lelands and his type auctions should be made illegal

sflayank · #1 07-10-2010, 06:21 AM

lelands sent me an outbid notice at 4:13 a.m
yeah like i should stay up...consigners in this type of auction and bidders only can get screwed...put in a big bid and go to sleep and you can be sure that miraculously youll win your item at the top end of your bid...if you keep in your decent hi bid you can be sure one person will outbid you right at the close
probably a friend of the auction house
BAN ALL BIDS EXCEPT 1 INCREMENT BIDS AND CLOSE ANY LOT THAT DOESNT GET A BID FOR A HALF HOUR
THE CONSIGNOR LOST OUT ON MAYBE ANOTHER $5000 HAD I BEEN ABLE TO BID AGAIN, AND DONT TELL ME I SHOULD HAVE BID $5000 MORE WHEN I WENT TO SLEEP THEN I WOULD HAVE WON FOR THE MAX...YOU CAN COUNT ON IT...FROM A SHILL

yanks12025 · #2 07-10-2010, 06:23 AM

That's the reason i never bid in any auction because of how the lot's close, i like Huggins & Scotts 10 minute rule.

sflayank · #3 07-10-2010, 07:01 AM

absolutely
every auction should close each lot individually
whether it be 10 minutes or 30 minutes
no time limit we will close when we feel like it is a joke

Leon · #4 07-10-2010, 08:08 AM

If you wanted it you should have stayed up. Many auction houses end at very late (or early morning) times. It's been going on for years. If there is something I can't live without then I stay up and bid or put in my max and hope it doesn't get run up. Sour grapes don't taste good. regards

ps...btw, some auction s/w won't allow auctions to close individually, and I am not sure that is best for consignors anyway....As a consignor I want the auction to stay open so people can continue to bid on my stuff.....it is debatable though.

sflayank · #5 07-10-2010, 08:43 AM

thats 100 incorrect..no sour grapes here
i received email at 413 am saying i was outbid and the auction closed according to net54 post at 413 am
so they didnt want to sell at that price
ill bet every card i own that that lot went to a friend of the auction house..i just happened to get outbid at the second it closed? so if that person would have waited 1 minute longer i would have won it?
i dont think so...i was willing to pay $8500 + the buyers and it went for 4500 + the buyers
so who got screwed... i would say the consignor
i would also be willing to bet that this item appears in another auction house within 1 year...that prediction has come true so many times its laughable....if u ask y i didnt put in 8500 when i went to sleep...because unquestionably i would have woke up and won it for 8500 because of shill bidding...thats why allowing bids past the increment should be outlawed

Leon · #6 07-10-2010, 08:48 AM

So if you wanted it that badly why didn't you just stay up and bid or ask for a call in bid? I do understand your concern about shilling as it's rampant in the hobby. I have bid in 100's of auctions and never had an issue as you had. If I want to bid more, I do. It's really that simple. As far as "outlawing" some form of bidding......sure. To me that is an insane statement. But you are certainly allowed your opinion. I am sure my opinion seems crazy to you

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perezfan · #7 07-10-2010, 11:31 AM

Quote:

Originally Posted by sflayank

thats 100 incorrect..no sour grapes here
i received email at 413 am saying i was outbid and the auction closed according to net54 post at 413 am
so they didnt want to sell at that price
ill bet every card i own that that lot went to a friend of the auction house..i just happened to get outbid at the second it closed? so if that person would have waited 1 minute longer i would have won it?
i dont think so...i was willing to pay $8500 + the buyers and it went for 4500 + the buyers
so who got screwed... i would say the consignor
i would also be willing to bet that this item appears in another auction house within 1 year...that prediction has come true so many times its laughable....if u ask y i didnt put in 8500 when i went to sleep...because unquestionably i would have woke up and won it for 8500 because of shill bidding...thats why allowing bids past the increment should be outlawed

The auction went well past 4:13 AM. I was outbid on an item around 4:30. My initial post occurred while other lots were still going. I won mine early, because there were no competing bidders. Per Lelands' rules, if there is only one bidder at the time of the initial closing, the lot is closed.

I believe that the auction closed to ALL lots around 4:45 EDT. I also believe that whoever outbid you was not a shill bid, but a calculated bid from a real person who wanted the item as much as you did.

If Lelands' format was the same as Huggins & Scott's, that other bidder simply would have bid within the earlier parameters. You would have been outbid regardless. Perhaps you would have had more time to counter-bid, but the price would have been driven up either way.

With regard to ceiling bids... I have won many items with Lelands for less than my top bid. But I do understand people's hesitance to leave a ceiling bid, given the corruption and some of the shady people within this hobby.

Neither format is perfect... I have been frustrated many times by the Legendary/H & S system, where I am outbid and cannot jump to another lot (because it has closed). In my case alone, this has cost consignors thousands of dollars. I can't even imagine how much money has been left on the table, given the wider scope.

ajg · #8 07-10-2010, 08:46 AM

I didn't bid in Lelands but the way they end their auction leaves the door open for fraud and chicanery. All these big auction houses have larceny in their heart. I am a 47 year old man w a family and I am not gonna stay up until 4am (or later) to bid on a baseball card. It is stupid. Close the lot after 30 minutes or so. Im not saying Lelands or any other big auction house are crooks but............hmm.............

Leon · #9 07-10-2010, 08:51 AM

Quote:

Originally Posted by ajg

I didn't bid in Lelands but the way they end their auction leaves the door open for fraud and chicanery. All these big auction houses have larceny in their heart. I am a 47 year old man w a family and I am not gonna stay up until 4am (or later) to bid on a baseball card. It is stupid. Close the lot after 30 minutes or so. Im not saying Lelands or any other big auction house are crooks but............hmm.............

I am a 48 yrs old man with a family and if I want something that bad I will stay up until the next weekend. Many auctions end their way so either you bid or don't. If you think staying up to bid is stupid I think bitching about not staying up is stupid....and I walk away with the cards I want and you don't. No big deal. take care