Posted By:
Rob Dewolftbob,
What seems to happen to me often is that from the time the catalog comes to the final day, I mentally get attached to one or two lots, deciding that those will be my prime objectives. I'll also place a number of other initial bids, but it this lot or lots that I really want. Then, near auction's end, if bidding on these goes way past the point of what I'm willing to pay and I resign myself to the fact that I'm not going to get them, I have to decide whether I'm going to seriously try to buy anything else. The dilemma becomes the question, "Do I really want these lots (my second or third choices), or am I buying just so I don't get shut out?"
While that seems like a simple question to answer at 5:31 p.m. Eastern time, at 1 a.m. it's not so easy.