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LiveAuctioneers bidding, um, oddity?
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<p>[QUOTE="Burton Strauss III, post: 4278819, member: 59677"]So I've been back and forth with them, they've shared the day-of transcripts - to me - it pretty clearly shows what happened. Retracting bids is a feature of their platform up to 2 hours before the start of the auction.</p><p><br /></p><p>Net-Net I won't bid through them again.</p><p><br /></p><p>Friday I receive an email out-bid notice which I ignore. This does, however, disclose my $55 and $50 maximums to anyone who looked at the pre-bids.</p><p><br /></p><p>Saturday during the auction, the floor bidder bids the coins up to one increment below my maximum, $50 and $45 respectively.</p><p><br /></p><p>If somebody thought they would upgrade, they would have bid $75 or $100 and topped me because the coins would be worth $125 each. If you think they're accurately graded, then I paid $5 over fair money.</p><p><br /></p><p>I'm not that upset about the specific coins, they were worth $45 and $40 respectively and the extra $5 for the PhotoSlab is fine by me. I'm just POed because the 3rd lot I won for $30 and it was "worth" $40 too. The shill bidding cost me $20 or $30 bucks, which could have bought a 4th coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 4278819, member: 59677"]So I've been back and forth with them, they've shared the day-of transcripts - to me - it pretty clearly shows what happened. Retracting bids is a feature of their platform up to 2 hours before the start of the auction. Net-Net I won't bid through them again. Friday I receive an email out-bid notice which I ignore. This does, however, disclose my $55 and $50 maximums to anyone who looked at the pre-bids. Saturday during the auction, the floor bidder bids the coins up to one increment below my maximum, $50 and $45 respectively. If somebody thought they would upgrade, they would have bid $75 or $100 and topped me because the coins would be worth $125 each. If you think they're accurately graded, then I paid $5 over fair money. I'm not that upset about the specific coins, they were worth $45 and $40 respectively and the extra $5 for the PhotoSlab is fine by me. I'm just POed because the 3rd lot I won for $30 and it was "worth" $40 too. The shill bidding cost me $20 or $30 bucks, which could have bought a 4th coin.[/QUOTE]
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