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Can someone explain live bidding vs. bidding through the dealer's website?
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<p>[QUOTE="Ken Dorney, post: 2776550, member: 76086"]This close to the auction I just dont think you will get a response. They are likely just too busy. Bidder approvals can take varying amounts of time depending on the auction house. I have registered and been approved in minutes by some (and up to $75,000 credit amazingly, others I can choose any amount up to unlimited), others it takes much more time. Some auction houses take their bidders seriously and will actually phone their references for input. I get calls all the time from other dealers asking if I know or have done business with person "X". I think that is great, and it honestly protects us all, but it does take time.</p><p><br /></p><p>My only advice is to hold steady. At this close point in time assume your bids were entered as that is about all you can do. After all, you may be worrying about nothing. The lots may go much higher than your bids (I have seen this often when houses do pre-bidding followed by live bidding). I once entered a pre-bid on a multiple lot I thought was fair at $1,500. It hammered live for $15,000. I have no idea what treasures were in that lot, but clearly it didnt matter much as my bid was never going to make it.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2776550, member: 76086"]This close to the auction I just dont think you will get a response. They are likely just too busy. Bidder approvals can take varying amounts of time depending on the auction house. I have registered and been approved in minutes by some (and up to $75,000 credit amazingly, others I can choose any amount up to unlimited), others it takes much more time. Some auction houses take their bidders seriously and will actually phone their references for input. I get calls all the time from other dealers asking if I know or have done business with person "X". I think that is great, and it honestly protects us all, but it does take time. My only advice is to hold steady. At this close point in time assume your bids were entered as that is about all you can do. After all, you may be worrying about nothing. The lots may go much higher than your bids (I have seen this often when houses do pre-bidding followed by live bidding). I once entered a pre-bid on a multiple lot I thought was fair at $1,500. It hammered live for $15,000. I have no idea what treasures were in that lot, but clearly it didnt matter much as my bid was never going to make it.[/QUOTE]
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Can someone explain live bidding vs. bidding through the dealer's website?
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