Goodwin Pick-ups

[calvindog]

What's the strategy of walking outside with an umbrella when it's raining? I never really understood that one either.

[Kenny Cole]

Buzzkiller.

[brass_rat]

Originally Posted by calvindog

What's the strategy of walking outside with an umbrella when it's raining? I never really understood that one either.

LOL!

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Seriously though, I like tossing in low or medium bids as placeholders to come back to later once you can see how the bidding is shaping up...

Steve

[Runscott]

Originally Posted by calvindog

What's the strategy of walking outside with an umbrella when it's raining? I never really understood that one either.

Sorry I asked. It was a serious question and I'm sure it isn't simply your strategy to avoid the auction house screwing you with a shill. Or are you really that paranoid?

[calvindog]

Originally Posted by Runscott

Sorry I asked. It was a serious question and I'm sure it isn't simply your strategy to avoid the auction house screwing you with a shill. Or are you really that paranoid?

I don't know -- have you represented any witnesses in any pending grand juries which are investigating shill bidding of auction houses? Or did you just stay in a Holiday Inn Express last night? I can tell you unequivocally (that means I'm not pretending I know something because I'm sitting behind a computer while writing on a chat board) that auction houses have looked at the ceiling bids of its customers and run the price up to that bid.

[Runscott]

Originally Posted by calvindog

I don't know -- have you represented any witnesses in any pending grand juries which are investigating shill bidding of auction houses? Or did you just stay in a Holiday Inn Express last night? I can tell you unequivocally (that means I'm not pretending I know something because I'm sitting behind a computer while writing on a chat board) that auction houses have looked at the ceiling bids of its customers and run the price up to that bid.

Calvin - I asked a question, it got some discussion going from intelligent board members. That's all I was looking for.

Kenny, etc. - thanks for the responses.

[calvindog]

Scott, and I'm serious -- I think many, many bidders don't leave ceiling bids on auctions because of the fear of fraud by the house. I suspect most would tell you that. It sucks that with the houses ending auctions at 5 am that leaving ceiling bids is not done due to the potential fraud which only serves to keep prices down. But the auctioneers have no one to blame but themselves.

[Jaybird]

Originally Posted by calvindog

Scott, and I'm serious -- I think many, many bidders don't leave ceiling bids on auctions because of the fear of fraud by the house. I suspect most would tell you that. It sucks that with the houses ending auctions at 5 am that leaving ceiling bids is not done due to the potential fraud which only serves to keep prices down. But the auctioneers have no one to blame but themselves.

I don't normally add to these types of discussions BUT...

I ALWAYS keep in mind how an auction house might MISUSE any information I provide to them. To think otherwise, I would be flying in the face of a lot of information that has already come out about auction houses. The phrase caveat emptor has been around a long time for good reason.

i'm not paranoid but I'm not going to give anyone a chance to rip me off either. If you can win the item either way, why would you choose the one with more risk intentionally? I have a price I'm willing to pay for something. So does the other guy. A ceiling bid isn't going to scare me away from bidding up to my max so why put it out there for someone to misuse?