Posted By:
SteveMr Peavey placed a bid of $285 at approximately 1103 PM. He then called our office and asked us to remove that bid and place his bid as a bid of $206 with a maximum of $275. He asked me to do this and it was taken care of within one minute. This bid was placed by me, according to the bidding history on our website (http://www.csauctions.com/bid_history.cgi?show_history=0000215174).
Someone at 11:23 made a bid of $227, the next bid, and then the computer bid on Mr Peavey's behalf at $250.
This is where the confusion can set in; in our auction, we do not allow tie bids and all bids must be topped by at least 10%. In other ones, someone cannot top their own bid by accident or on purpose. For that reason, Mr Peavey's $285 max cannot top a $275 bid (He would need to bid $303 to top it). This has always been our policy. In fact, we list suggested maximum bids for every item on our site that shows the increments to be in sets of two.
What is upsetting about this in particular is that Mr Peavey called me and had every opportunity during the auction to make a $303 bid if he wanted to win the card. It is kind of ironic that Mr Peavey was trying to save money and actually had us remove his bid, when the best thing (in retrospect) would have been to make the straight bid of $285, in which case the next bidder would have to bid $314.
Auctions can sometimes be frustrating for bidders and of course, the last thing we want is confusion among bidders. We have always been consistent in our policies and the maximum bidding info on the page of every lot dies indicate this.
Any member that has any concern or question can feel free to email me at info@csauctions.com.
Thanks much,
Steve Verkman
PRECISE BIDDING HISTORY OF ITEM
275.00 (1)
10/28/2004 12:01:36 AM EDT
250.00 (1)
10/27/2004 11:23:53 PM EDT
227.00 (1)
10/27/2004 11:23:53 PM EDT
206.00 (1)
10/27/2004 11:04:35 PM EDT