Anyone else go “on tilt” after missing out

PaulC77 · Dec 4, 2021

It might just be me, but then again it might just be human trait, but when you’ve lost a few commission bid type auctions with you highest bid placed… do you reassess and start upping your worth point perception for these pieces? Essentially going on tilt to win prices to make up for the ones you’ve missed?

I have, and I feel torn… maybe it’s the process of adjusting to new prices.

connieseamaster · Dec 4, 2021

Depends on the piece and price history. For something I really want that I just missed, I'll go with both barrels after the next one. If it's something that I was less committed to, I let go and move on.

PaulC77 · Dec 4, 2021

connieseamaster
Depends on the piece and price history. For something I really want that I just missed, I'll go with both barrels after the next one. If it's something that I was less committed to, I let go and move on.

Same, but sometimes I think my own evaluation is not moving with the market, it’s a tough call to try and take emotion out of it and evaluate if it’s just you… not you but me :whipped:

M'Bob · Dec 4, 2021

PaulC77
It might just be me, but then again it might just be human trait, but when you’ve lost a few commission bid type auctions with you highest bid placed… do you reassess and start upping your worth point perception for these pieces? Essentially going on tilt to win prices to make up for the ones you’ve missed?

I have, and I feel torn… maybe it’s the process of adjusting to new prices.

I did this once. Just missed out on a piece I really wanted, and when I found one similar, I over-paid, and regretted it.

JwRosenthal · Dec 4, 2021

I try to keep the emotion out of it but of course- we are human and watch collecting is a totally irrational pastime anyway. I have missed a few and reassessed my idea of what “market rate” actually is. If I keep shooting low, then my understand of the value is the issue, the market has just moved up.
That said, when there is a dramatic swing in the market (like Rolex) I opt out. You will just keep shooting behind it unless you totally overshoot- then you are totally going by emotion.
I have had a few rarities pop up that I know are unusual due to their condition or a variant that I know I won’t see again any time soon, if ever. Those I go balls-to-the-wall if I want it, it will be mine. If I get outbid- then someone was more rediculous than me.

connieseamaster · Dec 5, 2021

JwRosenthal
I have had a few rarities pop up that I know are unusual due to their condition or a variant that I know I won’t see again any time soon, if ever. Those I go balls-to-the-wall if I want it, it will be mine. If I get outbid- then someone was more rediculous than me.

This is pretty much where I end up. When it's something I have been hunting a know I won't see many of, my definition of "reasonable price" gets very tenuous. 😁 Luckily, there aren't many pieces that trigger this feeling.

STANDY · Dec 5, 2021

Better to overpay for exceptional condition is my motto…..
Hunt exceptional examples only is my other motto…..

(All the ones I overplayed for years ago were smart decisions nowadays)

Anyone else go “on tilt” after missing out

PaulC77

connieseamaster

PaulC77

M'Bob

JwRosenthal

connieseamaster

STANDY

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