Online auction strategies

[Casey2296]

Originally Posted by HercDriver

but the last thing I need is bourbon-infused bidding at 2AM.

Some great collections have been built in this manner...

[HercDriver]

Haha...yeah, I'm sure! I'm happy with my mediocre collection, a bourbon to end the Cubs game, and in bed by 10PMish. I just like to set a price and be done with it. I know that's not the majority opinion, but that's just my game plan...

Cheers,
Geno

[Wanaselja]

Originally Posted by Casey2296

Some great collections have been built in this manner...

Indeed!

[frohme]

Originally Posted by Casey2296

Some great collections have been built in this manner...

Hear, hear! Bidding under the influence. or BUI, is often the source of buyer's remorse, chagrin, or a host of other feelings, most of which come up regularly when reviewing one's collection. Sadly.

--
Mike

[LuckyLarry]

Does any one bid made on a certain lot qualify you for extended bidding or do you have to keep placing bids to become high bidder to qualify for extended bidding on this certain lot?
Larry

[BioCRN]

A chunk of us that bid low and early on lots of stuff are in the market for multiple cards, but the goal isn't to win all the auctions.

It's not uncommon for me to bid on 5+ things with low/next bids just to get them on my "bidding" page on the website. Out of those 5+ items I know that I am only counting on being in the running for 1-2 of those items, but I have no idea what the market will dictate until the late bidders show up to drive the price.

I don't feel like setting a higher mark on an item when I know I'm going to be there in the last hours to check out the situation and where things stand with the bidding prices.

That said, I'm not one of those people that will stay up all night to extended-bid for hours on end. At some point it's a bid that's the highest and I walk away...but also at that point, I've already passed on a good chunk of my initial bid items.

[Casey2296]

Originally Posted by LuckyLarry

Does any one bid made on a certain lot qualify you for extended bidding or do you have to keep placing bids to become high bidder to qualify for extended bidding on this certain lot?
Larry

1 bid is enough to get you to extended, even if it is not high bid. That's why you see a lot of placeholder bids at the auction open and then a flat period until the auction close gets closer.

[Aquarian Sports Cards]

Originally Posted by Casey2296

1 bid is enough to get you to extended, even if it is not high bid. That's why you see a lot of placeholder bids at the auction open and then a flat period until the auction close gets closer.

Caveat there are two methods even in the "prelim bid to qualify" model.

1. You have to have a bid in on EACH LOT that you want to bid on in extended bidding.

2. One bid on any item makes you eligible to bid on the entire auction in extended bidding.

Not sure I see the point in model #2 but it exists.

[sbfinley]

Originally Posted by Aquarian Sports Cards

Caveat there are two methods even in the "prelim bid to qualify" model.

1. You have to have a bid in on EACH LOT that you want to bid on in extended bidding.

2. One bid on any item makes you eligible to bid on the entire auction in extended bidding.

Not sure I see the point in model #2 but it exists.

I don't love model #2, but there I have been several instances where I've been shut out of my main watched items and I've noticed the entire auction is still open to me and then picked up items I'd previously passed over and would never have bid on in extended under model #1.

[jayshum]

Originally Posted by Aquarian Sports Cards

Caveat there are two methods even in the "prelim bid to qualify" model.

1. You have to have a bid in on EACH LOT that you want to bid on in extended bidding.

2. One bid on any item makes you eligible to bid on the entire auction in extended bidding.

Not sure I see the point in model #2 but it exists.

I thought Clean Sweep let you bid on anything in extended bidding if you bid on at least 10 lots in the auction.

[ValKehl]

Originally Posted by Aquarian Sports Cards

Caveat there are two methods even in the "prelim bid to qualify" model.

1. You have to have a bid in on EACH LOT that you want to bid on in extended bidding.

2. One bid on any item makes you eligible to bid on the entire auction in extended bidding.

Not sure I see the point in model #2 but it exists.

Sterling Sports Auctions uses Method #2.

[RCMcKenzie]

eBay is the only format where you can catch people off guard with a top all bid at the buzzer. For the legit AH's auctions, you have to outbid the experts on here with the deep pockets. You will never pull the wool over their eyes with a strategy other than bid more than them early and often.