Quote:
Originally Posted by Fred
...someone will try and provide the advice to put a higher ceiling bid in. My response is that I don't have an unlimited budget for cardboard I can pick and choose things so that if I get outbid on something, then I can put the allocated hobby money towards something else...
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I'm often in the same boat. There have been auctions in which I've seen dozens of interesting items. Winning two or three of these at roughly market value is fine. Getting invoiced for 25 or 30 items *might* cause a bit of domestic tension.
I enjoy auctions that end lot-by-lot. I place marker bids early and then begin whittling down the list of realistic options (my watch list) as the bids climb.
By the time extended bidding starts, I've usually got a small handful of targets. As lots begin to close, I've either won items or I can bid more aggressively on targets that are still open. Without this knowledge (basically my "budget" for the auction) I would be more conservative.