Quote:
Originally Posted by Stan Hillis
If it's a gun that I'd like to have but I'm not all that worked up over I may bid the highest amount I'm comfortable with, and leave it at that. That way I don't have to be "there" when the gavel is about to drop, to sneak in another bid. Downside is you may leave some money laying on the table. Upside is you don't have to raise bids over and over.
I've won a few nice guns that way, and actually never felt like I overpaid for any of them, because I was careful what I figured my top dollar to be. I'm a big fan of silent auctions. They go a long way towards eliminating emotion from the bidding, IMO.
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That is pretty much my approach. The statement you make which is not correct is that you may leave money on the table. If you make a bid that is your maximum, you always pay only what the number 2 bidder is willing to pay plus the minimum bid increment. You are only commited to the max amount if it is necessary to overbid other bidders. The techniquw actually minimizes the amount you have to pay. I usually place my bid 30 minutes or so before the end so that I don't cause a lot of early bidding.
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