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#51
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Better Bidding Practice on Huggins & Scott Auction
Posted By: barrysloate
Well, since I last posted I've gotten three or four different opinions of what will work best, and I can only choose one of them. Let me think about this, speak to my software designer, and make a decision. Making a major change in the software may not be possible, I don't know. But I really do appreciate the feedback. |
#52
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Better Bidding Practice on Huggins & Scott Auction
Posted By: JimCrandell
Matt, |
#53
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Better Bidding Practice on Huggins & Scott Auction
Posted By: Matt
exactly! How is he being less likely to bid a good thing? Presumably he as a bidder, wants to bid more, and would if it was 5% and the auction house certainly would want to encourage another bid in that scenario, so I don't understand how you are using that argument to support the current 10% system? |
#54
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Better Bidding Practice on Huggins & Scott Auction
Posted By: JimCrandell
Matt, |
#55
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Better Bidding Practice on Huggins & Scott Auction
Posted By: Matt
Jim - LOL. I see where you're coming from now and I'm 99.99% sure that boxingcarman was not coming from that angle. The issue here is not what will get you as a bidder more wins, since it's impossible to create a set of rules that would cause that result, since those rules would apply to everyone equally, and everyone can't possibly win more auctions if the number of auctions stays the same. |
#56
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Better Bidding Practice on Huggins & Scott Auction
Posted By: JimCrandell
Matt, |
#57
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Better Bidding Practice on Huggins & Scott Auction
Posted By: Matt
Jim - again, it would be impossible to create a levels set of rules that would cause you to win more auctions. Those rules apply to everyone and give everyone the same opportunity. How could everyone win more auctions with the number of auctions staying the same? |
#58
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Better Bidding Practice on Huggins & Scott Auction
Posted By: Red
When deep pocket bidders go after a card they want they're going to continue to increase the bid to pretty much any level it takes to win. So if a full 10% increment discourages the normal guy from bidding then the deep pocket guy will save money by not having to top the bid again. |
#59
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Better Bidding Practice on Huggins & Scott Auction
Posted By: barrysloate
If I had to guess I would say that 5%-10% wouldn't make any difference during the middle of the auction when most bidders are still just getting in their qualifying bids. |
#60
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Better Bidding Practice on Huggins & Scott Auction
Posted By: Joann
Adam - I'm not sure I agree that the 10% increments raise prices realized overall for certain. Some cards may go for higher than value (b/c the next 10% overshot the value and someone bid it anyways), but some cards would also go for slightly less than value. If the most recent bid is just under and the next available bid is too high, many cards would sit at that lower value. |
#61
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Better Bidding Practice on Huggins & Scott Auction
Posted By: JimCrandell
Matt, |
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