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#19
09-13-2006, 07:18 AM
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Auction Opening Bids
Posted By: Peter Thomas
Typically the auction with items that sell for $200,000, also has many items that will sell for far less. I think that the low opening bid brings in bidders on items that they can not afford, but gets them to look at or for items that they can afford and thereby increases overall auction action. I know that I have bid on many items that I know I could not afford, but would love to have, and then study more realistically items that I might be able to obtain. 
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