On Apr 19, 4:11 pm, Steven Hirsch <snhir...@[EMAIL PROTECTED]
> wrote:
> 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.
Me three. I wonder how much ****ll bidding goes on too. Sometimes I'll
see 3 or 4 identical items for sale by different people, Mac OS X
CD's for example. Why would one that closes tomorrow be bid up to
double the price of one that closes today?
-Paul
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