"Pre" and "Proxy bid"? and want some help about a pre-Anatasius coin:

It's been a while since i last did bid. One thing has changed:



I don't understand the difference?

What will happen if I do a pre bid of 100 Euro? And what will happen if I do a Proxy bid of 100 Euro?

I want to bid some few seconds before it closes. Just as I tended to do before....



One more thing:

I want ONE of these two coins:

https://www.biddr.ch/auctions/savoca/browse?a=287&c=4421&l=265501

https://www.biddr.ch/auctions/savoca/browse?a=287&c=4421&l=265506

I just want a coin before the monetary reform of Anastasius. Sadly, I am skilled on coins AFTER Anastasius.

It is very important to me that they are from Constantinople, and that they are attributed to the correct emperor.

So, can an expert confirms that the attributions are correct?

And can you tell me what the hammerprices tend to be for these coins?

Thank you for any help you can provide.

 

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In the Biddr application, a prebid is executed immediately. A proxy bid is not executed until the coin hits the virtual block, so it's like having a bidding agent at a live auction. You don't have to tip your hand ahead of time like you do with a prebid.

I've used Biddr many times with a handful of auctioneers but I've never participated in any auctions in which the auction house had enabled proxy bidding, unfortunately. You'll see that Savoca does not allow proxy bids (the choice is "grayed out" in the drop down menu).

A very helpful feature in Biddr is the notification feature. I put a lot of coins on my watch list and for coins of highest interest-- those I definitely want to bid on-- I click to have Biddr sent me a text message approximately 50 lots before. That's an estimate of course, but it's better than trying to predict the closing time on my own.

The text reminder came in very handy last year on a provincial I really wanted. I was visiting my mom in Texas and we were at the end of a road trip (back-to-back Queen+Adam Lambert concerts in Dallas and then Houston). Somewhere on a back road in Texas I received the reminder. I had her check on the coin and fifteen or so minutes later I pulled off the road, waited a minute or two, executed a few live bids, won the coin, and the resumed the drive home. Mom was quite impressed... although I didn't tell her how much the little thing cost .

I agree that it is preferable to bid in final seconds when possible.

 

What will happen if I put a prebid 5-10 seconds before the auction closes?

 

If the coin is already "on the block", then you are simply bidding live-- it's no longer a "prebid". If the coin hasn't hit the block yet, your prebid will be executed immediately. If other prebidders have bid higher than your, you will immediately be outbid. If other bidders have bidder have bid higher but not as high as your max, you will immediately be the highest bidder at whatever increment exceeds the next highest prebid.

When the auction is live, you need to click the "live" button which then appears on Biddr. There you will see which coin is currently "on the block". You can still access the full catalog and place more prebids, but when a coin is "on the block" you simply click "bid" to execute an incremental bid, and repeat the clicking until you've won or run out of money

 

Alas, this simple truth is lost on a lot of collectors.

 

Last second bids can be a good way to keep other bidders from knowing there is competition for a lot. It is not a way to win an item at a low price if another bidder is committed to spending more than you are willing to bid.
Bidding live on the internet at the last second assumes you have a reliable connection. I wanted this scale weight in a current auction. I hit the bid button, twice, but someone in the auction room was awarded the bid at "my" price. By the time I hit the bid button again, the lot sold for estimate, but below the price I would have paid. I did win a couple of items in the auction (I will show them when they arrive). One I won in live bidding. The second was from a prebid. Both were below estimate.

If you are interested in one of the two items, some companies will allow you to bid your maximum on both, but limit your total money spent. I have done this where I wanted one item, and could not bid live. If you win the first bid, you can bid only up to your spending limit on the second.

 

Be careful if you are live bidding to have a number in mind, the true benefit of the auction is for the seller, people will go well beyond the reasonable number when they are caught up in the heat of an auction.
I recently lost an auction and happened to be bidding live, I stopped bidding but I was well over what I had decided what a reasonable price would be.

 

It doesn't matter in biddr.ch as you can't snipe. The bidding for the coin just extends in time. Just attend the live session, if you can...

 

Been there, done that, way too many times