[1952boyntoncollector]

Originally Posted by biohazard

Incremental bidding -

Example 1: Lot A, you the cosigner think the lot should sell for $2,000.

Did the bidding go like this?

Bidder 1: $650.00
You: $750.00
Bidder 1: $900.00
Bidder 2: $1,000.00
Bidder 1: $1,200.00
You: $1,400.00
Bidder 3: $1,600.00
You: $1,800.00
Bidder 3: $2,000
You - See that is the rub, did you stop or keep pushing?

If you are willing to pay 20% BP when winning your own auction I don't see a big problem with it..but its hard for me to believe that the people winning their own auctions as a hidden reserve are really paying that BP....most people think the auction house is waving it..or at best reducing it down .to lets say 5%...if you are paying a reduced buyers premium than that's bad as well because its not at even playing field with the real bidders who have to pay 20% BP