Quote:
Originally Posted by bobbyw8469
Congrats on the partial Goudey's.....I bid, but not strong enough.....won 3 lots from them though.....
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Thanks. I think there's a way to snipe these auctions because the ending is somewhat confusing. Again, the way the auction ends is clearly stated in the Rules. However, if you don't think about it carefully, it can be somewhat confusing. I noticed it in one of the Heritage auctions that I was bidding on.
The issue is that when the auction puts time left for bidding for the auction, that includes extended time. This is what I think is the confusing part.
So if the auction ends at 10pm CST, and it is currently 9pm CST, the auction lists for the time left for the lot at 90minutes. Even though the auction has said that they are going to end at 10 and then have 30 minutes of extended time, I think some bidders might instead think that the auction ends at 10:30pm (because that's what the 90minutes is for). And after that, then extended bidding begins. They don't realize that the time left for the auction includes extended bidding.
So the way to "snipe" is to bid just before extended time begins, say around 9:59pm in this example. Other bidders might be thinking that they'll just wait to start bidding in extended time, but don't realize, at 10:30, the lot is closed.
Anyway, maybe everybody already knows this, and no one gets confused. Just wanted to point that out, however.