What Is Your Auction Strategy?

[Leon]

Originally Posted by benchod

I agree with Barry
Place an initial bid on the lots I'm interested in and then wait for the auction close; extended bidding.
Don't understand the need to run up the price before

The reason someone might run a price up quickly is to oust others from playing on that particular lot. Also, there might be a certain "spot" I want and I want to get there first. Generally, I put in marker bids and then watch. Like it or not I am sure the strategy B and L has used before, in allowing all lots to be bid on until the end, will continue. We have seen proof positive that it's best for consignors. Like it or not that is who auctioneers work for. Collectors (like myself) will generally bid on items we want or need, regardless of the format. I can't say how many times I have wanted to bid on something when the lot I wanted got too high, but forgot to put a marker bid in. regards