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#7
03-01-2005, 12:50 PM
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Max bids on auction house sites
Posted By: Howie
When you have expertise in the item you're bidding on you'll have a pretty good idea on what the item typically sells for. When you're working with fixed bid increments and a 15% buyers fee it's simple to pick the spot on the bidding scale where you think somebody can't outbid you or else they'll be paying too much. Other experts will bid up to the level you already own and not bid any higher. If you overvalued the item it'll go for less than your max bid. If you undervalued the item or hope to rip a bargain you'll lose. If you're pretty good you'll get the item at your max bid. 
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