Marker bid wins

[Runscott]

I recently won a Knute Rockne signed book for my marker bid. I was wondering if anyone else has ever put in a marker bid on something, then forgot about it, only to find out later that they had won? Horror stories? Great pick-ups?

When this has happened in the past, I always figured the other bidders knew something that I didn't…and it wasn't a good something.

[drcy]

Items can go for minimum bid. I've won numerous items at min bid. Near the end of big auctions, I used to through all the lots with min bids to see if there were good deals left. I guess that made me a bottom feeder.

[packs]

I placed the opening bid for this piece in a Huggins and Scott auction. I think it was like $250 bucks. Somehow no one else bid on it. And their auctions run for a while usually:

[Runscott]

I've won plenty of items for opening bid, but when I place a 'marker bid' I have no expectation of winning unless I come back and bid again.

[packs]

I don't quite get the difference. I place an opening bid thinking I'll get outbid later, but since I've already bid I can still bid in extended time. Isn't that a marker bid?

[Leon]

I have won a few marker, or very close to marker bids, before. Things I thought would go for a lot more and didn't.

[Econteachert205]

Originally Posted by packs

I don't quite get the difference. I place an opening bid thinking I'll get outbid later, but since I've already bid I can still bid in extended time. Isn't that a marker bid?

It sounds like a marker bid is a bid meant as a reminder to go back later and up if necessary, while single minimum bids sound more like straight bargain hunting.

[Runscott]

Yes Packs.

[steve B]

Not many cards, and not usually old ones. I've won a few nice stamps with marker bids on Ebay. Especially when they're mislisted and/or end at bad times. Like a nice variety CV $500 listed as the regular version and ending easter morning at 8 AM EST from a seller in Norway. Yes, really. Opener was 40 and I was the only bidder.

I've had a few things go so cheap my typical marker of $5 has held up. It's always a pleasant surprise when it does.

The opposite is also true, There's stuff I've bid on at well over retail and had that bid blown away with 3 days to go- Not just out bid like a shill, but more like 3x a bid that was already 20% above retail.


Steve B

[ooo-ribay]

Originally Posted by Runscott

When this has happened in the past, I always figured the other bidders knew something that I didn't…and it wasn't a good something.

I recently placed a bid only to ensure I continued to get catalogs from a particular auction house....it was a lot of ten, identical items and I can't get rid of the nine I don't need.

[Runscott]

Originally Posted by ooo-ribay

I recently placed a bid only to ensure I continued to get catalogs from a particular auction house....it was a lot of ten, identical items and I can't get rid of the nine I don't need.

Funny. I did the same thing once - was stunned to win five signed lithographs for my marker bid, which was about 1/2 of what they worth. They turned out to be facsimile signatures, which apparently other bidders had figured out. The auction house refunded my money and told me to keep them, so I made five people very happy by giving them each away over time.

[ooo-ribay]

Originally Posted by Runscott

Funny.

Not really.

Want to buy one or nine 1961 Willie Mays Chemstrand patches?