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Net54baseball.com Forums - View Single Post - Auction Reserves - let’s discuss
Thread: Auction Reserves - let’s discuss
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  #40  
Old 11-17-2023, 10:38 AM
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Rhotchkiss Rhotchkiss is offline
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Quote:
Originally Posted by BobbyStrawberry View Post
Thanks for the response, Scott. I didn't realize that this was such a common strategy. Perhaps I'm unusual in that I don't usually place any bid that I wouldn't be comfortable with as the winning bid.
This is why I usually bid right when an auction opens. I may place over $1mm or bids within the first hour. By the end of the day, I am high bidder on none of them, but I have preserved the chance to go after all of them in extended bidding. If I wait to long and the price is already higher (like a high staring bid) then I may not do a placeholder at that point bc odds I win it are higher and I am not sure I want to own it.
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