LELANDS.COM SPRING 2014 CATALOG - AUCTION Final Day to Bid !!

[thecatspajamas]

Originally Posted by Runscott

I meant - call them to find how to look it up yourself.

Ah, okay. Misunderstood you there.

As it turned out, whoever I was bidding against apparently did as you said around midnight Central, putting both of my primary lots of interest out of reach. At least I was able to run each one up to my limit before going to bed though so that I KNEW they were out of reach, rather than waking up to the same surprise as cguidi.

For the one lot that I did win, I got the notification at at 4:24 AM Central. I don't know if that is when the auction actually ended, but it's safe to say that it went pretty late.

[vintagehofrookies]

well, at least I wasn't the only one that was outbid WAY past the supposed 10 min. rule. I read the rules again right before the auction was supposed to go into extended bidding and it says after 9pm that if after 10 min there were no additional bids on a lot then you won it, right? Well I was the high bidder on 3 Ruth lots all the way up to around 10:15 and from 9-10 I refreshed the auctions like every 5 mins to see if I was outbid which I wasn't. Then at 10:15, well past an HOUR from when my auctions should have closed I was outbid, one went past my max and the other I bid again and was the high bidder until 3 hours later when I got the outbid notice. When I woke up today I won one auction and wasn't happy at how this auction ran as I'm used to every other auction house following to their rules. IDK maybe I missed something in their rules?

[thecatspajamas]

Originally Posted by vintagehofrookies

it says after 9pm that if after 10 min there were no additional bids on a lot

If there are no bids on ANY lot in the entire auction for 10 minutes, then the whole auction closes. If any lot anywhere in the auction receives a bid, the 10-minute clock for the entire auction resets. They don't do it on a lot-by-lot basis.

The only way your scenario of you being declared the winner at 9:10 PM is if you were the ONLY bidder on the lot at 9:00, which would mean nobody else would be able to bid against you (since you have to bid on a lot before 9:00 to be able to bid on it after 9:00).

[darwinbulldog]

I've also been waiting a couple of days for them to respond to my questions about lot 561. The Purdy studio didn't open until 1896, and Jack Glasscock didn't look like that (as I realized after putting in what I thought was a placeholder bid). Oops.

[vintagehofrookies]

Originally Posted by thecatspajamas

If there are no bids on ANY lot in the entire auction for 10 minutes, then the whole auction closes. If any lot anywhere in the auction receives a bid, the 10-minute clock for the entire auction resets. They don't do it on a lot-by-lot basis.

The only way your scenario of you being declared the winner at 9:10 PM is if you were the ONLY bidder on the lot at 9:00, which would mean nobody else would be able to bid against you (since you have to bid on a lot before 9:00 to be able to bid on it after 9:00).

ah I see, ok I'm def. not a fan of that process, lol.

[parker1b2]

Originally Posted by vintagehofrookies

ah I see, ok I'm def. not a fan of that process, lol.

Same here. I was under bidder on a lot and watching a few others that was going to bid on, and probably would have been more aggressive for them, but still have a bad taste in my mouth from my first experience with Leland's in their last auction. In their last auction, I stayed up till after 3am and was winning on 2 lots( with no activity or bids since the auction "ended") went to bed woke up and lost both lots. It is very frustrating, especially staying up very late just to lose out.

[jefferyepayne]

I've become a huge proponent of auctions that close lot by lot. I know there are pros and cons to every format but I, for one, am tired of staying up until 5am EST and then dragging myself to work.

The only way this is ever going to change is if a large number of serious collectors (I wonder where we could find those!) STOP bidding on auctions where all lots close at the same time. Or at least make it clear to auction houses that you plan to allocate much more of your funds to auctions that end in a lot by lot manner.

I'm doing my part to deal with this issue, are you?

For those that are wondering, here is a partial list of auction houses that close lot by lot. Feel free to add more to the list!

Baggers
Brockelman & Luckey
Bussineau
Heritage
Huggins & Scott
Joe’s Vintage Sports Cards Auctions
Legendary Auctions
Mears Auctions

jeff