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Leu Numismatik Auction - how do you extend an auction which has closed???
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<p>[QUOTE="Ken Dorney, post: 2772264, member: 76086"]Most auction houses have specific rules set out to handle these situations. When one hits the "Accept Terms" button when you register, well, thats it. Nobody likes it when extensions happen but we all have to deal with it. And despite what some think, extending an auction does not necessarily mean bigger bids for the house. Recently when another house had a glitch and extended a week, my prior bids ALL won (which never happens in a European auction for me, and I was bidding extremely low for resale). In that case the extension worked against them (at least as far as anyone can tell). </p><p><br /></p><p>It may actually be beneficial. One will only be able to tell if they stick with it and either bid again or watch and compare results to what they had before.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2772264, member: 76086"]Most auction houses have specific rules set out to handle these situations. When one hits the "Accept Terms" button when you register, well, thats it. Nobody likes it when extensions happen but we all have to deal with it. And despite what some think, extending an auction does not necessarily mean bigger bids for the house. Recently when another house had a glitch and extended a week, my prior bids ALL won (which never happens in a European auction for me, and I was bidding extremely low for resale). In that case the extension worked against them (at least as far as anyone can tell). It may actually be beneficial. One will only be able to tell if they stick with it and either bid again or watch and compare results to what they had before.[/QUOTE]
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