Higgins and Scott Auction bid increments good for the buyer, bad for the consigner

[JustinD]

I didn’t realize this chat was going on in multiple spots till Bob pointed it out.

I think the thinking in this one is a lot more in line with actual studies on psychology versus the auction house thinking with greed instead of logic. Those with ridiculous bid jumps are leaving money on the table far more than not.

[BobC]

Originally Posted by JustinD

I didn’t realize this chat was going on in multiple spots till Bob pointed it out.

I think the thinking in this one is a lot more in line with actual studies on psychology versus the auction house thinking with greed instead of logic. Those with ridiculous bid jumps are leaving money on the table far more than not.

Justin,

I think it might even be a combination of psychology on the part of the bidders AND greed on the part of the auction houses. Still, as I already pointed out in one of these two threads, I am a bit amazed that so far none of these online auction houses has done as most live auctioneers will do, and cut the bidding increments as the bidding for a particular auction lot winds down. Shouldn't be that difficult to program into software. Who knows, with the various AH owners on here, maybe some will see these posts and start hitting up their software providers for such a change. Would make sense to me at least.