Quote:
Originally Posted by bobbyw8469
I actually asked this question on another board, but got no responses, so maybe I put it in the wrong board. After reading this thread, maybe I can ask this here:
The latest Legacy Rarities auction. I was the high bidder on the 1955 Bowman Football set at $1,150. I was bid #11. I was outbid with bid #12, but the bid is now $1,950. Why would the next bidder jump the bid in an $800 increment? Wouldn't he want to win the item as cheaply as possible?? I was just curious as to everyones' thoughts on this......
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Bobby, my guess would be the lot had a reserve (say $1900). If the bid following yours was a MAX bid that exceeded the reserve, the new lot price jumps past the reserve.