Auctions - why bid early?


It seems to me that bidding anytime before the very end of a timed auction merely raises the final price. Fun aside, if winning the unit up for bid is the goal, can anyone offer a practical reason to bid early?
rockvirgo

Showing 1 response by joseph21

There is a reason no one else has mentioned. When an item is obviously being auction by a private individual (Not an antique dealer) and is extremely under it's value I'll place a bid just to keep a dealer from taking advantage of the uninformed. A good example would be someone selling their Dad's collection, or stereo after he has passed on.