Bid increments

[barrysloate]

Lower increments make it easier for you to bid. It also makes it just as easy for the next bidder to get in and top you.

Higher increments make it tougher for you to place the next bid, but if you get it in the next increment might knock out everyone who is left. So which is better?

[bensie]

Originally Posted by barrysloate

Lower increments make it easier for you to bid. It also makes it just as easy for the next bidder to get in and top you.

Higher increments make it tougher for you to place the next bid, but if you get it in the next increment might knock out everyone who is left. So which is better?

I think Sirius auctions does a good job of striking a balance.

[Leon]

Originally Posted by barrysloate

Lower increments make it easier for you to bid. It also makes it just as easy for the next bidder to get in and top you.

Higher increments make it tougher for you to place the next bid, but if you get it in the next increment might knock out everyone who is left. So which is better?

I know, Barry. That was exactly my thought. Maybe taking a higher spot will leave some folks out. That happens especially on less scarce stuff. On scarce/rare stuff ya' just go all in .

[oldjudge]

This threads raises an issue which probably means nothing to big auction houses. Most don’t want low value items and only take them as a curtesy if the consignor also has high value items.

[Aquarian Sports Cards]

A certain auction house which shall remain nameless (unless they want to name themselves) has actually been passing some of these smaller consignors on to me instead of selling their entire collections as one lot. Sometimes small and nimble (and hungry) has it's advantages!

BTW my specific contribution to the increment discussion:

Current Bid.............................Increment
$1 -$10.................................. $1
$11 - $50................................$2.50
$51 - $100 .............................$5.00
$101 - $250............................$10.00
$251 - $1000..........................$25.00
$1001 - $2500........................$50.00
$2501+ ..................................$100.00

So on cheaper items I am 10% (or in two instances higher, but really how many items are selling under $10?) at the bottom of the range, but more often significantly below 10%