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Posted 05/15/2014 12:38 pm
I totally agree with you Solotime. Some questions to ponder- is there any seller you bid with 46% of the time? And wouldn't you like/expect to win more than two auctions after taking the time to place more than 2,900 bids with your favorite seller?
Please allow me to add some additional perspective. Let's say each of those 2,900 bids took 20 seconds each. I think on average that's a reasonable estimate. That totals, in one month, 58,000 seconds, or said another way, 16 hours of time. 16 hours of time, to win 2 auctions. Let's also say, for the sake of intellectual discourse, that the coin collector placing these bids makes $20 an hour. That means this bidder spent $360 of his time to place more than 2,900 bids only to win 2 auctions. So the time burden to do this cost him $180 extra per winning bid. Does that seem like a workable model for a genuine collector?
Please allow me to add some additional perspective. Let's say each of those 2,900 bids took 20 seconds each. I think on average that's a reasonable estimate. That totals, in one month, 58,000 seconds, or said another way, 16 hours of time. 16 hours of time, to win 2 auctions. Let's also say, for the sake of intellectual discourse, that the coin collector placing these bids makes $20 an hour. That means this bidder spent $360 of his time to place more than 2,900 bids only to win 2 auctions. So the time burden to do this cost him $180 extra per winning bid. Does that seem like a workable model for a genuine collector?
