Different bidding patterns

[Peter_Spaeth]

I like that term for it, a zoom.

[doug.goodman]

For ebay style, specifically defined end time auctions, I put in a bid at the beginning, then I bid above what the item is worth to me with a few seconds remaining.

If I lose, I lose, I didn't really want to win at that price.

If I win at my max bid, then I think about other items I have won for less than I was willing to pay and feel like it averaged out.

If I win at less than my max bid, that's best.



For extended bidding type auctions, I employ the same general strategy, but bid to the next bid increment as late as possible.

My last bid is the first bid increment above what the item is worth to me.

[Exhibitman]

The auction rules change bidding strategy, which affects when bidding action takes place. For example:

Sterling: "One bid in the entire auction prior to 8:00 PM EST on September 19, this bid is all you need to qualify to bid on ANY item in the auction during the extended bidding session."

LOTG: " In order to bid on an item during the extended bidding session beginning on the date of the auction close, you must place at least one bid on that item prior to 9:00 PM Eastern on the auction closing date. If you do not bid on it by 9PM Eastern on the closing date, you cannot bid on it afterward."

I will throw out a bid in Sterling early on 1 lot then wait until the last night to bid on everything else. For LOTG, REA, etc., I may spend a couple of hours placing initial bids on 100s of lots.

[Zach Wheat]

Originally Posted by doug.goodman

For ebay style, specifically defined end time auctions, I put in a bid at the beginning, then I bid above what the item is worth to me with a few seconds remaining.

If I lose, I lose, I didn't really want to win at that price.

If I win at my max bid, then I think about other items I have won for less than I was willing to pay and feel like it averaged out.

If I win at less than my max bid, that's best.



For extended bidding type auctions, I employ the same general strategy, but bid to the next bid increment as late as possible.

My last bid is the first bid increment above what the item is worth to me.

I think Doug hits the ideal bidding style for me right on

[Snapolit1]

I’m definitely see the trend Pete identified. Particularly in modern.

When the latest stupid Superfractor 1/1 card shows up all of a sudden it’s bid up to $550,000 in a week. Why? Makes zero sense. There are only 3 or 4 people out there with that kind of cash looking to buy something like that. And I am sure they are mega-wealthy busy people and aren’t logging in to a website every night and placing meaningless bids to draw attention to something they would really like.