I just got back from a cruise and had 300 emails to read
In a message dated 10/3/2009 1:58:53 P.M. Eastern Daylight Time,
[email protected] writes:
Well, it's a week late but thank you for backing up my position
Claude.
Sean
----- Original Message -----
From: Claude Litton <mailto:[email protected]>
To: [email protected]
<mailto:[email protected]>
Sent: Saturday, October 03, 2009 1:28 PM
Subject: Re: [MOPO] An odd incident on this past Sunday
Heritage Auction
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]] On
Behalf Of Jeff Herdan
Sent: Monday, September 28, 2009 12:34 PM
To: [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?
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