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<p>[QUOTE="TIF, post: 2262168, member: 56859"]If it is any consolation, even if you lose by one increment, you really don't know how high the winner was willing to go (assuming the auction has a timed closure). Most e-auctions have a set time of closure. A few will add minutes to the closing time if a very late bid is placed, allowing the underbidder to reconsider. Of course, there are still some "real" auction formats, with live bidders in a room (and folks bidding live online and by phone). In those, the bidding continues until no one else challenges the high bidder.[/QUOTE]</p><p><br /></p>
[QUOTE="TIF, post: 2262168, member: 56859"]If it is any consolation, even if you lose by one increment, you really don't know how high the winner was willing to go (assuming the auction has a timed closure). Most e-auctions have a set time of closure. A few will add minutes to the closing time if a very late bid is placed, allowing the underbidder to reconsider. Of course, there are still some "real" auction formats, with live bidders in a room (and folks bidding live online and by phone). In those, the bidding continues until no one else challenges the high bidder.[/QUOTE]
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How do you get the best price for a coin?
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