Surprising Response on Gunbroker

[6pt-Sika]

Originally Posted by Mike Poindexter

I will sometimes place a minimum first bid just to hold the gun, not expecting to get it at that price. Anything other than that, until the last 15 minutes, is a waste of time and energy. Some people never learn.

Ive been playing GB auctions both ways for years . If you wanna "try" and sneak a bid in do it with 20 minutes to go and not less then 15 minutes . If you do it at less than 15 minutes all it does is reset for another 15 minutes .

[David Noble]

Originally Posted by CraigThompson

Ive been playing GB auctions both ways for years . If you wanna "try" and sneak a bid in do it with 20 minutes to go and not less then 15 minutes . If you do it at less than 15 minutes all it does is reset for another 15 minutes .

I've done that before also. If someone bids over me I wait until the 15 minutes is almost up, and keep doing this until the other bidder gives up. Of course I have a limit in mind that I won't bid higher than, but I have outlasted a few.
I think one reason people place bids early on is to get the bottom feeders to drop out early so they won't get caught up in the auction frenzy at the end and just drive the price even higher.