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#1
10-18-2007, 02:34 PM
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Better Bidding Practice on Huggins & Scott Auction
Posted By: barrysloate
Ted- the way my software is set up the increments are reduced to 5% after 10K, but only a few lots reach that level. I suppose it would be possible to reduce all increments to 5%, but unless I am missing something, would that have much effect on the final bids? They would either end up the same, or be 5% higher or lower. I guess on a $5000 lot, you could save $250, but there's an equal chance the lot may go $250 higher. In the end, it's probably going to work out about the same. 
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