Auction house bid increment thoughts

[BeanTown]

10 percent makes a different strategy. With higher value lots, you might want to do a top all bids up to a certain price point. Then you know if you lose the "bidding war" the winning bidder paid up for it. I think Hal Lewis and I had a nice debate on that 15 years ago 😃

[pokerplyr80]

Originally Posted by BeanTown

10 percent makes a different strategy. With higher value lots, you might want to do a top all bids up to a certain price point. Then you know if you lose the "bidding war" the winning bidder paid up for it. I think Hal Lewis and I had a nice debate on that 15 years ago 😃

I don't really have an opinion either way on which is better, but it certainly did change the bidding pattern for the card I was watching/bidding on. The price jumped about 100% on the last day. Cards in this range seem to get bid up a lot faster with 10% increments, sometimes hitting the final hammer price days before the auction closes.

[BeanTown]

A general pattern on many auction lots. This is the bidding action.

Day 1 25%
Day 2-13 50%
Last day. 25%

[Leon]

Originally Posted by BeanTown

A general pattern on many auction lots. This is the bidding action.

Day 1 25%
Day 2-13 50%
Last day. 25%

I would agree this is pretty close to the way it happens many times.

[ksabet]

I prefer bid increments that are decided upon by non felons

[Leon]

Originally Posted by ksabet

I prefer bid increments that are decided upon by non felons

I prefer low increments....

[ksabet]

Agreed