What is the name of this pheomenon?
SOM
Posts: 1,555 ✭✭✭
A card that you want has been auctioned thirty, forty times over a couple of years or so. The hammer price never varies much from $100-125. A few BINs expire at $150. Finally, you decide to go for it. You've figured out a comfortable market value for the card, a nice example comes up for auction and you set your snipe comfortably at $135.
Three days into the 5-day auction, the card is at $166.
Help!!
Three days into the 5-day auction, the card is at $166.
Help!!
0
Comments
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>The card being auctioned off is high end for the grade or has superior eye appeal? Competitive bidding in a no reserve auction? Shill bidding? Could be any number of reasons. >>
Tim has laid out very reasonable explanations. I will go a step further and just recommend that you watch the conclusion of this auction and wait for the next listing to come. You mentioned the card has come up 30-40 times over two years, so if you pass on this auction, the next one should pop up within a month. It is amazing how some auctions turn out. There were many times I watched unopened boxes wrapped by BBCE auction at 20-30% the price of the box on BBCE's actual site! While BBCE had it in stock no less. So you never know what goes into the minds of bidders. If you know the price you are comfortable with paying, stick with that and wait for the next one to come up. Good luck.