Legendary Auctions Extended Bidding

[bn2cardz]

Originally Posted by Runscott

I love the sincere honesty of your post.

I think we overanalyze the auction houses' strategy. They are trying to maximize bidding, and one great way to do that is to make it 'fun' for the bidders.

My thinking is that if they wanted to maximize bidding (from at least me) they would open all the lots to me since I bid on at least one lot. If get outbid on that one lot in extended bidding then they lost out on my money being put towards another lot. Sterling has gotten more out of me because of this. I got outbid later in the evening so those funds got put towards other lots that hadn't hit my max for that lot, but combined with my previous bids it would have hit my personal max overall.