The problem is you dont know what the current high bidders top figure is! he could be winning an item for £24.50p,that is worth maybe £50-60!!But places a bid of £100,you will have to keep placing bids until his top bid is passed to be the highest,and if he has put his big bid on in order to try to guarantee winning it,what happens when you are the winning bidder and dont want it??
Also the bidder could be a mate of the seller,and is hoping somewone will place a stupidly high bid to knock his mate out,only to snare a genuine buyer at an artificially high price!!
As we now cannot see the identity of the bidders,we cannot see any patterns in the bidding,or who our competition is! It could be your mate from down the road you are bidding against!! You cannot see the ID!!!
Only bid on items you want,and only bid the price you are prepared to pay!! And dont get auction fever!! You will probably regret it!
I bought some solid sterling silver rover heads,that are dinner place card setting holders for the corporate events for the Rover cars company made in the 80's!
"will bung a pic up when I find it"
I really wanted them!!
After some difficult research!! I valued them at about £150 for the pair!!
They were at £21.50p,and with 40 seconds to go,I placed a £205.09p bid to hopefully guarantee getting them!
I had to be prepared to pay that price!!
I would have been dissapointed if I had lost them,but I set my price and I would of stuck to it!!!
I got to be the highest bidder at £25.50p and with 10 secs to go,I prayed nobody else had seen them and wanted them as much as I did,so creating a last minute bidding war!
When I opened my eyes,I had wom them for £25.50p! PHEW!!!
I had them appraised and they were valued at £200 for the pair!!
That was 4 yrs ago,so a nice little investment!!Or a good earner if I ever sell them!
Nope!!! :wink: I dont want to sell,and I have never seen any others on Ebay since!!
Dave