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Subject: 
Re: $2,137.00
Newsgroups: 
lugnet.lego.direct, lugnet.market.theory
Followup-To: 
lugnet.market.theory
Date: 
Sat, 13 Apr 2002 00:30:03 GMT
Viewed: 
1532 times
  
In lugnet.lego.direct, Pedro Silva writes:

Actually, I'm sort of confused as to what exactly that "iron horse"
(ferroequus, whatever...) dude was doing - why did he successively outbid
himself?

Frank explained the mechanics, as for the motivation I speculate he was
trying to outbid the current high bidder but by just a little. That's a sign
of indecisiveness, inexperience, or possibly bid shielding.

Hope that helps.

FUT market.theory as it has to do with the whys and wherefores of bidding.



Message is in Reply To:
  Re: $2,137.00
 
(...) Actually, I'm sort of confused as to what exactly that "iron horse" (ferroequus, whatever...) dude was doing - why did he successively outbid himself? Pedro (who knows virtually nothing about the fantastic world of auctions) (23 years ago, 12-Apr-02, to lugnet.lego.direct)

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