View Single Post
Unread 09-17-2024, 08:19 PM   #55
Member
6pt-Sika
PGCA Lifetime
Member
 
CraigThompson's Avatar

Member Info
 
Join Date: Mar 2011
Posts: 9,503
Thanks: 6,411
Thanked 9,021 Times in 3,964 Posts

Default

Quote:
Originally Posted by edgarspencer View Post
Years ago, it was explained to me by Dan Kull, though I'm not 100% certain I can state it as he did to me, after loosing an 1895 Deluxe Winchester. I had submitted a written bid about a week before the auction, which I thought was the winning bid. In fact I didn't win it, because the auctioneer started the item well below my bid, but because of the bid increment, a floor bidder tied my bid, but because I was not present to enter a tie breaking bid, and the floor bidder was, the gun was awarded to the floor bidder. What I never understood, was why they started well below my bid, and not opened the bidding at what was, at the time, the highest bid.
If there are say six proxy bids of which let’s say five are $1000 or below and yours is say $1500 and the increment above a thousand is 250 they should start at $1250 and go from there . They shouldn’t start it more than one increment above the next closest proxy bid to yours .
__________________
Parker’s , 6.5mm’s , Mannlicher Schoenauer’s and my family in the Philippines !
CraigThompson is offline   Reply With Quote
The Following User Says Thank You to CraigThompson For Your Post: