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<p>[QUOTE="treylxapi47, post: 1842857, member: 41863"]How does this internet bidding work on Heritage. The current coin I am working on is in an auction that ends on January 20th for internet bidders and then opens to a live auction some time the next day.</p><p><br /></p><p>My questions are, can I bid online during the live session and how does my online bid get protected?</p><p><br /></p><p>Also, isnt this a little bit susceptible to abuse. If Heritage the company knows my bid from online, then wouldnt it be plausible that they could have someone at the live bidding put my price all the way to my max since they know what that is and I cant verify the live auction setting?</p><p><br /></p><p>Basically they know my bid is $250, the internet bidding stopped at $125, the live auction starts and no one is interested in my coin, but all of a sudden a shill bidder for Heritage runs my price to the full amount of $250 keeping under the one up bid for it. Boom, maximized the most profit for the coin and no one was the wiser.</p><p><br /></p><p>Im not saying it works like this, but for my first auction through HA.com i was curious at how that whole process works with internet bidding turning over to live bidding. Never really participated in auction like this.[/QUOTE]</p><p><br /></p>
[QUOTE="treylxapi47, post: 1842857, member: 41863"]How does this internet bidding work on Heritage. The current coin I am working on is in an auction that ends on January 20th for internet bidders and then opens to a live auction some time the next day. My questions are, can I bid online during the live session and how does my online bid get protected? Also, isnt this a little bit susceptible to abuse. If Heritage the company knows my bid from online, then wouldnt it be plausible that they could have someone at the live bidding put my price all the way to my max since they know what that is and I cant verify the live auction setting? Basically they know my bid is $250, the internet bidding stopped at $125, the live auction starts and no one is interested in my coin, but all of a sudden a shill bidder for Heritage runs my price to the full amount of $250 keeping under the one up bid for it. Boom, maximized the most profit for the coin and no one was the wiser. Im not saying it works like this, but for my first auction through HA.com i was curious at how that whole process works with internet bidding turning over to live bidding. Never really participated in auction like this.[/QUOTE]
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