The Psychology of Bidding.......

[darwinbulldog]

Originally Posted by ullmandds

i DON'T KNOW WHAT MOST PEOPLE DO...BUT i BID WHAT i AM COMFORTABLE PAYING FOR A CARD...USUALLY WITHOUT CONSULTING ANY PRICE GUIDES/vcp.

My approach is the same in that I only bid what I'm comfortable paying. However, that's always a function of what other people are paying. I can't imagine, for example, that I'd feel comfortable giving someone $500 for a nice D304 common if no one else ever paid more than a few bucks. I don't see much difference in using VCP versus the price guides versus just tracking sales for a while myself in order to figure out approximately what other people would be likely to pay for the card. They're just slightly different measures of the same construct. Sometimes I'm willing to pay more than that estimate, sometimes less, but I've never just looked at card and said, "I have no idea what anyone else would pay for that -- $1? $1,000,000? -- but I'll bid $325 without trying to estimate what others might pay first."