Heavy Equipment Auction

QUESTION:

Granted, there are those who never bid before the final moments at the close of an auction. Or they use the preset autobidding stuff out there. I am not one of those. What fun is an auction if you don't bid?

And, perhaps, this is the crux of the matter: eBay is primarily an entertainment venue for me. I don't bid/buy pipes on eBay to make money or to extend my collection as much as I bid for the hell of it.

So, no- I don't usually bid to win. I bid to be outbid. I'll lay the bid in at about 75% of what I think is a fair price for the pipe. If I win, using this strategy, I have either over-valued the pipe, "the usuals" were asleep, or I got a bargain.

ANSWER:

Bidding on an item as you say "I don't usually bid to win" and laying a bid in at what you think a pipe is worth somehow seems to me (and this is my opinion here) that all you're doing is driving up the price or perhaps depriving someone else of winning the auction at a lower price. Either bid to win or don't bid, but just pumping in a price at 75% of what you think a pipe might be worth, devil may care whether you when or lose, is merely pushing the price up. Sure if you win, you got a bargain, if it goes beyond that, then maybe you've run the price up where someone else of lesser means just lost his chance at it. Auctions are entertaining, unless someone is taking the fun out of them by costing people money. Frankly, money's no object for me so I can bid to win anytime but I don't go dropping in bids just to jack up prices.


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