Interesting Mastro Items

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Posted By: Hal Lewis

It will definitely cool off and then heat up again at the end.

The EARLY bidding flurry is typical at Mastro ... because the ONLY way you can bid on an item at the END is to have ALREADY bid on it.

Thus, everyone wants to bid VERY EARLY on EVERY item in which they are remotely interested ...

because they can get in 40 different bids at VERY LOW levels that will NOT get them "stuck" as the high bidders.

In other words, the "ideal" situation would be to go through the ENTIRE auction and be the FIRST bidder on EVERY item. You would NOT remain the high bidder on ANY items...

but you would be free to bid on EVERY item at the very end.

Make sense?

BUT ... according to what Leon was saying yesterday, some people employ the "come out with your best shot" method and make STRAIGHT bids of $5,000 on an item instead of just starting at the minimum bid of $200.

They do this to PREVENT people from being able to employ the "bid while it is low" theory that I discussed previously. The trade off, of course, is that the person has to bid $5,000 and therefore loses ANY CHANCE of winning the item for $3,000 or $4,000, etc.