REA is up!

[barrysloate]

Blair- I'm sure you've experienced this too, but I can't tell you how many times I've been the underbidder on a lot and said to myself, If it just wasn't for that one guy, I could have won that lot at such a good price. And that's the one bidder I'm suggesting you haven't knocked out. Obviously, whether you finish second or fifth, the end result is the same. Maybe we should do a study of bidding patterns and behavior.

[Bosox Blair]

Originally Posted by barrysloate

Maybe we should do a study of bidding patterns and behavior.

Hi Barry,

I might be a strange guy (...well, I am ) but I would really find that interesting.

All the best,
Blair

[barrysloate]

I can tell you from my years of doing auctions that watching people's bidding behavior is fascinating indeed! There are many eccentric personalities out there.

[jmk59]

I just got an email notifying me that bidding is open. Now that I've been outbid many times over on all but three things.

J

[JP]

No harm in sharing my bidding strategy. I look at all the lots I want, figure a final price I'm good with, subtract 17.5% BP, then subtract 20% more and then bid that price on all the lots I want...so around 70% of what I'm ok with the final price being. Then I wait and once I'm outbid on most of them, on the last day I narrow down my lots by a half and rebid on the ones I'm willing to go the extra mile with and then go to sleep that night -- the night that it closes. I never want to really OVERPAY so I often miss out on most lots. But at times my system REALLY works. The Plank I won was my 70% bid, and it never got outbid again. Other times, I end up missing out on lots with prices that in retrospect seem like incredible deals.

[calvindog]

My strategy: I buy whatever I want at whatever I feel like paying for it and then I go back to work the next day and make more money.