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#12

04-03-2010, 10:20 AM

barrysloate barrysloate is offline

Barry Sloate

Member

Join Date: Apr 2009

Location: Brooklyn, NY

Posts: 8,297

The likelihood is you will knock out the bidders who were going to drop out early on their own. Many people bid just to have a bookmark for the overtime portion. I think anyone really serious about a lot will still be in no matter how many times a single person keeps bidding.

My experience as an auctioneer was that the people who continually bid throughout an auction had a poor record of winning lots. In the great majority of situations it was somebody else who won them.

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