Quote:
Originally Posted by bocca001
Does it really drive up the selling price if these bids we are talking about are nowhere near where the auction is likely to end? I guess I'm not convinced that any of this really ends up impacting the final price unless something falls through the cracks (i.e., is not seen by the people really willing to pay more). The final price is only determined by the last two (two highest) bidders. If five bidders are bidding in the hundreds for a few days on an item and then Mark and I come in bidding in the thousands, those earlier bids are immaterial. If I bid $900 on a T206 Wagner, am I really running up the price?
Like Mark said, I'll sometimes put in a bid on something that is likely to go higher because that bid is the highest I can go. Those bids rarely ever win and I know it, but I have had them win in the past. When I did not win, I don't see myself as having run up the price, especially when the final price is a good bit higher.
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Well that's a good point you make about not ultimately driving up the price with early lowball bids. But I still don't see the point, unless the item in question is already sitting near the max you want to pay. I'm glad you've won a few things that way.... I honestly don't think I ever have!
