Count down to the G&D auction.

[ArtS]

Originally Posted by Dean Weber

Art,
As a seller in the G&D auctions, I am especially interested in your comments regarding a lower bid gaveling when you had a higher pre-bid. I urge you to call G&D to advise them so they can investigate. If you do, it would be great to hear their findings.
Best!

That is not what I said if you read closely. What I said was that it was possible to be the listed opening bidder and lose the auction when a duplicate bid is accepted from the floor or elsewhere and the auction closes before you realize your bid is not the the official bid, even though you were the high bidder when the lot opened. That has happened. There is no perfect solution when you are bidding over an internet connection, but that problem is becoming less of an issue with network improvements. As seller you are just as exposed to that issue as the buyer. I have lost many auction items in many auctions due to a temporary glitsch in communication, and that has to be accepted as part of the system. It also deprives the seller of an extra bid, but no one knows except the bidder. What I am addressing here is the fact that I have been the bidder of record when the lot opens, thought I had the bid and didn't realize I had lost until the hammer dropped.

[Dean Weber]

Originally Posted by Arthur Shaffer

That is not what I said if you read closely.

Sorry, Art. What I read in post #44 was the following. After reading more closely, you were saying it is possible to lose to a lower bid, not that you did. Got it.

Originally Posted by Arthur Shaffer

It is possible to even lose to a lower bid than your pre-bid if the online bids are reported too slowly.

[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.

[6pt-Sika]

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 .

[Reggie B]

Edgar I think most all auctions work that way. If the bidding stops below your max you pay less. If it exceeds your max you lose out. The last gun I purchased via auction I placed my highest bid. The bidding increased but stopped just shy of my max so I won.

[edgarspencer]

Originally Posted by Reggie Bishop

Edgar I think most all auctions work that way. If the bidding stops below your max you pay less. If it exceeds your max you lose out. The last gun I purchased via auction I placed my highest bid. The bidding increased but stopped just shy of my max so I won.

That's the part I do get. What I didn't get was why a floor bidder can tie my bid, and my bid was submitted weeks before, but the floor bidder won it. My thinking was earliest bid should win, but they explained that I wasn't there to break the tie. Now, if I pre-bid in an auction, I walk away, and let the chips fall.

The auctioneer did say that if I really want something, just put "Bid To Win". He obviously had me mistaken for someone else.

[WHO]

Edgar,
That exact same situation happened to me during this auction. I was high bidder when the auction started and the item sold for my high bid amount to someone else. Being there in-person does have it's benefits.

[Wild Skies]

The last gun I bought by auction was via an absentee bid. I specified my maximum bid plus one. Which means they (the auction company) automatically adds the next bidding increment in the event someone ties your max bid. I won that gun with the plus one increment.

[Stan Hoover]

The auctioneer did say that if I really want something, just put "Bid To Win". He obviously had me mistaken for someone else.[/QUOTE]

For some reason, I thought that was you Edgar "Bid to Win"

[MrBojangles]

It depends on the auction house. Some, the first bidder to a certain figure will take it, no matter where located. Others, a floor bidder supersedes any previous bid. You have to ask these questions BEFORE the auction begins.