Auction Bidding techniques

Todd

Virgin
Joined
Jan 1, 2001
Posts
6,893
Are you working against yourself?

You may just be.

A.> If you are available to be there at the end time of an auction it is best not to do any bidding during the begining or the middle of the auctions.

Why because you are in essence driving your own final price upwards and higher that it might of been.

Say you bid twice during the process of the auction then the third highest beid at the end would of been your settling cost but you have driven it up higher, thus working against yourself.

B.> AutoBidding programs well they work against you in the long run as well especially in a field of high interest bidding for each time your bidder bid you effectively drive your final price higher.

C.> If there is an auction it is best to show no interest until the final moment's and placing your kill bid.

These are some tips I got from an Auctioneer one summer I worked with them. There was others these three were what stuck out the most to me.

Have a good auction
 
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