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London Coins-- another suspicions of shill bidding thread
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<p>[QUOTE="Heliodromus, post: 7875562, member: 120820"]Agreed - I was just answering the question why someone might NOT win despite having a max greater than the winning bid.</p><p><br /></p><p>I always snipe at auctions having a fixed end time, else bid live when possible if there is no fixed end time. I see zero (or rather negative) benefit in giving other people a chance to bid after I've bid my max!</p><p><br /></p><p>I've also had too many auctions where I've submitted a pre-bid and won close or at my maximum, and given the auction rules of "the company" posted above, it's not even clear if they'd be violating their stated terms by bidding on their own or consigner's behalf to drive the bid up the maximum you've made known to them! On some auction platforms the pre-bids compete against each other before the auction even starts, driving up the pre-bid minimum, which is another reason not to pre-bid unless no alternative is available.[/QUOTE]</p><p><br /></p>
[QUOTE="Heliodromus, post: 7875562, member: 120820"]Agreed - I was just answering the question why someone might NOT win despite having a max greater than the winning bid. I always snipe at auctions having a fixed end time, else bid live when possible if there is no fixed end time. I see zero (or rather negative) benefit in giving other people a chance to bid after I've bid my max! I've also had too many auctions where I've submitted a pre-bid and won close or at my maximum, and given the auction rules of "the company" posted above, it's not even clear if they'd be violating their stated terms by bidding on their own or consigner's behalf to drive the bid up the maximum you've made known to them! On some auction platforms the pre-bids compete against each other before the auction even starts, driving up the pre-bid minimum, which is another reason not to pre-bid unless no alternative is available.[/QUOTE]
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London Coins-- another suspicions of shill bidding thread
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