Extended auctions make no sense. Internet auctions are not like live auctions. They go on for a week and during that time you have plenty of time to make up your mind how much you are going to bid. Live auctions are fairly rare and do not take place very often. The idea of being a slave to your computer chair to see if you have to bid more is idiotic. Bid your highest price and stand by it. There can only be one winner no matter how long an auction runs. Extended auctions only serve to drive up prices for the seller. Finally, live auctions feature high end posters and not a zillion posters at $5 or less. The irony of this is that I rarely bid on Bruce's auctions. I scan all posters for sale every day and I place a snipe bid on ebay immediately. I do not have the time to waste sitting at my computer to see if someone is going to outbid me in the last few minutes and extend the auction. I happen to bid very high when I want a poster but I don't want to be run up by someone placing a bid every few minutes near the end. I would just as soon pass. On the other hand when there is a live auction such as at Heritage and Everett I will take part because I can bid via telephone. These are higher end posters and I have no problem with such auctions a few times a year. To do this weekly is a very bad idea. CJL In a message dated 9/28/2009 3:44:52 P.M. Eastern Daylight Time, [email protected] writes:
Grey, Well, since your message ended up going public, I have two comments: 1) Thanks for the tip about Gavelsnip.com, I didn't know about that one. 2) Since it is possible to snipe Heritage auctions in the last micro-second, wouldn't it be a good idea for Heritage to implement on its internet-only auctions the same kind of "extended bidding time" that emovieposter.com uses -- where if a bid comes in during the last couple of minutes the end time of the auction is automatically extended by 5 minutes so that other bidders have a chance to respond? -- JR Smith, Grey - 1367 wrote: Jeff, I am writing you privately concerning this as this does concern me and I believe it is because you seem to be unaware that there is a very good snipe program that works on our site. Many, many use the program. It is called Gavelsnip.com and is free to use. Also works on eBay! I know the buyer of the lot you are concerned about and emailed him asking him to perhaps privately email you and tell you how his bid was placed. It may happen and he may not. He is a gentleman that lives in California and buys frequently with us. All the best, Grey Smith From: MoPo List [_mailto:[email protected]_ (mailto:[email protected]) ] On Behalf Of Jeff Herdan Sent: Monday, September 28, 2009 12:34 PM To: [email protected]_ (mailto:[email protected]) Subject: [MOPO] An odd incident on this past Sunday Heritage Auction I had a very interesting experience in yesterday’s Heritage Sunday auction. I bid on lot #54132 (Buck Jones ‘Desert Vengeance’ Lobby Title Card). I placed a bid of $260 + 19 ½ % buyer’s 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? Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
