Message:

<p>[QUOTE=&quot;Topher, post: 282271, member: 8489&quot;]I debated about putting this info up, as most people don&#039;t think about it like that, but as long as you guys don&#039;t bid against me, I&#039;m happy to share the knowledge.</p><p><br /></p><p>Here&#039;s another tip regarding Dutch auctions that I discovered by accident.&nbsp; It&#039;s a little complicated to explain, so follow my example.</p><p><br /></p><p>Dutch auctions - for those that don&#039;t know - are auctions for multiple lots, where the winner(s) get the lots for the LOWEST successful bid.&nbsp; I once bid on generic bulk world coins listed at $4/lb.&nbsp; (Yes, you read that right - and I&#039;ve bought from her twice now!)&nbsp; If the auction is at $4 and it looks like not all of the items will sell, you can bid as high as you want, and still pay the lowest winning price, and WIN YOUR LOTS, EVEN IF YOUR BID WASN&#039;T FIRST!!!</p><p><br /></p><p>Example - There were 200 something lots.&nbsp; When I found the auction, there were only 10 or so lots left available.&nbsp; I wanted more than 10, so I had to up my bid to $4.25 per lot.&nbsp; (She only charges $10 for a priority rate box of up to 50 lbs, so I wanted to maximize what I got for my shipping charges).&nbsp; I bid $4.25 for 40 lots.&nbsp; Lo, and behold, my id moves to the top of the list, and I get priority, bumping off people who had bid BEFORE me.&nbsp; When the auction ended, some of the lots had not gone above the $4 per lb, so I got all 40 pounds for $4 per lot, again, BUMPING OTHERS OFF THE BOTTOM OF THE LIST, at the same price as what they bid.&nbsp; Why?&nbsp; All because I had I higher price I was willing to pay, yet didn&#039;t need to.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; Doesn&#039;t happen often, but unless you know the ins and outs of the dutch auction, you won&#039;t realize how to win them without actually having to pay more for them.</p><p><br /></p><p>Feel free to send your &quot;donations&quot; of thanks in my direction, and please don&#039;t bid against me.&nbsp; LOL[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in