Auction Opening Bids

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Posted By: Jim Clarke

Doing a "straight" bid I think is accepted at most major auction houses. I recall seeing an Old Judge lot go from 500.00 to 20,000.00 with only 2 or 3 bidders. I'm not sure if there was a high proxy bid in there.. All I know is I was not. Barry, I have never used that logic in bidding nor will I ever. I would rather run it up to it's final price at closing time.

Now if Hal would have done a straight bid on the Boston team cabinet of 13k when it was at 7K then I probally would not have gone for it.. But I ended up trying to get it one bid at a time until it was close to 20K.. Then I stopped... Not knowing that only one more bid would have done it...

JC