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<p>[QUOTE="KBBPLL, post: 8488435, member: 104064"]For someone with more experience bidding on Heritage than me...</p><p><br /></p><p>I placed a max bid yesterday at 9:55am of $223 for a coin with a Numismedia value of $294. I was mildly interested and thought why not. I also put in a "bid protection" of 1 increment, figuring I'd go $10 more, and try that method. There were a handful of bids at that point and it stood in the mid $100 range. Immediately I was winning bidder at $185. </p><p><br /></p><p>At 5:17p yesterday, I received an outbid notice at $230. I decided to wait for the live auction. Around $250 was what I was willing to spend, so I figured I'd see whether it was at or above $250 when it came around live.</p><p><br /></p><p>The auction was this evening. My lot came on at the same $230. I immediately placed a bid to $240, was immediately outbid at $250, then I clicked "cut bid" for another half increment thinking OK, another $5 is fine. </p><p><br /></p><p>Suddenly it was $270 and I won it at that price. </p><p><br /></p><p>I have no idea what happened. It flashed past so quickly and then on to the next lot. I intended for $255 to be my max. I assumed that my "bid protection" of one increment had already been used up, but maybe that was the culprit? But if so, what happened to my $5 "cut bid"?</p><p><br /></p><p>Sorry for the long post but I'm trying to figure out what happened for future reference. There's no way to see the bid history on Heritage that I know of.[/QUOTE]</p><p><br /></p>
[QUOTE="KBBPLL, post: 8488435, member: 104064"]For someone with more experience bidding on Heritage than me... I placed a max bid yesterday at 9:55am of $223 for a coin with a Numismedia value of $294. I was mildly interested and thought why not. I also put in a "bid protection" of 1 increment, figuring I'd go $10 more, and try that method. There were a handful of bids at that point and it stood in the mid $100 range. Immediately I was winning bidder at $185. At 5:17p yesterday, I received an outbid notice at $230. I decided to wait for the live auction. Around $250 was what I was willing to spend, so I figured I'd see whether it was at or above $250 when it came around live. The auction was this evening. My lot came on at the same $230. I immediately placed a bid to $240, was immediately outbid at $250, then I clicked "cut bid" for another half increment thinking OK, another $5 is fine. Suddenly it was $270 and I won it at that price. I have no idea what happened. It flashed past so quickly and then on to the next lot. I intended for $255 to be my max. I assumed that my "bid protection" of one increment had already been used up, but maybe that was the culprit? But if so, what happened to my $5 "cut bid"? Sorry for the long post but I'm trying to figure out what happened for future reference. There's no way to see the bid history on Heritage that I know of.[/QUOTE]
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Heritage live bidding question
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