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<p>[QUOTE="Volodya, post: 4009061, member: 19615"]I pretty much never place book bids anymore, but certainly I used to. It's hard to document, but imo there's no real doubt that dealers sometimes succumb to the temptation to play the kind of games you describe. If you encounter a situation where there's no practical alternative to bidding through the book, try this tactic: rather than simply entering your maximum bid (disregarding commission for this discussion), enter a lower amount and check the "increase my bid by x%" box. In other words, if your maximum bid is $1000, enter $700, +40% as needed. That gets you to $980; close enough. Obviously you can be even more precise, but dealers won't love you if you ask them to increase your bid by, say, 43%.</p><p><br /></p><p> I had pretty reasonable success with this tactic. For reasons both psychological and practical, it's quite a bit harder for an auction house to manipulate a dynamic bid like that, particularly in a live public auction.</p><p><br /></p><p>Phil Davis[/QUOTE]</p><p><br /></p>
[QUOTE="Volodya, post: 4009061, member: 19615"]I pretty much never place book bids anymore, but certainly I used to. It's hard to document, but imo there's no real doubt that dealers sometimes succumb to the temptation to play the kind of games you describe. If you encounter a situation where there's no practical alternative to bidding through the book, try this tactic: rather than simply entering your maximum bid (disregarding commission for this discussion), enter a lower amount and check the "increase my bid by x%" box. In other words, if your maximum bid is $1000, enter $700, +40% as needed. That gets you to $980; close enough. Obviously you can be even more precise, but dealers won't love you if you ask them to increase your bid by, say, 43%. I had pretty reasonable success with this tactic. For reasons both psychological and practical, it's quite a bit harder for an auction house to manipulate a dynamic bid like that, particularly in a live public auction. Phil Davis[/QUOTE]
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