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<p>[QUOTE=&quot;Publius2, post: 8088415, member: 105571&quot;]In general, there is one fundamental difference between in-person auctions and on-line auctions.&nbsp; That difference is the lag time between information in from the bidder and information out to the bidder.</p><p><br /></p><p>I know I am not telling anyone anything they don&#039;t already know but I think it bears repeating:</p><p><br /></p><p>When you are bidding in person with a live auctioneer in front of you, the auctioneer recognizes your bid in real-time and you process that information in real-time (less the speeds of sound and light and your own reaction time).</p><p><br /></p><p>When you are bidding online, there is nothing happening in real-time.&nbsp; All information processing is incurring delays of greater or lesser degree.&nbsp; And those delays are not the same for all bidders due to many variables completely outside the control of the auction company.</p><p><br /></p><p>I like different aspects of both systems and I tailor my actions and strategies to the unique characteristics of each auction type and then to the unique characteristics of each auction company.&nbsp;&nbsp; It is incumbent upon all bidders to understand how these things work otherwise you&#039;re just swimming with sharks while bleeding.[/QUOTE]</p><p><br /></p>

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