the rich collector has had something come up financially or personally that would keep him from bidding to the end. What you don't want is to lay off expecting him to get it, then find out he didn't and someone else jumps in. Then you may have to compete with him for the next one. If you are willing to bid $XX I saw go for it. Whether you wait until last minute or throw it out early is your call.

Originally Posted by hshrimps

I am trying to figure out what would u do if.....

You are building a 2nd T206 Cobb back runs and a 2nd Cobb BL460 just surface to the market. However, it is well known that someone has been buying one-of-one backs and building a T206 master set. This rich collector has a much deeper pocket and willing to pay whatever it take to own this Cobb BL460.

A, I will not bid heavily since I know I won't win and I don't want to bid too much to "inflate" the price in case a 3rd specimen come up in the future, so that it won't set an inflated price as a market value for the 3rd specimen.

B, I know that rich collector wants the card so bad, I will keep on bidding and make him pay an insane amount.

C, My budget is just $X and that's my max bid.


<<< I personally would go for A >>>>

[x2drich2000]

I would do c just in the off chance the wealthy collector doesn't see it or perhaps already has a raw copy no one knows about or ???. There is also the chance the next copy will be nicer and command an even higher price. Also, given the example, I think it would be unlikely that you are the only 2 interested, so your dropping out may not have much influence in the final price. If it was a more obscure issue, I might change to A.

DJ

[Sean]

I would go for A.

Make a qualifying bid so that you can jump back in, then wait and see how the bidding is going. Unless you really think you have a chance, don't drive up the price.

[hshrimps]

Originally Posted by Sean

I would go for A.

Make a qualifying bid so that you can jump back in, then wait and see how the bidding is going. Unless you really think you have a chance, don't drive up the price.

+1

[T206Collector]

C

I usually spend my time trying to think about the timing of my max bid.

[WWG]

Originally Posted by T206Collector

C

I usually spend my time trying to think about the timing of my max bid.

We all feel that dilemma. Should I make my max bid just before regular bidding ends or take my chances in the extended bidding session?

[bauce]

C. However, I would bid $1 higher than the current bid just to be "in" even though I will probably get beat. I will check later on, maybe 24 hours before the bidding ends and see how far up it has gone. If there was little movement, I will place my max bid. If the bidding has gone higher than what I intended for a max bid, I move on.

[Gradedcardman]

Always a C for me !!

[JollyElm]

Wait...you mean Mr. Shrimps was dead the entire time?? What a twist ending.