BA773 Posted May 11 Share Posted May 11 Never tried yet, do you like it? The thrill of being outbid... Did you already been through a fight to the death against someone in an auction, bids after bids without end, and even overpaid just to get the satisfaction of the win? I think it could be the bad repercussion for some guys who have the winner mentality... Link to comment Share on other sites More sharing options...
ExNihilo Posted May 11 Share Posted May 11 No, because the things I want on HA tend to be fairly expensive and i'm not willing to overbid on an item just for the thrill of the win. Especially when overbidding on something can be another 4 figure sum. BA773 1 Link to comment Share on other sites More sharing options...
gumption Posted May 12 Share Posted May 12 I’ve won five or six live auctions by now. Fortunately, I have yet to engage in a bidding war. They’re not my favorite auction house, considering the heavy 20% Buyers Premium. But they often get the best offerings. For one particular high-ticket win, I took advantage of their installment plan, and I was able to pay off my book in six months. Some points of advice: 1) Don’t place a bid during the online auction period (the two-four week period prior to the live sale). Because you’d be announcing your bid early on, and you wouldn’t want to help jack up the bid early. Better to leave a high Proxy Bid, which only initiates during the live auction. 2) Be disciplined. If you decide to participate in the live auction, you should go in with a strong idea of your max bid - with the 20% juice added on. Heritage also charges tax and an extra fee for credit card payment. 3) Be careful with your bidding. You just might win! BA773 and ttfitz 1 1 Link to comment Share on other sites More sharing options...
