31 Mar
2009
31 Mar
'09
12:36 a.m.
In article <49D14A69.9040004 at gmail.com>, Sridhar Ayengar <
ploopster at gmail.com> writes:
Go to an actual in-person auction sometime. NO-ONE
bids their maximum
bid up front.
Of course not. But try submitting a $1 bid at a sealed bid auction for an
item you'd be willing to pay $1000 for. Typically that's not a good tactic.
Ebay is somewhere in between a sealed bid auction and an open bid auction.
The only way to find out what someone has bid is to submit a higher bid.
Eric