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<p>[QUOTE=&quot;kirispupis, post: 7875571, member: 118780&quot;]Mostly agreed, though I see a few corner cases where pre-bids are still useful. One is what I call &quot;positioning.&quot; I used it not long ago on a coin with an opening bid of 450, which honestly was my &quot;normal&quot; max. However, I put in a pre-bid of 500.</p><p><br /></p><p>Why? Because I knew that auction used increments of 50 starting at 500, so by taking my &quot;position&quot; there, I dared someone to pay 10% more. That&#039;s pretty steep, and I won the coin at 500, or no one felt it was worth 450 and I was shill bid. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>Another is what I call an &quot;insurance bid.&quot; Say a coin comes up that I know <i>should</i> go for 1500. I <i>really, really</i> want that coin, but the max I can do is 1000. In very rare situations, the coin <i>has</i> gone for 1000 or less, so who knows? I put in my bid for 1000 as an &quot;insurance&quot; bet. The overwhelming odds are that I won&#039;t get the coin, but by placing that bid I&#039;m assured to not end up in a pool of tears because the coin went for 900 and I would have won it.[/QUOTE]</p><p><br /></p>

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