*JR*
*First of all the live auctions are normally much better material.*
*They also take place a few times a year (Heritage has 2 or 3 and
Everett has 2)*
*The auctions move very quickly and the auctioneer does about 100
to 120 posters per hour. *
*You can pick and choose what you want to bid on there or via
telephone, which is my normal bidding operation*
*Once the bidding starts you must make up you mind in seconds not
5 minutes and then 5 more.*
*I make time for these auctions because of the better material .*
*I do not have the time to sit at the computer and watch while
the bidding goes up, adds 5 minutes,etc. I don't know what you
do for a living but I work about 60 hours a week. I play
racquetball 3 times a week at a club for 2-3 hours on Sun, Tue,
Thu. I go to the gym 3 other days a week and run for an hour.
Friday is my day of rest. I make more money per hour than most
on those on MoPo make in a week and they don't pay me that for
sitting around playing with poster auctions. If you Google me
you will see who I am and why my time is heavily scheduled.*
**
*I have a wife, 4 children and 8 grandchildren. These are more
important to me than sitting at the computer waiting for extended
bids. *
**
*My work day starts at 6:30 am after 15 minutes looking at ebay.
If I see something I want, I immediately place a snipe bid and
that is it for the week on that poster on ebay.*
**
*I generally look at Bruce's auctions on Tuesday and Thursday
nights around* *10 to 10:30 and then go to bed.*
**
*I only placed one high bid recently on Bruce's auctions because
I loved that poster and haven't seen one in many years. (I won
if you are interested). Had I been able to snipe I believe it
may have gone for less but not much. *
**
*There are too many auctions on the internet every week for
extended bidding. I do believe one thing because I have given it
some thought. Most of the people who complain about sniping are
those who really do not bid a lot for posters. I'll bet an
hour's wage that the bulk of those who complain never bid as high
as $100 for a poster. Their mentality is that if they had only
placed one more bid they would have won. They have no clue about
how high the snipe bid really was.*
**
*Finally, sniping prevents the auction house from taking your bid
higher. Please don't misinterpret this to point a finger at
Bruce or Grey. I believe they do not do this and I have placed
high bids on both and I was not run up. However, the current
state of the hobby has created too much turmoil, doubt and finger
pointing which can be helped using sniping.*
**
*I said enough and Bruce will now answer me. We have a friendly
adversarial relationship on this subject and I will not budge.
Maybe, he will on his better auctions which are infrequent. This
could be a good compromise.*
**
*Claude Litton*
**
In a message dated 10/3/2009 4:01:06 P.M. Eastern Daylight Time,
[email protected] writes:
*Claude,*
*First of all, I'm not advocating eliminating sniper
programs... it is great that they keep one's maximum bid
secret, even from the auction house and it is great that they
mean I can keep bidding automatically as the auction is
ending when I can't be at my computer.*
*The only thing extended bidding times at Heritage would do
would be to prevent the behind the scenes, last micro-second
ambush where the other bidders don't have an opportunity to
try to try to outbid the last bid. Which is *exactly* how
live floor auctions work -- do you have a problem bidding in
live floor auctions? They *all* have "extended bidding time"
where the guy holding the gavel says "I now have $5,000... do
I hear $5,200? No? $5,200 anyone? Going once at $5,200...
going twice.." etc. If you don't have a problem with live
auctions which have extended bidding times, why should you be
so adamant about internet auction having the same thing?
*
*Whether the other bidders can win if it happens to be you
they are bidding against is immaterial -- the other bidders
should still have the option to try.*
*And besides, if you keep your promise that you will never
place a high maximum on an extended time auction... wait...
doesn't that means that in those cases we actually do stand a
chance of winning, even against you (if you keep that promise)?
*
*-- JR*
Claude Litton wrote:
*What is the point of you seeing a bid in the last few
seconds if you cannot outbid me (as you stated). There
isn't a single poster that I cannot buy so if I want it I
can bid with an outrageous price and you cannot beat me.
