Quote:
Originally Posted by Lucas00
I believe a popular resellers tactic for years was to put a Max Bid in as soon as the auction opened at 3/4 of the items value or whatever the resellers thought made sense to flip the item. And did it to hundreds of lots. If they won a few, Win. If they lost them all, it cost them half an hour of clicking and zero dollars. 90% of auctions I feel like that's what I'm bidding against. I guess in theory constantly bidding and instantly being out bid for 10 bids straight might scare some people off. At least that's what I assume they think.
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That just sounds to me like dealers trying to make money buying and selling, which is what they do. I did that for years on eBay and other auctions, and did pretty well. I thought of it as bottom-feeding, and I relied on enough things falling through the cracks to make the effort worthwhile. Nothing diabolical about it, just common sense. Your antidote as a collector, of course, is to bid up to or over the item's market value, which I wouldn't' be able to compete with.