I am watching an auction on the GB site, and it is a gun that I really want.
With just a couple of days left, I am about to jump in, and put in a bid that is the most I want to pay.
I will assume that the bid will be sufficient to win....mainly I will overpay a bit to get the gun.....but then you never know.
In terms of strategy, should I wait until close to the end and bid up from there or just blast everyone out of the water right now and put in my maximum bid?
I will sell a couple of guns at a significant profit (I'll do that here) so I really don't mind overpaying a bit for the gun.
I am new to auctions so I really don't know the best way to proceed.
Anyone have any thoughts?