Originally Posted by
Rabid Koala
If you bid early on an auction you are only going to encourage other bidders to top your price. I almost always wait until the final 5 seconds and then bid my maximum. Why encourage competition?
Originally Posted by
Scooper
This is the way I play it, too.
In a normal auction that makes perfect sense, but in this case you want active bidding early on to ferret out the reserve. If you don't get an active bidding war, you won't figure out the reserve and snipes may not get enough bids in quickly enough at the tail end of the auction. I, for one, want to know this guy's reserve is and despite my efforts to do so, we're still not there, though someone finally just outbid me. Still, we don't know the effin' reserve this guy put on the auction.