Is Mr. Chairman bidding early now? (in General)
December 4 2006 4:00 PM EST
Looking at some auctions, I noticed the big man bidding now quite early. Check the MC and MS in auctions.
Prolly due to the new eBay style system.
I wouldn't say it's a bad thing. :-)
December 4 2006 4:57 PM EST
Well, assuming Mr. Chairman bids what it thinks to be the market value, do the complainers now have even more reason to complain, as items will only sell for more than before?
I think it is better because now he doesn't bid at the end of auctions so when people put their max bid on an items if Mr. Chairman bids over you just bid more ( If you want) therefore causing people to not need to stay and wait for their auctions to see if he will outbid you.
December 4 2006 5:50 PM EST
You are forgetting something, however: If Mr. Chairman bids early it means that he is setting the trend for how much items should go. In other words, by bidding first he sets the lowest amount for which the item will EVER sell, making it impossible for the item to become cheaper. This of course, only happens if Mr. Chairman ALWAYS bids first on the item, but the point still remains: It is better for Mr. Chairman to bid later, adjusting slightly the amount to be paid, than to be bidding first, SETTING the minimum amount to be paid.
Doesn't Mr C still *only* bid the next increment up? Therefore never setting prices, no matter how early he bids?
December 4 2006 6:21 PM EST
Yes, but for actualy people to buy the item they have to bid higher than his high bid, or wait for a few items to be destroyed to lower the market value... not a game I'm interested in playing.
heh? in this auction
mister C bid the same amount of cash
The chairman has ben bidding earlier and earlier for at least a week or two now.
No they don't thoop....
It all depends on how much the seller puts the item in for Mr C has no effect on that.
You put a 7 mil NW morg in the AH with a starting bid of 1 dollar, it's gets to the time Mr C will bid, and he *will* bid that 1 Dollar.
You can then snatch that morg very cheaply for the next bid increment.
See, no price rising or fixing.
It *all* depends on the seller.
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