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<p>[QUOTE="pprp, post: 6890897, member: 94602"]I call your strategy for "Back-and-forth auctions" the progressive loser. If you bid your max very early, you give the opportunity to others to test your bid, you allow dishonest auctioneers and consignors to shill bid and you also draw attention to the lot you are interested in. But in any case all your strategies will fail if the chilionaire's advisor decides she must win a coin for her employer. Or a dealer has a divine relevation that they can resell at 10 times the estimate.[/QUOTE]</p><p><br /></p>
[QUOTE="pprp, post: 6890897, member: 94602"]I call your strategy for "Back-and-forth auctions" the progressive loser. If you bid your max very early, you give the opportunity to others to test your bid, you allow dishonest auctioneers and consignors to shill bid and you also draw attention to the lot you are interested in. But in any case all your strategies will fail if the chilionaire's advisor decides she must win a coin for her employer. Or a dealer has a divine relevation that they can resell at 10 times the estimate.[/QUOTE]
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