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<p>[QUOTE=&quot;Carthago, post: 4501204, member: 76111&quot;]I participated in the CNG auction and was absolutely aghast at what they were doing to the pre-bidders by encouraging live bidders to clear their pre-bid.&nbsp; I say this as a consigner in CNG 114 as well as a live bidder.&nbsp; I suspect it&#039;s fully legal, but it certainly comes off sleazy and I can&#039;t recall it happening in other auctions I&#039;ve attended.&nbsp; It was clearly a systematic practice and not just an eager auctioneer oversight. </p><p><br /></p><p>My observations:</p><p><br /></p><p>1. This practice completely undermines the pre-bid system.&nbsp; I can tell you as a bidder, I would expect my pre-bid to speak for me in my absence at a live auction and not be used to as shill bid to push up the live bidder. </p><p><br /></p><p>2. Almost every time CNG told someone to clear the book, it won the lot with that single bid.&nbsp; That just doesn&#039;t sit right to me for what is supposed to be a public competitive auction.&nbsp; It just sort of smells bad. </p><p><br /></p><p>3. This practice may seem advantageous to consigners, but that view is very short sighted.&nbsp; Having multiple bid avenues is good for all parties, but if the pre-bid avenue is only used as a tool to increase live bids, pre-bidders will quit bidding.&nbsp; I know I have.&nbsp; This will reduce overall auction participation (see next point).</p><p><br /></p><p>4. CNG&#039;s new bidding platform bites.&nbsp; The audio doesn&#039;t run on Safari which is the native internet browser on Apple products (common folks, it&#039;s 2020!).&nbsp; I had to have a Chrome window running in the background to listen to the auctioneer - especially for when they were compromising the integrity of pre-bids - and then do my bidding on Safari.&nbsp; And don&#039;t get me started on the stupid double confirm bid process when you do bid live!&nbsp; The Apple App store app is unstable on my iPad and iPhone because it crashes or becomes unresponsive.&nbsp; The upside to the mobile app is that it does do audio, but it&#039;s useless to use for bidding for Apple device owners in my experience so....</p><p><br /></p><p>5. If bidding live is hobbled by flashy but unreliable technology and the pre-bid system is compromised by short sighted live auction opportunism, CNG will be limiting potential bidders.&nbsp; If bidders don&#039;t show up, consigners (like yours truly) will quit consigning and go with another dealer.&nbsp; Not everyone wants to or can bid live.&nbsp; That&#039;s why there is supposed to be an honorable pre-bidding system!</p><p><br /></p><p><br /></p><p>I would encourage them to stop it.&nbsp; It&#039;s sleazy and unbecoming of a brand that has historically stood as one of the finest ancient coins dealers in the business.&nbsp; It takes decades to build a quality brand, but it can be ruined in a flash.[/QUOTE]</p><p><br /></p>

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