Watching a HA robo auction. - painful at $2 increments!
Lakesammman
Posts: 17,461 ✭✭✭✭✭
CWT auction today - check out the increments! 
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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Comments
shoulda jumped that to 10 million on general principle
Page 1 from the link below shows the bidding increments.
https://coins.ha.com/c/ref/terms-and-conditions.zx?view=terms&ic5=CatalogHome-AucType-Terms-071515
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Lots of CWT's going cheap, others for a few thousand.
Lots of ways to collect them!
I had no idea that CWTs were so popular!
I have always thought bid increments should be exponential to the number of bids. I guess it could be too complicated for some bidders.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
CWT’s have been getting very popular. This auction seemed a little stranger than previous ones, in that it seemed like there was very little pre-live bidding. I had followed 10 tokens, but they were spread out through the night. A few of these were $200 and a few were $1500ish. The $200 were all in the $20-$50 range pre-live and the $1500 were in the $400 range pre-live.
I tried to follow a few early lots, but got bored. I then set fair, but not super strong bids on the 3 tokens I was most interested in. I liked these 3 , but for me, there were no tokens I absolutely loved. Woke up and not unsurprisingly, lost on all of them. That said, my bids were all at least three times the pre-live bid, so I am guessing the auction took a long time.
I also think the shear number of tokens in this auction caused the bidding to be slower and different. There was a lot of tokens, and hard to know how the auction would play out and how to plan.