Author: Clive Munro
Date: 00:00:56 04/08/05
Go up one level in this thread
> >Good analysis - I never thought of that. However, why then would the "newbie" >stop short of topping the lower of the two bids by the German bidder? > >You are probably correct in your analysis, but I cannot understand why anybody >would bid *two* high bids early in the auction. They are just setting >themselves up for getting bumped up, up and away. I can't understand a single >early high bid.....but two??? > >Thanks for the thoughful analysis. > >Dick Schneiders Hi All It could be a shill bidder as the bidding stops as soon as the increment of $20 a bid ends. The bidder can safely do this as there is still another bid by the German bidder but now he is sure to sell high. We saw this in a recent auction for a Phantom or CC1 did we not? Best Clive
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