Why Do People Get Into Pre-Live Auction Bidding Wars?

Also, for the budget conscious, it can be fruitful (on the odd occasion) to search the "Buy it now" after the Auction has closed,
and unsold lots are offered at reserve price.

Well, the lots that prompted me to start this topic have left earth and are ascending towards the heavens. Constant tit-for-tat increases driven by two or more bidders that just don't "get it". I am out. I can spend the same money or less for the same or better items from a dealer that I work with. Ridiculous. The House is laughing all the way to the bank. With my savings I am buying the SCF house a round on me. Pretzels with that?

On eBay I often find that if an auction lot goes unsold and the seller then offers it as a BIN, the price for BIN is higher than the reserve price of the auction.

I regard pretzels as even lower on the baking evolutionary scale than bagels. Is it possible to have Fat Rascals instead?

https://www.bettys.co.uk/yorkshire-...nes-box-of-4

Special dispensation has been granted to Geoff for "Fat Rascals".

Disclaimer: The ownership and staff in no way condone or participated in the naming of said baked good which could be seen as causing psychological harm to certain segments of the population by it's use of a harmful, hurtful and derogatory term commonly assigned to people genetically predisposed to falling outside of BMI societal norms through no fault of their own.

Wrap up: The lots that had my knickers on fire and prompted this topic had a fitting end. They all sold to the floor at prices that make a seller do cartwheels. Why I do not know. Not stuff that you never see. Not rare. Not scarce. Nice enough but the prices were head scratchers. By the way, this was the Raritan sale and floor bidding drove this auction at least in the Russian material. Reminded me of when NYStamps is at Rasdale's. I did score some airmails at the end of the Russian section for puzzling low prices. The floor bidders either left by then or all had to pee at the same time. C68b with Soviet Philatelic Bureau back stamp and Rossica cert, lightest trace of a hinge mark, catalog value $1500, sold to me for $500 plus tip. Also picked up a CO2 with cert for 1/2 cv and it had a good cert.. Should have grabbed the gorgeous MNH C68 that went for a little over third of cv. It was beautiful. Anyway, I have already ordered up the items that went for Moon prices in the auction from a dealer and saved a lot of $$$.

Time for some Fat Rascal's!

There was a local old car (mixed makes and models, pre-1965) auction this weekend, all cars being sold by a widow. Cars were mostly 1946-1965 and there were 65+ Studebakers, a few pre-war. All were basically 'parts cars' (read as frozen engines, rusty, not worth restoring). There were lots of Studebakers Larks, almost all 6 cylinder, no rarer models. The previous owner got most all these cars given to him back in the 1970-80 because they were virtually worthless then ("please come haul this thing away").

Every single car sold and sold for considerably more money than I would have thought them worth (I would not have taken some of them if they were free). Go figure.
Don

Don ----My guess is some of those "wrecks" went to people who just want something to play with and recondtion parts . I have to believe they do much like I do with stamps from the stamp auction firms . I buy two or three lots to add to my collection then shop around at the end of the auction for a "junk lot " . These junk lots are to just fill in the time between stamp auctions .I usually find a few things that I normally wouldn't buy but I find a place for it in my albums . Your buyers may be doing something like that in getting a part, cleaning it up and trading it for a part needed .