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<p>[QUOTE="Andrew McCabe, post: 7708522, member: 90666"]Yeah the "stare down" comment was in jest, but the comments on my last post were not - being able to observe the body language of opposing bidders tells a lot about how strong they will bid, and that's invisible on the internet. They are watching you too. One time I realised two Russian bidders were always outbidding me since they realised if Andrew McCabe saw value, then going one above me would be worth it. I could see them talking about and noting my bids and following them. So at that point I discreetly asked someone else (in the room) to bid for me.</p><p><br /></p><p>There is an Official of the Swiss Auction Regulator (whatever that's called) in the room at all Swiss auctions to make sure rules are followed and at some points the auctioneer may consult that person for example when bidding needs to be reopened on a lot due to an error (someone bid by mistake for example). But in-room dynamics and the time lag on the internet which reduces time available for internet bidders cannot be overcome. When a room bid is made, someone has to physically type in that bid on a PC and publish it to enable the internet to respond. That takes time from the internet and cannot be overcome.</p><p><br /></p><p>The main thing is: Agents add a huge amount of value through viewing and comments on the coins. High end collectors dont usually buy from photos only, no matter how good the photos. They seek personal views on the coins. And they get an agent or travel to the auctions themselves.[/QUOTE]</p><p><br /></p>
[QUOTE="Andrew McCabe, post: 7708522, member: 90666"]Yeah the "stare down" comment was in jest, but the comments on my last post were not - being able to observe the body language of opposing bidders tells a lot about how strong they will bid, and that's invisible on the internet. They are watching you too. One time I realised two Russian bidders were always outbidding me since they realised if Andrew McCabe saw value, then going one above me would be worth it. I could see them talking about and noting my bids and following them. So at that point I discreetly asked someone else (in the room) to bid for me. There is an Official of the Swiss Auction Regulator (whatever that's called) in the room at all Swiss auctions to make sure rules are followed and at some points the auctioneer may consult that person for example when bidding needs to be reopened on a lot due to an error (someone bid by mistake for example). But in-room dynamics and the time lag on the internet which reduces time available for internet bidders cannot be overcome. When a room bid is made, someone has to physically type in that bid on a PC and publish it to enable the internet to respond. That takes time from the internet and cannot be overcome. The main thing is: Agents add a huge amount of value through viewing and comments on the coins. High end collectors dont usually buy from photos only, no matter how good the photos. They seek personal views on the coins. And they get an agent or travel to the auctions themselves.[/QUOTE]
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