Quote:
... The saddest thing is that there are indeed folks who will outbid the shill bidders. Not too often, but it happens. ...
Easily understood, though.
Bidders take clues from one another; how could they not?
The less they know, the more likely it is that The Other Guy knows more than they do.
TOG's bid is also a clue as to the market-clearing price, as Basil & I would put it.
If $2500 is the market-clearing 'fair' price, and I only have to over-pay by $50 to 'win' the lot, I am getting stamps 'worth' $2500 for $2500, and the thrill of victory for $50, which does not buy two movie tickets & two 'casual dining experiences'. Quite a deal, really.
It all plays more easily with 'collections' than individual stamps, of course. Checking the catalog price & recent auction results of one stamp is one thing, but doing the same due diligence on twenty different items and then, G-d Forbid, using m-a-t-h to arrive at a lot price is a lot of work.
Taking your pricing clue from The Other Guy is much faster, and more suited to the click-by-click life.
Cheers,
/s/ ikeyPikey