quote:
Originally posted by bjt:
I realize that ultimately, the highest bid wins, but how does one effectively gauge what that high bid should be without consistently bidding outrageously high?
(I've been burned by that tactic)
One simply decides how much one is willing to spend and sticks with that. For me, that value is often sentimental and that means that often I will bid more than the "going" rate of an item. But I decide that amount based on what I am willing to spend, regardless of how whether there are 2 or 200 bids. Some items appear more frequently than others and command a lower price. Others are less frequent and go for more money. But one still decides, based on his situation, what he is willing to spend.
I am not sure what you mean by being "burned by that tactic." If someone is willing to pay more for an auction item, regardless of his reason, does that mean he should NOT win the auction?
