Thread: Bid increments
View Single Post
  #3  
Old 10-15-2018, 05:20 PM
frankbmd's Avatar
frankbmd frankbmd is online now
Fr@nk Burke++
Member
 
Join Date: Nov 2011
Location: Between the 1st tee and the 19th hole
Posts: 7,232
Default

High opening bids, excessive bid increments particularly at lower levels and not including buyer's premium in the viewable bidding history all seem to work against the auction house and hence the consignor's desire to maximize the number of bidders, and therefore increase competition between bidders to obtain the highest possible selling price.

But what do I know????
__________________
FRANK:BUR:KETT - RAUCOUS SPORTS CARD FORUM MEMBER AND MONSTER NUMBER FATHER.

GOOD FOR THE HOBBY AND THE FORUM WITH A VAULT IN AN UNDISCLOSED LOCATION FILLED WITH NON-FUNGIBLES


274/1000 Monster Number


Nearly*1000* successful B/S/T transactions completed in 2012-24.
Over 680 sales with satisfied Board members served.
If you want fries with your order, just speak up.
Thank you all.



Now nearly PQ.
Reply With Quote