When representing an absentee bidder, where is it acceptable to start the bid?

When representing an absentee bidder, starting the bid at half of the maximum absentee bid is a strategically sound practice. This approach ensures that the bidding process effectively engages potential buyers while respecting the interests of the absentee bidder.

By initiating the bid at half the maximum amount, it creates a competitive atmosphere. This starting point allows other bidders to participate meaningfully, as it invites incremental bidding while still maintaining the confidentiality of the absentee bid's maximum limit. It strikes a balance between giving the absentee bidder a fighting chance without disclosing their full bid amount to the public, thereby protecting their interests in the bidding process.

In contrast, starting at the maximum absentee bid could deter other bidders from participating, as they may view the price as too high or unapproachable. Meanwhile, beginning at a quarter or a random amount might not instill enough confidence for an adequate bidding war to unfold, ultimately compromising the potential returns from the auction.