Quote:
Originally Posted by Snapolit1
I get the convenience factor! I said that already. Peter told me there have been thousands of posts about how it will protect me from being shilled. That's what I'm not getting.
I like watching auctions end provided it's not 3am.
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It won't protect you from all shilling as there are many ways to shill, and different reasons people do it. So if for example someone is intent on essentially establishing a reserve, there isn't anything you can do about it. But if you put your high bid out there during an auction, as opposed to doing it by snipe, people see it and can try to run you up and either outbid you and then retract, or outbid you and hope to push you higher, or if they are good with reading the increments, string bid and stop short and leave you at your max. If your bid isn't out there, they can't do any of this.
Maybe overall it doesn't make much difference, I don't know that anyone has that data, but it seems to make sense not to put a target on your back?
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