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<p>[QUOTE="stevex6, post: 2633106, member: 44183"]<span style="color: #0000ff">I find auctions to be totally random ... sometimes I'll steal something with an initial opening-bid ... but obviously if two or more bidders are really interested in a coin, then I've seen it go for many multiples of the initial estimate (again, it's pretty random)</span></p><p><span style="color: #0000ff"><br /></span></p><p><span style="color: #0000ff">I think the auction-estimators set their estimates slightly lower to entice folks to place an initial bid ... then the bidders have some skin in the game and they may increase their bid as time goes on to keep from losing the coin to another dawg sniffin' around their territory?</span></p><p><span style="color: #0000ff"><br /></span></p><p><span style="color: #0000ff">... on average, the hammer prices always seem higher than the initial estimates (</span><span style="color: rgb(0, 0, 255)">especially if CLIO is lurking in the background!!)</span>[/QUOTE]</p><p><br /></p>
[QUOTE="stevex6, post: 2633106, member: 44183"][COLOR=#0000ff]I find auctions to be totally random ... sometimes I'll steal something with an initial opening-bid ... but obviously if two or more bidders are really interested in a coin, then I've seen it go for many multiples of the initial estimate (again, it's pretty random) I think the auction-estimators set their estimates slightly lower to entice folks to place an initial bid ... then the bidders have some skin in the game and they may increase their bid as time goes on to keep from losing the coin to another dawg sniffin' around their territory? ... on average, the hammer prices always seem higher than the initial estimates ([/COLOR][COLOR=rgb(0, 0, 255)]especially if CLIO is lurking in the background!!)[/COLOR][/QUOTE]
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