Quote:
Originally Posted by Brent Huigens
Dear Fellow Collectors,
Policing Bidders:
On the topic of bid behavior it’s particularly frustrating to be accused of auction manipulation when I actually feel we are working to improve bidder behavior more than anyone else. It's impossible to watch every auction, but we police the bid as much as we can and have blocked more bidder ids for bad behavior than anyone else I know. As our company has matured we have had various policies come and go, some of which have proven more intelligent than others. For example one program I regret most was from 2009/2010 when we allowed consignors to place a single ‘reserve bid’ on a consigned lot if they received approval from us. This sort of thing was more-or-less accepted back in 2009 and we didn't think anything of it at the time (hidden reserves are still part of the hobby with many auction houses). In hindsight this wasn’t a smart program to have engaged in because it opened the door to abuse. We made a mistake offering this as a service and ended it in 2010. We certainly didn’t want to hurt the hobby and we have not offered this option for over 5 years. This is just an example of where we admit to being imperfect and we sincerely hope folks don’t hold this against us. Every business goes through a maturation and we continue to mature alongside the hobby at large.
Brent Huigens
PWCC Auctions, LLC
brent@pwccauctions.com |
Brent,
I have a question for you.
Is Ebay aware of the fact that you allowed your consignors to "reserve bid" their own auctions for two years?
Jantz Morey