View Single Post
  #13  
Old 09-13-2006, 06:22 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default Auction Opening Bids

Posted By: barrysloate

The study may also not take into consideration one of the idiosyncracies of our hobby's catalog auctions- that bidders must first put in a qualifying bid before they can take part in the second phase of the auction. That's the main reason why I and others start low. I am not trying to create a false illusion that a card will go for a bargain, but making room for as many qualifiers as possible. The more bidders that qualify, the more who are likely to participate on the final night. Am I right 100% of the time? Probably not, but that has always been my auction model.

Reply With Quote