Re: Introducing The Vintage Computer and Gaming Marketplace

Michael J. Mahon wrote:

> My only problem with entering my desired final proxy bid early is
> that I observe many bidders who, seeing an early bid in the lead,
> like to "poke" at it and incrementally drive the bid up.
> 
> Put another way, many bidders do not have a rational approach to
> bidding, but are "egged on" by the competitive aspect of ****ging
> the leading bid out of the way--thus running the price up to the
> lead bidder's maximum and possibly winning the item by a minimum
> increment.
> 
> I prefer to show no indication of interest or maximum bid until
> the end of the auction.

Absolutely on the mark.  I've given up on "tipping my hand" by showing
early 
interest.  As you say, it just drives the price up.