09-17-2024, 08:19 PM
|
#55
|
Member
|
|
Member Info
|
Join Date: Mar 2011
Posts: 9,503
Thanks: 6,411
Thanked 9,021 Times in 3,964 Posts
|
|
Quote:
Originally Posted by edgarspencer
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 !
|
|
|