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<p>[QUOTE=&quot;dougsmit, post: 2310044, member: 19463&quot;]While the process is well described you have to allow for the effect this process has on your competition.&nbsp; When you bid $4000 on a lot showing $2000 but whose previous high bidder had bid up to $3500, he will get notice that he has been outbid but not by how much.&nbsp; This could result in him bidding one or more times until he is in the lead making the lot show as something that has drawn a lot of interest possibly attracting other bidders that did not know they were interested until it appeared that there was something desirable about the lot.&nbsp; That makes many people believe it it better not to bid/show interest early in the process so you will expect many bids at the last minute if the sale is electronic or made by agents or buyers in person at the sale if it has a live bid session.&nbsp; All this makes it appear that there is something shady going on when in fact where is not.&nbsp; Being in the lead with a lot of space between the current bid and your maximum is not to be taken as a good sign.&nbsp; I am amazed at the low prices brought by some lots and the high action on others but all we can do is patronize only houses that we trust not to be playing games.&nbsp; If the fact that you asked this question here means you do not trust the venue, perhaps that alone should tell you something.[/QUOTE]</p><p><br /></p>

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