Auction bid increments

[mechanicalman]

I guess I'm crazy, because I love these high increments. There is much more strategy involved, IMO, as you can reasonably estimate a price at which the next bidder will have to go way above "market value" to outbid you. I think these increments favor the person who wants the card most, not the dude who's lucky enough to snipe $5 above your top bid.

[1952boyntoncollector]

Originally Posted by mechanicalman

I guess I'm crazy, because I love these high increments. There is much more strategy involved, IMO, as you can reasonably estimate a price at which the next bidder will have to go way above "market value" to outbid you. I think these increments favor the person who wants the card most, not the dude who's lucky enough to snipe $5 above your top bid.

I agree..when you talk about a card in the 1000s...getting your bid early can mean a lot. Thus if a guy comes in later than you he may have to bid record high to win the card. There was an auction that started a day or hours early than when it was supposed to start and i lost on a few cards when i didnt want to bid over and above a new market high because an early bidder already marked their territory....

[Stonepony]

Originally Posted by 1952boyntoncollector

I agree..when you talk about a card in the 1000s...getting your bid early can mean a lot. Thus if a guy comes in later than you he may have to bid record high to win the card. There was an auction that started a day or hours early than when it was supposed to start and i lost on a few cards when i didnt want to bid over and above a new market high because an early bidder already marked their territory....

I'm probably a dumb bidder, but when there is a card on my radar, prior record highs mean nothing to me. As for bidding increments
, we've discussed before how lower increments could benefit a consignor. I think the AH know what they're doing and current models benefit everyone

[Snapolit1]

I don't doubt they do........

[Leon]

Collector mentality usually rules on auction night. If I am going for a card I want the increments aren't that important. The final price is but the increments aren't. I suppose it might be nice to have a smaller increment on larger bids as there is still lots of room for more bidding. That might help the consignors a bit.

Originally Posted by Stonepony

I'm probably a dumb bidder, but when there is a card on my radar, prior record highs mean nothing to me. As for bidding increments
, we've discussed before how lower increments could benefit a consignor. I think the AH know what they're doing and current models benefit everyone

[Snapolit1]

Originally Posted by mechanicalman

I guess I'm crazy, because I love these high increments. There is much more strategy involved, IMO, as you can reasonably estimate a price at which the next bidder will have to go way above "market value" to outbid you. I think these increments favor the person who wants the card most, not the dude who's lucky enough to snipe $5 above your top bid.

Never thought of it like that but you are right. If a card is worth 10,000, and you are the bidder at 9500, you may get it for under market value because someone doesn't want to overpay. Maybe the goal in the auctions is to lock in the price below what its worth and hope no one goes over.

Sort of like The Price is Right.