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Net54baseball.com Forums - Can someone explain this?
Net54baseball.com Forums

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-   Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions (http://www.net54baseball.com/forumdisplay.php?f=2)
-   -   Can someone explain this? (http://www.net54baseball.com/showthread.php?t=195347)

iwantitiwinit 10-12-2014 08:16 AM
Can someone explain this?
 
Did anyone see this auction? This is a New York not Washington portrait of Elberfeld in PSA 5 for $700. Also why are there 2 bids for 700 when you look at the bid history?

http://www.ebay.com/itm/1909-11-T206...p2047675.l2557

frankbmd 10-12-2014 08:24 AM
inexplicable

Donscards 10-12-2014 10:33 AM
On the 2 $700 bids the high bidder bid $700---the underbidder also bid $700 and ebay takes the first bid---anyone that bids now would knock off the $700 bid. Don

Pat R 10-12-2014 10:34 AM
No Idea, I was going to bid on this card but when I was checking the
end time it was already at $500 which was more than three times what
I was going to bid. A PSA 4.5 that was just as nice as this one sold for
$113 a few weeks ago. There are 59 in the PSA pop reports at or higher
than a 5. I wouldn't be surprised to see this card re-listed.

savedfrommyspokes 10-12-2014 11:51 AM
Quote:
Originally Posted by Donscards (Post 1333072)
On the 2 $700 bids the high bidder bid $700---the underbidder also bid $700 and ebay takes the first bid---anyone that bids now would knock off the $700 bid. Don
Good reason to not bid at an even amount, I have a fair number of auction wins by bidding at just a small increment over an even amount... ie.$702.07, etc.

JollyElm 10-12-2014 12:01 PM
Quote:
Originally Posted by savedfrommyspokes (Post 1333086)
Good reason to not bid at an even amount, I have a fair number of auction wins by bidding at just a small increment over an even amount... ie.$702.07, etc.
Shhh. You're giving away a secret. :rolleyes:

savedfrommyspokes 10-12-2014 03:40 PM
Quote:
Originally Posted by JollyElm (Post 1333092)
Shhh. You're giving away a secret. :rolleyes:
The "secret" wasn't the point...the point is that I (continue to) win a fair number of auctions because I barely outbid the very small percent of bidders who don't execute this simple "secret" bid strategy.

iwantitiwinit 10-12-2014 04:05 PM
Yup great strategy overbid for a card by 500 so you can employ the "bid .01 over an even amount to win it technique".

savedfrommyspokes 10-12-2014 06:53 PM
Well at least the 3rd highest bidder (who only over bid the speculated value by $400) bid an odd dollar amount as their high bid ($605 vs $600) demonstrating some sort of bidding strategy. The 6 highest bidders, who all bid more than the speculated value, must all have known something that none of the respondents to this thread know.

Leon 10-14-2014 11:34 PM
Seems like a lot of money for that card, regardless of strategy.


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