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<p>[QUOTE="GDJMSP, post: 1842918, member: 112"]One thing I would add, great care needs to be taken if one tries to participate in any live floor auction (not just those run by Heritage but any) by using a computer. Action on the floor changes at a much faster rate than you can ever hope to keep up with on the computer. And if you try and place a bid on the computer there may well be another 2, 3, or even 4 additional bids already placed from the floor by the time your bid from the computer hits. This means your bid may be much higher than you had intended. But you are still held accountable for that bid.</p><p><br /></p><p>In other words, you may think you are bidding $500 when in actuality you are bidding $800 or $900 because of the time lag due to using the computer in a live floor auction. And yes, this scenario has actually happened many times. That is the risk you take by trying to participate in a live auction via computer.</p><p><br /></p><p>If you wish to participate in a live floor auction from a distance then your best bet is to forget the computer and do so either by phone or by using an agent on site and have him do your bidding for you.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1842918, member: 112"]One thing I would add, great care needs to be taken if one tries to participate in any live floor auction (not just those run by Heritage but any) by using a computer. Action on the floor changes at a much faster rate than you can ever hope to keep up with on the computer. And if you try and place a bid on the computer there may well be another 2, 3, or even 4 additional bids already placed from the floor by the time your bid from the computer hits. This means your bid may be much higher than you had intended. But you are still held accountable for that bid. In other words, you may think you are bidding $500 when in actuality you are bidding $800 or $900 because of the time lag due to using the computer in a live floor auction. And yes, this scenario has actually happened many times. That is the risk you take by trying to participate in a live auction via computer. If you wish to participate in a live floor auction from a distance then your best bet is to forget the computer and do so either by phone or by using an agent on site and have him do your bidding for you.[/QUOTE]
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