Has A Bid Placed Early On Ever Held?

[Exhibitman]

Originally Posted by CW

I am trying it for the first time myself in the upcoming Heritage auction. I have placed a perfect bid amount where one more bid will cause the buyer to overpay

...I'll let you know how it turns out in 11d 10h 47m....

Don't laugh, that is a viable strategy that I try to employ. A strategic bid can dissuade others from going into a card, especially where the bid increments are fixed sums rather than set percentages of the last bid. Take REA for example, which uses a fixed dollar increase. If you have a $500 bid, the next mandatory increment is $100 [20%]. Which equates a price jump with BP from $592.50 up to $711.00. If the item has a retail of around $700, by occupying the $500 tier you force the next guy to 'overpay' for the item.

The other thing that works when an auction allows a straight bid, like Legendary, is to play king of the mountain. I will sometimes place a straight bid rather than a max bid to prevent bargain hunters from pot-shotting my bid at a low number because the fewer people who place initial bids the less competition there is in O/T. If I get lucky, no one bids and the item closes at my straight bid. Of course, the art is not overbidding...

[CW]

Originally Posted by Exhibitman

Don't laugh, that is a viable strategy that I try to employ. A strategic bid can dissuade others from going into a card, especially where the bid increments are fixed sums rather than set percentages of the last bid. Take REA for example, which uses a fixed dollar increase. If you have a $500 bid, the next mandatory increment is $100 [20%]. Which equates a price jump with BP from $592.50 up to $711.00. If the item has a retail of around $700, by occupying the $500 tier you force the next guy to 'overpay' for the item.

The other thing that works when an auction allows a straight bid, like Legendary, is to play king of the mountain. I will sometimes place a straight bid rather than a max bid to prevent bargain hunters from pot-shotting my bid at a low number because the fewer people who place initial bids the less competition there is in O/T. If I get lucky, no one bids and the item closes at my straight bid. Of course, the art is not overbidding...

Thanks, Adam, that's some great advice, and I'll take all the advice I can get when it comes to auction house extended bidding, at which I am a novice. It's definitely a different beast than eBay bidding with a set ending time. Auction house bidding is more like true auction style bidding.

Amazingly, my high bid actually held, so it worked this time! It was lot 80041, which I believe ended at a very fair price. Admittedly, someone with deep pockets could've come along and paid a couple hundred dollars more, and it still would've been a fair deal, so I'm pleased to add this one, finally.

[William Todd]

not a bid that's too low....

[Seiklis]

Yup it's happened to me a few times. The odd only are when you don't even really want something but drop a poke bid on it in case some other cards from the auction get to high...and then the poke bid wins