This Internet bidding has been a new and a learning experience for me. At first I thought I had an answer for you, but looking at the bids, I'm not sure. It could go either way. The problem is if it doesn't recognize you and does expose your maximum amount you will bid, then at the live auction, a person who knows your max. bid, and has ABS's interest at heart, will bid up to just below your max. bid and you will pay the max. price. Better let Bill answer this one.mantis wrote:Question here: I am currently the high bidder on a few plants. One of them I want to increase my max bid. To do that do I just bid again with a higher amount? If I do that will it leave the current bid the same, or will it see me as another bidder and place the new bid against my current max bid?
I don't agree that the people at the live auction should have an advantage. The purpose of the auction is to raise money for ABS and ABS should get the max. amount of money it can from each plant. A good number of the bidders will bid more for the plant than they know they can get it for from a bamboo nursery. They bid more knowing where he money is going and to help fund ABS.
Also a comment. It would be nice to see the high web bidders have a shot at upping their bids on the plants if they do get outbid at the convention, but I do understand that the people who actually make the effort to show up at the live auction should have an advantage.
But if they, being the winner of the internet bidding wars, have a chance after the live auction to bid it out with the winner of the live auction, then wouldn't that achieve the goal: More money for ABS?
On the flip side, in theory the max bid that the web bidders place should be the maximum they are willing to bid on the plant, so if they do get out bid at the live auction then it really doesn't matter because the plant sold for more than what the web bidder was willing to pay.
Not to cut ABS out of any money, but you've got to put it in perspective. You can get a B. lako shipped to your doorsteps for about what you are bidding now, assuming what I see is your top bid.
Anyway, I got off track. What is my point? Simply this: I want to win the B. Lako, but I don't want to front $1000 to guarantee a win.
Remember also, that on some of the rarer bamboos, those bamboos are purposely "bid up" to enhance the price for the people who have this bamboo for sale at their nursery. "3 GALLON SOLD FOR $500 DOLLARS AT THE ABS NATIONAL AUCTION IN 2006". Good marketing strategy even if you have to overpay for a plant or have someone buy back your plant for a high price.