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#6
01-14-2015, 06:11 AM
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Why are auctions so popular?
Happy New Year Barry,
It does not make sense. Auctions take advantage of human nature. There is the build up and excitement regarding the possibility that one might win a card or piece of memorabilia. We all hope that we can possibility "steal" the item for a decent price. Hoping for a poor listing or perhaps a well timed snipe will seal the deal. We all analyze our bidding strategy. Do I use the big opening bid and hope to survive a last second snipe? Or do I hide in the weeds, and grab it with a snipe in the final seconds. The thrill of competing against another bidder drives the price up and up. Sometimes it becomes a competition where the prize at the end is just a bonus. Patrick 
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