In any auction where there is a limited budget, you want to get the most money  out of your fellow owners as quickly as possible.  The best way to do that is to  nominate players that you have absolutely no interest in.  
For instance,  say you think that Michael Vick played way over his head last year and he is  destined for ruin.  Or at least miss 4 to 6 games due to injury because of his  playing style.
Nominate him ASAP.  And put a price tag out there that is  15 to 20 percent less than his value.  Sit back and watch the feeding frenzy.   You may have to throw another bid in there to keep the ball rolling, but be  careful not to go over 88 to 90 percent of projected value.  
So,  then...the idea is to nominate players that you don't like, but play up like you  do like them somewhat.  Go into your auction with a list of 10 names that you  despise with what you think your league will value them at and another  annotation with a 15% discount.  
I say 10, because by that time, 100 to  120 players have been nominated, and roughly 75% of the auction dollars are  spent.  This is the time where you start making hay.  You may have to pay 10%  more on a $10 guy...but in a whole dollar sense, that is exactly one whole  dollar.  
Think of it this way.  If you had to spend 10% more on your $50  guy...that would be $5.  Cheaper to keeper and pay up on the lower end and build  depth.  With bye weeks and injuries, this is very important.  
Have a  second list of $5 to $10 players that you would be willing to go up a buck or  two to land.
Good luck and happy bidding. 
 
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