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#28

11-11-2011, 10:32 PM

glchen

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Member

Join Date: Apr 2010

Posts: 2,988

Quote:

Originally Posted by Runscott

What's the strategy behind putting in a bid below what you're willing to pay, and waiting to be outbid?

I think the strategy is that you're hoping once the other bidder outbids you and has the highest current bid, he goes to bed and doesn't watch the auciton again. Then you put in a higher bid. If the other bidder sees that his higher bid still doesn't beat your ultimate max bid, he may stick around, think about it, and bid you higher.

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