I'm confused - Mile High

[Shoeless Moe]

http://milehighcardco.com/Spectacula...-LOT88618.aspx


1 bid

18K


Huh?


Shouldn't 1 bid be at 3500? The starting Bid.

[Mark17]

Originally Posted by Shoeless Moe

http://milehighcardco.com/Spectacula...-LOT88618.aspx


1 bid

18K


Huh?


Shouldn't 1 bid be at 3500? The starting Bid.

Had they used the max bid feature, yes. Looks like they made a straight bid of $18,807 instead.

[perezfan]

Originally Posted by Mark17

Had they used the max bid feature, yes. Looks like they made a straight bid of $18,807 instead.

That must be what happened. If they really meant to bid this way, that's an interesting strategy (to freeze everyone else out from the start). Not my particular bidding style, but hey, it might work!

[Mark17]

Originally Posted by perezfan

That must be what happened. If they really meant to bid this way, that's an interesting strategy (to freeze everyone else out from the start). Not my particular bidding style, but hey, it might work!

I have no idea what that thing is worth, but my fear would be that I'd perhaps be paying thousands more than necessary.

And I'd bet the bidder meant for it to be a max bid, due to the odd amount. That is helpful sometimes with max (hidden) bids but gives no advantage on a straight bid.

[mrreality68]

Originally Posted by Mark17

I have no idea what that thing is worth, but my fear would be that I'd perhaps be paying thousands more than necessary.

And I'd bet the bidder meant for it to be a max bid, due to the odd amount. That is helpful sometimes with max (hidden) bids but gives no advantage on a straight bid.

+1 agree.

It could be a mistake and put in as a straight bid instead of a MAx or perhaps it was his plan.

I have done that strategy a few times hoping to scare people off and the results were mixed

[steve B]

I've done it a couple times in live auctions, mostly just started at about 75% of my max and hoped it ran off a few casual bidders. But it takes a feel for if there are any other bidders that really want it.