I had a very interesting experience in yesterdays Heritage Sunday auction.
I bid on lot #54132 (Buck Jones Desert Vengeance Lobby Title Card). I
placed a bid of $260 + 19 ½ % buyers premium (total of $310.70). .I made
the bid with less than 1 minute to go. The previous high bid was $80
(+premium) and when my bid was listed as the high bid, my bid was shown as
$150 (plus premium)
again with less than 1 minute to go.
I watched the seconds tick down and when there was literally 1 second to go,
I was still the high bidder at $150. However, when the auction ended, it
suddenly showed a high bid of $280 (plus premium). Somehow I was outbid.
I wonder how this happened
.was it a fluke that someone with hands as quick
as Eli Manning just made the higher bid with 1 second on the clock or maybe
it was an internal bidder who recognized that I was about to make a good
purchase.
Frankly with all the press that is going on regarding shill bidding in
Auction houses (with Heritage being named as one who uses internal bidders
and fictitious bidders, I seriously wonder if this was just such a case
.I
cannot be sure, but it certainly leaves one to pause to think.
I know that I will not participate in future Heritage auctions. Any
thoughts?
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