Auction Reserves - let�s discuss - Net54baseball.com Forums

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#26

11-17-2023, 09:56 AM

Aquarian Sports Cards Aquarian Sports Cards is offline

Scott Russell

Member

Join Date: Jun 2016

Location: Pennsylvania

Posts: 7,282

Quote:

Originally Posted by BobbyStrawberry

But if you aren't interested in it even at the minimum bid price, why would you become interested in it later when the price would the same or higher?

People put placeholders in on many more items than they will be able to afford if they won them all. It gives one flexibility at the end of the auction. If one lot goes past what they want to pay, they can go after something else they had a placeholder on. Back when I was an auction buyer I'd put placeholder bids in on 100 or more lots fairly frequently. High starting bids would certainly scare a lot of people away from this very common practice.

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