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I Just Got Clio'd... and it was Actually a bit of a Relief
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<p>[QUOTE="Kasia, post: 2930140, member: 31533"]Probably simply operates on the theory that few people are really going to put up a crazy high bid in the auction to attempt to ensure they win, because what if someone else drives up the price and they actually do win??? Maybe they have blown their budget and overpaid greatly? Or were not able to cover it?</p><p><br /></p><p>For some, running that risk occasionally while mostly not encountering it may be part of their game plan, and they get the coin for just over what a more prudent person bid. Only sometimes going much higher than they were comfortable with, but still not truly too high.</p><p><br /></p><p>Must be nice to be in that situation.</p><p><br /></p><p>One coin I recently won I had put in a comfortable bid (not super low, but not much more than I thought I would be happy paying) and was watching as it wound down, expecting someone to maybe challenge me... so I mentally prepared a bit higher price to go to if necessary. About 5 seconds prior to end time a new bid came in and ousted me. I immediately typed in an amount that was quite comfortably above that but not too crazy insane, betting that the new bidder did not want to find out that perhaps I had put in a bid that was way more than he wanted to pay but less than his securing bid. And hit the bid button. It turned back to me at T minus one, clearing the bidding back to me and leaving literally no reaction time from him, since he did not follow it up with a second higher one immediately after his bid to try to hit is at the literal end.</p><p><br /></p><p>So I got that, and have also taken others at the last second, but others have gotten away from me. </p><p><br /></p><p>Makes me wonder though, is a person who does this successfully time after time (enough so that the act is described as "being clio'd"), actually do crazy bids to oust someone, like it could be done, or is he/she just someone who actually has a psychological reading on his/her competition and what their budgets can afford or they are willing to pay, and he/she is truly bidding only incrementally higher than them, thus securing the coin without too much of a downside?[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 2930140, member: 31533"]Probably simply operates on the theory that few people are really going to put up a crazy high bid in the auction to attempt to ensure they win, because what if someone else drives up the price and they actually do win??? Maybe they have blown their budget and overpaid greatly? Or were not able to cover it? For some, running that risk occasionally while mostly not encountering it may be part of their game plan, and they get the coin for just over what a more prudent person bid. Only sometimes going much higher than they were comfortable with, but still not truly too high. Must be nice to be in that situation. One coin I recently won I had put in a comfortable bid (not super low, but not much more than I thought I would be happy paying) and was watching as it wound down, expecting someone to maybe challenge me... so I mentally prepared a bit higher price to go to if necessary. About 5 seconds prior to end time a new bid came in and ousted me. I immediately typed in an amount that was quite comfortably above that but not too crazy insane, betting that the new bidder did not want to find out that perhaps I had put in a bid that was way more than he wanted to pay but less than his securing bid. And hit the bid button. It turned back to me at T minus one, clearing the bidding back to me and leaving literally no reaction time from him, since he did not follow it up with a second higher one immediately after his bid to try to hit is at the literal end. So I got that, and have also taken others at the last second, but others have gotten away from me. Makes me wonder though, is a person who does this successfully time after time (enough so that the act is described as "being clio'd"), actually do crazy bids to oust someone, like it could be done, or is he/she just someone who actually has a psychological reading on his/her competition and what their budgets can afford or they are willing to pay, and he/she is truly bidding only incrementally higher than them, thus securing the coin without too much of a downside?[/QUOTE]
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I Just Got Clio'd... and it was Actually a bit of a Relief
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