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<p>[QUOTE=&quot;Valentinian, post: 4500813, member: 44316&quot;]I am trying to understand this.</p><p><br /></p><p>[USER=76440]@Carausius[/USER] , are you saying this announcement <b>only</b> happens when the book&#039;s maximum is the current high bid so one more bid would beat it (as in your $300 example)?</p><p><br /></p><p>Is the point of contention that the announcement encourages that one more bid?</p><p><br /></p><p>Are you suggesting that a potential bidder who is willing to pay more than the current bid might not submit a bid of that higher amount because he is unsure of how high he might have to go, but he would bid if he were sure it would take the book out of the running? (That announcement would not take other live bidders out of the running.)</p><p><br /></p><p>Or, I suppose maybe someone would not even expect to bid at all on that lot until they heard that the current level was at the book&#039;s max. He might quickly decide that level is low enough to provoke his interest and submit a bid on a coin he had not expected to bid on.</p><p><br /></p><p>Is this next situation similar?</p><p><br /></p><p>Near the end of his auctions Frank Robinson puts out lists of bids required to beat the current high bid. I have wondered if that lowers the prices realized. If he already has a bid of $140 and a second of $200 and he announces that a bid of $210 is needed to beat the current high bid, I would not bother to bid if my limit were $180. So, the second high might remain $140. But he is careful to make the PR only one notch above the second high bid. So, the high bidder gets it at $150 instead of $190. That announcement might lower the PRs. Or, maybe that announcement about $210 tells bidders it is worth more than they thought and actually provokes a $210 bid or more that might not otherwise have happened.&nbsp; </p><p><br /></p><p>Were the CNG announcements only when the the book&#039;s maximum was the current high bid?[/QUOTE]</p><p><br /></p>

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