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#17

04-03-2010, 01:56 PM

Bosox Blair Bosox Blair is offline

Member

Join Date: May 2009

Posts: 1,470

Quote:

Originally Posted by barrysloate

I suppose there is no definitive answer to this.

Hi Barry,

For sure - and I'm not purporting to have any kind of study to support my idea. It is just something I feel intuitively (ie. that I'd rather enter an auction against 7 qualified bidders than against 15). But I definitely see your points...the number of bidders is not as important as: who they are, what finances they have, and what their goals/motivations are in the auction.

Ultimately, I'm aware that two bidders makes an auction, and two motivated bidders can create a record price. But somehow I still feel better with 2 bidders than with 15.

Cheers,
Blair

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