Crypto-Mugs. Do these legends exist and who has them? - Collecting Tiki

S swizzle Tiki Socialite Melbourne,Australia Joined: Jun 03, 2007 Posts: 1449	S swizzle Posted posted on Tue, Feb 28, 2023 4:30 PM in reply to TIKIGIKI Just because you can be aware of hidden bids that doesn't tell you what the maximum bid is of those hidden bids/bidders. Let's say an Elvis Presley Blue Hawaii Bob goes up for auction and we use that as an example, as that is something that will sell at a high price. Obviously i have no idea exactly what it will ultimately sell for but if i feel pretty confidant that it will sell for something around what the previous one might have sold for (we'll say $2,000 for arguments sake) then i add another $500 on top of that just to play it safe, BUT, if i really, really want that mug and put in my maximum bid of $10,000 early, even if someone uses an e-sniping tool as kohalacharms mentioned, that person is going to have to have set his maximum bid at more than $10,000 to win. If i bid early i might be raising the cost of the mug on myself but if i'm willing to pay $10,000 for it then that is the least of my concerns. There could be ten other people all of who were willing to pay somewhere 'around' $2,500 and each one of them is going to drop out when they see that they've been outbid as the price gets progressively higher. Even if bidder #1 (after me) thinks they have it in the can buy bidding AT THE VERY LAST SECOND $1,000 more than what the final bid they can see is, even if that is $4,526, then I'M still going to win the auction, because they didn't come anywhere close to my maximum bid which i placed DAYS before. [ Edited by swizzle on 2023-02-28 16:38:37 ]

Just because you can be aware of hidden bids that doesn't tell you what the maximum bid is of those hidden bids/bidders.

Let's say an Elvis Presley Blue Hawaii Bob goes up for auction and we use that as an example, as that is something that will sell at a high price. Obviously i have no idea exactly what it will ultimately sell for but if i feel pretty confidant that it will sell for something around what the previous one might have sold for (we'll say $2,000 for arguments sake) then i add another $500 on top of that just to play it safe, BUT, if i really, really want that mug and put in my maximum bid of $10,000 early, even if someone uses an e-sniping tool as kohalacharms mentioned, that person is going to have to have set his maximum bid at more than $10,000 to win.

If i bid early i might be raising the cost of the mug on myself but if i'm willing to pay $10,000 for it then that is the least of my concerns. There could be ten other people all of who were willing to pay somewhere 'around' $2,500 and each one of them is going to drop out when they see that they've been outbid as the price gets progressively higher. Even if bidder #1 (after me) thinks they have it in the can buy bidding AT THE VERY LAST SECOND $1,000 more than what the final bid they can see is, even if that is $4,526, then I'M still going to win the auction, because they didn't come anywhere close to my maximum bid which i placed DAYS before.

[ Edited by swizzle on 2023-02-28 16:38:37 ]

Post #808154 by swizzle on Tue, Feb 28, 2023 4:30 PM