Reply to "'74 L Mecum/Dallas.........."

garth66"When speed is the only thing that counts"

I think generally a lot of people get sucked into the bidding frenzy. A car with "no reserve" will sell at to the highest bidder, regardless of whether bidding even reaches market value. They myth is that folks then think they might get it for a steal/deal. That tends to generate more interest and a larger number of people watch the auction and begin bidding, in hopes of getting a great deal, then the bidding frenzy takes over. It's not rational.

It's happened to me on Ebay auctions and I've over paid for items I've won. That's why I now use Esnipe for any Ebay auction - it takes the emotion out of the equation.

9/11/1712:09 PM

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