Quote:
Originally Posted by Dottore
I hear you on this.
Suppose though, that you and two other bidders really wanted an item. Let's suppose you want it really badly, but the other two also want it—but perhaps not quite as badly as you.
Wouldn't it be better to "probe" how high these two are prepared to bid earlier in the auction, rather than wait for the frantic last few minutes?
I mean, aren't there situations where its better to smoke out the competition earlier on—rather than risk losing an item in the last few moments?
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Its no different then going to an auction. You can't tell who's going to spend how much until the gavel falls. If you place your highest bid early, say a day in advance, the other parties will "chip" away at your bid until it get surpassed, or at least driven up. The other parties are checking on the internet, guide books, calling and redetermining how much the want to spend. If you really, really want this car, offer what the fair market value is at the end. If that isn't enough and you are falling in love with this car (which you should never do, especially on the internet site unseen
), offer how much you feel comfortable. From what I'm seeing in you questions, you really like this car which is going to take much of you objection-ability out of the picture. Make a fair offer at the end and see how it comes out. Unless this car has a production limit of 1, there will be others.
