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<p>[QUOTE="robp, post: 7875111, member: 96746"]Re-reading the post and article on shill bidding, I'm not convinced a bidding pattern where you are repeatedly outbid, confirms shill bids. If the auctioneer picks up a consignor bidding, then that's all well and good and the checks are working, but genuine buyers can repeatedly outbid another, and do so. As noted, there are several ways in which auctions operate and also different ways of bidding for buyers. </p><p><br /></p><p>If I place a bid prior to the sale, I am informed by email immediately when I have been outbid. If I want the lot, I might bid again and so you would see the same person outbidding you how ever many times this happens. Alternatively I could enter a bid of say 500 leaving me as the high bidder at an opening of say 100. You bid 200 and it should come back with me having outbid you at 210 or whatever. You go 300 and I apparently immediately outbid you at 310. This would happen until my max is surpassed. The delay in registering you have been outbid would be determined by the speed of the automated software, or if the prices have been input manually. Alternatively a reserve might not have been reached, in which case you will also be outbid by the same id if it doesn't show a message saying reserve not reached. Some auction software is a bit clunky. In the case of commission bids entered by an auction house, there is the unknown question of whether they use their 'house name' as the online id. All winning commission bids in the room at DNW for example are knocked down to 'Wood' as opposed to the online bidder number which is verbally communicated. Spink used to use 'Goddard', Glendinings used 'Graham'. </p><p><br /></p><p>Whatever, repeatedly being outbid by the same id shouldn't necessarily indicate the consignor is shill bidding on his lot because not every genuine buyer enters their max and walks away. I know I have returned to the table half a dozen times on a particular lot on more than one occasion.</p><p><br /></p><p>I think it is important not to get paranoid. I avoid places where my max commission bid is always the winning price, but these are few in number.[/QUOTE]</p><p><br /></p>
[QUOTE="robp, post: 7875111, member: 96746"]Re-reading the post and article on shill bidding, I'm not convinced a bidding pattern where you are repeatedly outbid, confirms shill bids. If the auctioneer picks up a consignor bidding, then that's all well and good and the checks are working, but genuine buyers can repeatedly outbid another, and do so. As noted, there are several ways in which auctions operate and also different ways of bidding for buyers. If I place a bid prior to the sale, I am informed by email immediately when I have been outbid. If I want the lot, I might bid again and so you would see the same person outbidding you how ever many times this happens. Alternatively I could enter a bid of say 500 leaving me as the high bidder at an opening of say 100. You bid 200 and it should come back with me having outbid you at 210 or whatever. You go 300 and I apparently immediately outbid you at 310. This would happen until my max is surpassed. The delay in registering you have been outbid would be determined by the speed of the automated software, or if the prices have been input manually. Alternatively a reserve might not have been reached, in which case you will also be outbid by the same id if it doesn't show a message saying reserve not reached. Some auction software is a bit clunky. In the case of commission bids entered by an auction house, there is the unknown question of whether they use their 'house name' as the online id. All winning commission bids in the room at DNW for example are knocked down to 'Wood' as opposed to the online bidder number which is verbally communicated. Spink used to use 'Goddard', Glendinings used 'Graham'. Whatever, repeatedly being outbid by the same id shouldn't necessarily indicate the consignor is shill bidding on his lot because not every genuine buyer enters their max and walks away. I know I have returned to the table half a dozen times on a particular lot on more than one occasion. I think it is important not to get paranoid. I avoid places where my max commission bid is always the winning price, but these are few in number.[/QUOTE]
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London Coins-- another suspicions of shill bidding thread
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