For example: If a poster has a value around $4,000 to
$5,000 based on rarity and recent sales, what good does it
do you if I place a snipe bid of $10,000? You are tilting
at windmills.*
**
*There was a poster I wanted a while ago with a value of
$5,000 based on previous sales and similar titles by the
same actor. I placed a snipe bid of $15,000. So what does
the knowledge of being beaten every time you place an
extended bid do you? You can't win. There can only be one
winner and these weekly auctions have to end sometime. *
**
*The most important factor here is this. I will not under
any circumstances place a very high bid in an extended
format so the loser is the seller. I do not want anyone to
know what I am willing to pay for a poster. Sniping is the
only way to go.*
**
*CJL*
In a message dated 9/28/2009 5:33:21 P.M. Eastern Daylight
Time, [email protected] writes:
Todd (and others opposed to 1 or 2 minute extended
bidding times),
This is an example where modern technology has corrupted
our cultural philosophy. Letting the sniper programs
battle it out in the last micro-seconds behind the
scenes where no one can see what is going on is just
fine if you don't care about the concept of public
auctions being a level playing field where everyone
bidding has the opportunity to keep bidding after a
higher bid has trumped their own. But that is exactly
how things are done at live auctions. Why shouldn't it
work that way for internet auctions? Just because Ebay
never did it that way?
I *like* sniper programs and use them. I do agree that
it is a good thing if the auction house cannot see your
maximum bid -- no temptation, no potential conflict of
interest and no foul. That's one of the big positive
aspects of sniping programs. And, as you say, it's great
that you don't have to sit at the computer with your
fingers glued to the mouse counting down those last seconds.
But we all know that one's theoretical "maximum bid" is
not always writ in stone. Have you never adjusted your
maximum snipe bid as the auction was nearing its close
and you saw how the bidding was going and decided that
maybe your original maximum might not be quite enough? I
certainly have.
If someone has enough money to place extremely high
maximum sniper bids on anything they want and so
virtually guarantee they will win 99% of what they bid
on... well that's very nice for them, isn't it? But most
of us -- even those who do use sniper programs like
myself -- don't have that luxury and we should be able
to see what the last bid is and decide (quickly) if we
want to try to outbid or not. Fair is fair.
-- JR
Todd Spoor wrote:
To All,
I really don't see the point of extended bidding, if
you put in the MAXIMUM you want to spend in the first
place, if you get outbid in the last second, so what,
you weren't going to spend more than that anyways!!!
Sniping is a great way to enter a Maximum bid and NOT
have to watch the auction especially if it closes at an
odd time or if you are at work. I win 99% of every
auction I bid because of sniping plus the AUCTION
HOUSE can not see my maximum bid!!!
Todd Spoor
-----Original Message-----
From: James Richard
Sent: Sep 28, 2009 4:05 PM
To: [email protected]
Subject: Re: [MOPO] An odd incident on this past
Sunday Heritage Auction
Grey,
How is extended bidding a waste of time? If no last
second bid comes in, then the auction closes as
scheduled. If a last second bid does come in,
automatically extending the auction's end time by
maybe 2 minutes gives other bidders who want the
item a chance to trump the last-second bid. Hardly
a waste of their time if it means they win and
auction they otherwise would have lost -- and both
Heritage and the consigner make more money.
Where's the downside?
I do think the implementation of extended bidding
at emovieposter.com is too broad. I think in that
case that if a bid comes in during the last 5
minutes the end time is extended by 5 minutes --
since lots of people prefer to place a bid in the
last couple of minutes, parameters like that *do*
tend to waste people's time. To work more
efficiently, parameters should probably be 1 or 2
minutes. An extra 2 minutes isn't going to bother
someone -- not if they really want the poster --
and it puts everyone on a level playing field
whether they are using gavelsnipe.com or not.
-- JR
Smith, Grey - 1367 wrote:
Hi, John.
Well, the email was supposed to go private but my
mistake.
Yes, many snipe bid on the site now.
In fact, as you are aware, we end all items at
10PM CT every Sunday evening, so many prefer not
to have to sit by the computer.
My belief is that the extended bidding platform is
a waste of our bidder's time, though one of our
other divisions does use it.
Grey
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