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Originally Posted by Vintagedeputy
That’s a fantastic pennant! Thanks for sharing!
Since we’re talking about auctions, I wanted to ask the group an opinion on something. Once again, I’m following an auction with some great vintage pennants and once again I am perplexed by the auction strategies of others. Now I understand there are people who may be headed out of town, or on a cruise or somehow tied up when an auction is due to end and they’re not able to bid, but for the life of me, I can’t understand why people continue to bid items up over the course of an auction. Is it a pride thing that you have to have the highest bid currently?
If I see an item, I’m interested in, I make sure that I know when it ends and in the remaining seconds, I fire off my absolutely best bid. Usually that seems to work for me, but I can’t understand why people will jack up the price prematurely. Am I missing something?
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It is perplexing. Why drive the price up unnecessarily? Beats me. Maybe the item already sits near their max ceiling, and they want to get that bid in while it's still affordable to them? Cannot think of another logical reason, as those early bids rarely, if ever hold up.