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#15
04-19-2006, 03:09 PM
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Reading REA...what is the purpose of the "Estimate"?
Posted By: jay behrens
bottom bids aren't going to change the final price. That will be determined by what the 2 top dogs are willing to spend. The only thing bottom bidders, if there are a lot of them, is create interest in a lot. If people see a lot of bids, people take notice of that lot and wonder what is so special. eBay used to put a burning match next auctions that had 30 bids or more to denote "hot" auctions. 
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