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<p>[QUOTE=&quot;IanG, post: 4998026, member: 109252&quot;]I have recently substantially overbid for a coin in an auction because instead of pressing 23 I inadvertently pressed 231 and confirmed the bid before realising my error!</p><p><br /></p><p>This was only a few minutes before the lot came up so I did not have any time to contact the auction house or platform to try and retract. I was irritated with myself because of the risk that I might end up paying a bit more than I otherwise would have wanted to but did not anticipate any serious problem. However, when the bidding started, it was at 180 and that was what the coin went for. When I looked at the bidding history a bid of 170 had come in shortly after mine. The coin is probably worth 30-40 maximum.</p><p><br /></p><p>At this stage I am deliberately not naming the auction house (or the currency, which might give a clue) because I have dealt with them many times in the past and have always found them reputable. But I do find this suspicious. No-one in their right mind would bid 170 for this coin. Now, in fairness, I should say that after my inadvertent bid the bidding stood at 16 so I suppose it is possible that someone else meant to bid 17 and &#039;fat fingered&#039; themselves. But the possibility of that happening twice on the same lot seems to be extremely remote. </p><p><br /></p><p>This isn&#039;t the end of the world - I have probably placed thousands of bids over the years and this is the first time it has happened. It&#039;s sufficient to be irritating but it&#039;s not a vast sum so if I have to write it off to experience, so be it. But before doing so I wanted to ask whether any other members had come across instances of auction houses spotting an unusually high bid and somehow putting in a high, albeit lower, bid themselves so as to force the price up.[/QUOTE]</p><p><br /></p>

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