Anyone else have any trouble with the Crazy Uncle auction last night?

[murphy8276]

Originally Posted by bobfreedman

Dan, I will help explain if you call but I am not doing this in an open public forum

Why respond here and advertise the auction to begin with if you are unable to explain why someone was ghost bid up to their max?

[Robbie]

Originally Posted by murphy8276

Why respond here and advertise the auction to begin with if you are unable to explain why someone was ghost bid up to their max?

I understand that I am not as well known here as DanMckee (who I support 100% in his assessment of this situation)... but not ONE comment about my being outbid and losing a lot after the auction was supposed to be closed?!?

I don't recall this being acceptable in any of the auctions in which I have participated over the past 30+ years...

Am I missing something here?

[ullmandds]

Originally Posted by Robbie

I understand that I am not as well known here as DanMckee (who I support 100% in his assessment of this situation)... but not ONE comment about my being outbid and losing a lot after the auction was supposed to be closed?!?

I don't recall this being acceptable in any of the auctions in which I have participated over the past 30+ years...

Am I missing something here?

If this in fact DID happen...it's obviously not a good thing! With all the reputable AH's out there...not sure why people choose to deal with "suspect" ones?

Oh ya I do...STUFF TRUMPS ALL...I forgot?

[Robbie]

Originally Posted by ullmandds

If this in fact DID happen...it's obviously not a good thing! With all the reputable AH's out there...not sure why people choose to deal with "suspect" ones?

Oh ya I do...STUFF TRUMPS ALL...I forgot?

Hi Pete...

Thanks for your response and comment. Unfortunately, I had no prior experience with this AH, and I felt it was worth risking a $59 bid on an item and participating in their auction in order to determine whether or not I was dealing with a "suspect" AH. It wasn't an item I 'had to have" and it wasn't a matter of "stuff trumps all." And in the end, without any outlay of money, I have the personal experience I need to make my determination regarding this AH.

[Bram99]

Originally Posted by Robbie

I understand that I am not as well known here as DanMckee (who I support 100% in his assessment of this situation)... but not ONE comment about my being outbid and losing a lot after the auction was supposed to be closed?!?

I don't recall this being acceptable in any of the auctions in which I have participated over the past 30+ years...

Am I missing something here?

I think last night the auction accepted a late bid of mine.

I think the mystery on the strange max bid case has to do with secret reserves. I was reading the rules and saw this: maybe this is the reason...I don’t know why they would not just point to this if it’s the reason, since it’s already available in print:

“The Reserve Price is a minimum bid set by the consignor below which the lot will not be sold. Accordingly, if the Reserve Price is not met at the conclusion of the auction, the lot will not be sold. Reserve bid prices are not publicly available and will not be published, except that twenty-four hours prior to the auction close, any item with an unmet reserve will be annotated with “Reserve Not Met” in the online bidding. Reserve bids are available to the House and the House may, at its discretion, on behalf of the seller confidentially set an “up to” bid where the next bid in succession would hit the Reserve bid. No reserve bid placed by the House will be executed at a level greater than one bid below the actual reserve.”


Tony

[oldjudge]

Originally Posted by Bram99

I think last night the auction accepted a late bid of mine.

I think the mystery on the strange max bid case has to do with secret reserves. I was reading the rules and saw this: maybe this is the reason...I don’t know why they would not just point to this if it’s the reason, since it’s already available in print:

“The Reserve Price is a minimum bid set by the consignor below which the lot will not be sold. Accordingly, if the Reserve Price is not met at the conclusion of the auction, the lot will not be sold. Reserve bid prices are not publicly available and will not be published, except that twenty-four hours prior to the auction close, any item with an unmet reserve will be annotated with “Reserve Not Met” in the online bidding. Reserve bids are available to the House and the House may, at its discretion, on behalf of the seller confidentially set an “up to” bid where the next bid in succession would hit the Reserve bid. No reserve bid placed by the House will be executed at a level greater than one bid below the actual reserve.”


Tony

I have no problem with disclosed reserves, but hidden reserves are a reason for me not to participate in an auction, regardless of the stuff.

[seff]

These issues are the reasons I avoid all "generic" auction houses. Small start ups, with little integrity. "Ghost" bids? Auction House just shilled their auctions.

Just my two cents.

[Peter_Spaeth]

Dan was the high bidder, period. He did not mention seeing anything about reserve not met, which would have been designated by that time.