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<p>[QUOTE=&quot;GDJMSP, post: 4892442, member: 112&quot;]&quot;Passed&quot; equates to pulled as you mentioned - which means an item is removed from the auction. But I suspect that they marked it as sold because they (the auction house) bought it themselves. </p><p><br /></p><p>Now I don&#039;t know if you are aware of it or not, (but I do know that many others aren&#039;t) but every auction there is reserves the right to buy any coin themselves in any auction they hold. And those decisions are made before the auction ever starts - which means those bids are made (entered into the system) before the auction ever starts - that way they always have the 1st bid of that amount. What they do is determine the maximum amount they are willing to pay, and if the highest bid made by any other outside bidder exceeds their maximum amount, then that bidder wins. But if there is a tie, or if their max bid exceeds the highest outside bid, and it appears it was one or the other in your case, then the auction house&#039;s bid is always considered to be the first bid - and they win.</p><p><br /></p><p>The questioned asked once people are aware of that much is - then why didn&#039;t the house bid show up in the auction ? Answer - because if those bids were visible to outside bidders it would give the appearance of in house shilling. So nothing happens until it is all over with, and only then is the outcome revealed.</p><p><br /></p><p>Scenarios exactly like yours don&#039;t happen every day, but they do happen far more often than most people think. And as I said, every auction house there is does it. And somewhere in their terms it&#039;s stated that it could happen. Auction house contracts are pretty much boilerplate, meaning that all use the same basic contracts.[/QUOTE]</p><p><br /></p>

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