[78-L] Little bitty bids and bidders

[Cary Ginell]

One theory on this. Some people might just be curious as to what the maximum bid was by the original bidder. They inch their way up the price ladder, and then if it gets to a certain level where they are uncomfortable, they back off and bow out. You never know if the first bidder is just placing a bid for the original amount, say $9.99, or if they slapped on a huge first-time bid and then went away for the rest of the auction period. I've sold (and won as well) lots of records for $10.49 because the first bidder only put down an initial bid of $9.99 and never came back.

 

Cary Ginell

 


 
> Date: Mon, 18 Jan 2010 14:28:58 -0600
> From: neechevoneeznayou at gmail.com
> To: 78-l at klickitat.78online.com
> Subject: Re: [78-L] Little bitty bids and bidders
> 
> I typically bid at the last minnit so that I don't drive something 
> up...and if someone wants an item for many more times than I am willing 
> to pay, they can have it. Or I adjust my expectation.
> 
> joe salerno
> 
> 
> Taylor Bowie wrote:
> > As a frequent bidder on eBay, I am often amazed at seeing what I call step 
> > bidding. Say for example that I see a record I really want which starts at 
> > $4.99 and I bid $102. So for the time being I "have" it at the starting 
> > amount of $4.99 A second bidder comes along and wants it...and many times 
> > I'll watch these people first bid $8 and then $10 and then $11 and then 
> > $13.50...on and on and on, many times within an hour...finally they get up 
> > to $35 and give up, but they've made a dozen or more separate bids!!
> > 
> > I mean...do they really want the record? And if so, don't they start out 
> > with some concept of what they want to pay for it?
> > 
> > Yesterday I was able to score the Earl Burtnett Blue Wax Columbia I was 
> > missing. Early in the day I put a fat bid on it...and a couple hours later 
> > I put one more extra-fat bid on it.
> > 
> > During the last two minutes a couple of bidders drove my bid up about eight 
> > times in these short amounts.
> > 
> > Why not just decide what you want to pay, bid, and leave it at that?
> > 
> > If any of you use that step bidding technique, I'd just like to know why, 
> > as it rarely works.
> > 
> > Taylor
> > 
> > 
> > ----- Original Message ----- 
> > From: <neechevoneeznayou at gmail.com>
> > To: "78-L Mail List" <78-l at klickitat.78online.com>
> > Sent: Monday, January 18, 2010 11:45 AM
> > Subject: Re: [78-L] Buffalo Bill Berliner sells for $6200
> > 
> > 
> >> yes I did look, but thanks for your analysis, some things I had not
> >> realized brought to my attention
> >>
> >> So you would not bid at something even if you really really wanted it
> >> badly? just because you would have to pay what you were willing to pay,
> >> even tho someone else would have paid much less?
> >>
> >> Not me. I bid what I am willing to pay if I want something bad enough,
> >> then I pay that amount
> >>
> >> I don't bid what I am not willing to pay, altho I see that I could lose
> >> something by not taking a chance and bidding way above a current bid
> >>
> >> joe salerno
> >>
> >>
> >> Michael Biel wrote:
> >>
> >>> I am no longer willing to bid on auctions where I am charged my maximum
> >>> bid even though the next highest bidder (if any) was willing to pay much
> >>> less. So Nauck and eBay are about all I do.
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> >>
> > 
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