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#13

04-03-2010, 10:14 AM

Bridwell

Ron Rice

Member

Join Date: May 2009

Location: Texas

Posts: 908

Auction early bidding

Hi Blair and Barry,

I think the 'blocking strategy' Blair mentioned has some merit.

Barry is correct when he says that a 'whale' can overbid anybody in overtime, making the strategy irrelevant. This also holds true of a desperate collector trying to complete a set.

However, many lots in auctions sell to regular collectors, since the whales may already have that card. When that happens, I'd rather compete against only 3-4 other regular collectors in overtime, instead of 10-12 others. The hype of overtime tends to result in overbidding and that's lessened with fewer players. If 2 bidders are using the 'blocking strategy' on the same lot, then there might be only 2 bidders competing in overtime

Ron R

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