I want to bid in an auction but............

[Leothelion]

Hi Everyone

Here's a deliema you may have had at one time or another. Bidding! But you're on a budget or you're some poor sap like me with limited funds! So here's the story! You're looking at a few coins in an auction but you don't have enough dough to buy them all and the one you want the most, will cost the most, is late in the auction and will likely eat up most of your cash! And if you fail to win that favorite coin, then you're done bidding and you go home empty handed. Why? Because the other coins you were interested in were early in the auction and you made the decision to pass them all up to bid on the big one. Had those less expensive coins been auctioned after the big coins then there could of or might have been something in the pocket to show the kids when I got back home. Does anyone feel my pain here? Do the auction houses' understand this philosophy and list their coins accordingly to generate more bidding and cash flow?.

 

Have I come up with a new revolutionary train of thought that will change the way...........NAW! Impossible!

 

Regards, Leo

[spy88]

Leo,

 

I think its done on purpose with the tried-and-true method of making ALL bidders wait thru the lower grades for the good stuff to come up. True with any live auction.

 

You do have a problem and I commiserate with you. Just be ready to pull the trigger on the one you want and be prepared to spend 10 to 20% more then you expect. This way, if it goes for less, you're psychologically better off thinking you saved money!

 

Good luck!

 

David

[truthteller]

Many large auction houses now implement a service, whereby you authorize a fixed amount of money to be bid, then the computer controls the bidding process and allows bidding on several items, with the most desireable item getting the most aggressive bidding. This assures you that your bidding does not go over budget and allows a greater likelihood of a chance to win the most disireable item. I think Heritage and Superior have this program.

 

 

TRUTH

[AEATON-migration]

I tend to pass on the pearl & save up to get it at a later stage - it also takes time for me to mentally prepare myself for the idea of spending so much on one item.

 

( I want rights to this emoticon - it's mine, MinE, MINE!!!! GET IT !!!!)

[Leothelion]

whereby you authorize a fixed amount of money to be bid, then the computer controls the bidding process and allows bidding on several items, with the most desireable item getting the most aggressive bidding.

 

Truth

I don't see how this method allows you to max your winnings. The most expensive bidding/coins should go first in the auction (for my convenience of course) and then followed by the lower valued coins. But I know that is never going to happen!

 

My solution involves allowing earlier bids to be pulled or canceled on coins won early in an auction if the max amount of money I have wins that big coin later on in the same auction! Sure, I could go for something like that! That will never happen either!

 

It just doesn't make any sense that I go to an auction with 20 grand and leave with 20 grand!

 

Leo