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<p>[QUOTE=&quot;ikandiggit, post: 962714, member: 16269&quot;]There are times where buyer&#039;s bidding techniques backfire, especially if you get two bidders using the same technique which then results in stupid prices being paid for mediocre items. It hasn&#039;t happened with my coin auctions but one time I was selling toy guns (Roy Rogers, I believe) and they should have only gone for $40 -$50. However, they went&nbsp; for $910. When the winner emailed me, he explained that he always put in a proxy bid of $1000 to guarantee that he won the auctions. It just so happened that the under-bidder did the same with a proxy bid of $900.&nbsp; He never expected for that to happen but he honored the contract and made payment. </p><p><br /></p><p>His attitude was &quot;you win some, you lose some.&quot;</p><p><br /></p><p>Did I feel guilty about taking his money? Not at all. An auction is where the highest bidder wins and he was the highest bidder. He took his chances and it didn&#039;t work that time.[/QUOTE]</p><p><br /></p>

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