Three’s Company
They say “two’s company, three’s a crowd”, but when it comes to DealDash auctions, I’d say “three’s company, any more is a crowd”.
Every time I see more than three bidders actively bidding against each other, I have to ask myself “Why?” When an auction comes down to only two bidders, obviously it is in danger of ending at any time. But, when there are three bidders involved it’s a relatively safe bet that two of those bidders will not drop out at the exact same moment. Does it happen sometimes? Sure it does, but is it really worth spending bids to safeguard against this happening? What’s that you say? You’re heavily invested in the auction, and you’ve got to step away from the computer for a bit. Ok, that’s a pretty good reason to be the fourth bidder, but can anyone tell me why they would want to be the fifth, or even the sixth bidder? I’m sorry, but I just can’t think of a good reason to bid in an auction that already has four active bidders. Unless, maybe you’re concerned that DealDash isn’t making enough money and you don’t want to see them go out of business. Well, I don’t want to see them go out of business either, but I’m pretty sure we don’t have to worry about that.
Let’s think about this as a stool. A stool needs at least three legs to stand. And, a stool with four legs is sturdier than one with only three legs. But, you tell me, how many stools have you seen with five legs? How about six? Probably not too many.
Obviously, everyone has their own style of bidding so don’t think I’m trying to tell you how to bid. I’m merely suggesting that the next time you consider firing up your BidBuddy in an auction that already has three or four active bidders, you think about that five legged stool. You just might find you’ll save yourself a few bids.
Have fun, and please bid responsibly.
