Quote:
Originally Posted by Stonepony
This has all settled out how I thought it would. I'm just surprised AHs didn't stand up and challenge REAs claim, which apparently has been out there for years.
However, if AH do not have the capability to see watch lists, max bids and passwords... then what is BSTs "True Bid"?
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Thanks for the question. We welcome the conversation.
Starting out as collectors ourselves, John, Andy, and I saw an industry that was, at minimum, wrought with accusations of misdeeds and fraudulent behavior. This was as troubling to us as it is to many of you. When we created BST Auctions, we wanted to present a system in which our bidders could trust, but we didn’t want them to have to take our word for it. To that end, we contracted with our vendor to have a way to communicate to our bidders that their max bids and passwords would be known to them alone. In short, we built the accountability into our software and are proud to display the True Bid™ seal that
demonstrates to our bidders that we cannot see the amount of any max bids placed or any passwords.
Whether by having the True Bid™ system, a 0% seller’s fee, offering interest-free cash advances, building in and showing our decreasing buyer’s premium on the bid page, or by taking Paypal®, we try hard to operate our catalog auction in such a way as to glean the positive aspects of the hobby.
Let’s face it, we are talking about tens and sometimes hundreds of thousands of dollars in bids that bidders hope are being handled with integrity. We don’t take our bidder’s trust for granted and want them to feel comfortable placing max bids
knowing definitively that those bid amounts are known to them alone.
Stated another way, we didn’t want our bidders to have to hope that we couldn’t see max bids and/or passwords or to hope that the conversation came up on a message forum so that we could answer the question. We took the step to answer the question before it was asked, contracted to have the True Bid™ system, and proudly display its logo. Thanks for the question!
Brian Terjung
BST Auctions
www.BST-Auctions.com