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Old 01-12-2010, 13:19   #1 (permalink)
greenjeepster
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Default Why a 10 K bid deposit?

I have been of the belief that the 10 K bid deposit on some items is for items that they know will end over that amount and is an easy way to make sure the bidder has the money available. Lately; I have noticed more and more that they are placing a 10 K bid deposit on more and more items that only end up selling for a few hundred dollars. What on earth is the point of blocking out bidders with a high bid deposit on cheap lots? I sometimes want to bid on these lots, but if i give them a 10 K deposit I can't bid on anything else in that event because all my money is tied up in a deposit.
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