b.A.T. - who has bid on an auction before?

IA Shelby

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Just got signed up to bid. I have been watching the site for some time and finally came across something that prompted me to register and bid.

There is at least one early aggressive bidder. The last few bids he has been upping his bid by 5k increments every time a new person enters a bid. Looks like he is trying to send a signal to scare off others early in the process.

There is 3 days left. Do you guys recommend just holding out to bid until the last minute? This one bidder seems determined to outbid others.

Any words of wisdom or strategies that I should think about as an online auction newbie? The vehicle I am looking at is a rare vehicle that has been tastefully modified. If I miss it, there won’t be another one like it for the most part.

Thanks for any feedback.

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KilledbyKenne

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Could be the seller or an agent operating for the seller to drive up the price?

I'd hold out until the end for sure.
 

IA Shelby

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the seller is from Wyoming who runs a resto shop. The bidder appears to be a doctor from the east coast. I say that because his BAT username was fairly unique and he listed it out. Could be wrong of course.

I am planning to hold out until the last minute. What I am willing to pay and what I would like to pay are two different things.

I am hoping if everyone stays away until the end the other bidder will think he has it in the bag.
 

13COBRA

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the seller is from Wyoming who runs a resto shop. The bidder appears to be a doctor from the east coast. I say that because his BAT username was fairly unique and he listed it out. Could be wrong of course.

I am planning to hold out until the last minute. What I am willing to pay and what I would like to pay are two different things.

I am hoping if everyone stays away until the end the other bidder will think he has it in the bag.

If you bid with 0:01 seconds left, it'll add 2 minutes to the clock and notify him he's not high bidder.
 

Klaus

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I have bid on a couple. Like everyone says, the auction does not really start until the last 30 minutes.
 

openaccount

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I've bid on carsandbids.com.

It can be worth bidding to what you think reserve is right off the bat to discourage potential bidders. Otherwise you just have to sit on a CC hold until you inevitably get out bid in the last couple minutes when the frenzy starts.
 

Low Class Yuppie

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If you bid with 0:01 seconds left, it'll add 2 minutes to the clock and notify him he's not high bidder.

Yesterday, I watched an auction for an '84 Porsche go on for an extra 15 minutes like this. The selling price increased from the mid-$40k range to the high-$60k range.
 

Crimson2v

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I don’t like how BAT extends the bidding, the bidding should stop when it is scheduled to end. I was watching Harry Gants Skoal/Bandit car and it “ended” at 30k but they kept extending it until it finished at 41k.
 

specracer

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You MUST be there in the last "2 minutes". I've bid a few times. Been either out bid, or sometimes never even got a bid in (past my limit). Did buy a car from it, one that did not meet reserve (I was high bid), worked it out after.

My suggestion, come up with an all in number your comfortable with. This includes BaT's 5% (capped at $5k) and transport costs. Then stick with that. Be prepared to walk away, and avoid the emotions that can be triggered by the comments. A month ago, won a car at RM, this logic kept me in budget, and I wound up a bid shy of my limit. I knew where I was, and when I was out.

Good luck
 

specracer

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When your at a live auction, the bidding goes until it stops. Its not timed. This is the fair way to get all bids. Ive watched in the last "2 minutes" (which can take 30+ minutes) go up over $100k. Consider if you were selling, would you not want the highest bid possible? On line vs live, this is the only way that seems right for everyone.

I don’t like how BAT extends the bidding, the bidding should stop when it is scheduled to end. I was watching Harry Gants Skoal/Bandit car and it “ended” at 30k but they kept extending it until it finished at 41k.
 

Crimson2v

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When your at a live auction, the bidding goes until it stops. Its not timed. This is the fair way to get all bids. Ive watched in the last "2 minutes" (which can take 30+ minutes) go up over $100k. Consider if you were selling, would you not want the highest bid possible? On line vs live, this is the only way that seems right for everyone.
As a buyer I was wanting it cheap, if I’m selling I would obviously want the highest bid.
 

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