15 min rule ridiculous

[perezfan]

Most consignors would disagree. I far prefer consigning to the Auctions who do NOT close lots individually. You have to see it from both sides, and realize that consignments are the "bread and butter" of these auction houses.

[JoeyFarino]

Originally Posted by perezfan

Most consignors would disagree. I far prefer consigning to the Auctions who do NOT close lots individually. You have to see it from both sides, and realize that consignments are the "bread and butter" of these auction houses.

I see what youre saying and i think its only to benefit the seller. Alot of people cant stay up until 4 a.m to make sure their bid is the highest. I feel if no one is bidding on a individual lot for more than 15 mins then it should be ended due to inactivity. I can understand as a consigner you wouldnt want that. Its just very frustrating having to spend your entire night into the morning if you really want a item to make sure youre not outbid

[travrosty]

Originally Posted by JoeyFarino

I see what youre saying and i think its only to benefit the seller. Alot of people cant stay up until 4 a.m to make sure their bid is the highest. I feel if no one is bidding on a individual lot for more than 15 mins then it should be ended due to inactivity. I can understand as a consigner you wouldnt want that. Its just very frustrating having to spend your entire night into the morning if you really want a item to make sure youre not outbid

you dont have to, just put in your max bid, a REAL max bid, a bid that if someone asked for one penny more, you just wouldnt do it, you wouldnt pay a penny more if someone twisted your arm to the point of breaking it. put in that max bid, and go to bed, you will either win the item or you won't, but you won't have regrets either and you can go to sleep.

[JoeyFarino]

Originally Posted by travrosty

you dont have to, just put in your max bid, a REAL max bid, a bid that if someone asked for one penny more, you just wouldnt do it, you wouldnt pay a penny more if someone twisted your arm to the point of breaking it. put in that max bid, and go to bed, you will either win the item or you won't, but you won't have regrets either and you can go to sleep.

Ya i guess thats one way. But personally i think its a bad idea but it is what it is

[djson1]

Originally Posted by travrosty

you dont have to, just put in your max bid, a REAL max bid, a bid that if someone asked for one penny more, you just wouldnt do it, you wouldnt pay a penny more if someone twisted your arm to the point of breaking it. put in that max bid, and go to bed, you will either win the item or you won't, but you won't have regrets either and you can go to sleep.

I personally don't like putting in max bids as I don't trust some auction houses. They know your max bid and can play with it any way they want. Maybe most auction houses are ethical about this, but I'm sure there are many that don't play fair.

[slidekellyslide]

Originally Posted by JoeyFarino

I see what youre saying and i think its only to benefit the seller. Alot of people cant stay up until 4 a.m to make sure their bid is the highest. I feel if no one is bidding on a individual lot for more than 15 mins then it should be ended due to inactivity. I can understand as a consigner you wouldnt want that. Its just very frustrating having to spend your entire night into the morning if you really want a item to make sure youre not outbid

Don't you live in the state of Washington? You have a two hour advantage over me and a 3 hour advantage over the East Coast collectors.

[JoeyFarino]

Originally Posted by slidekellyslide

Don't you live in the state of Washington? You have a two hour advantage over me and a 3 hour advantage over the East Coast collectors.

Lol...ya but man i was up till like 1 a.m. I was trying to knock out which is a luxury lately being a new father. I feel for you eastcoast people more.

[perezfan]

Some of them run so long now, that it actually benefits the East Coasters...

When they go until 7:00 - 8:00 AM the next day, most Earsterners are awake and still able to bid (if so desired). I've been beaten quite a few times that way lately...

If you put in your absolute max bid and go to bed, I suppose it's not an issue. That is, as long as you trust the AH in question

[JoeyFarino]

Originally Posted by perezfan

Some of them run so long now, that it actually benefits the East Coasters...

When they go until 7:00 - 8:00 AM the next day, most Earsterners are awake and still able to bid (if so desired). I've been beaten quite a few times that way lately...

If you put in your absolute max bid and go to bed, I suppose it's not an issue. That is, as long as you trust the AH in question

Lol...exactly

[hcv123]

Originally Posted by perezfan

Some of them run so long now, that it actually benefits the East Coasters...

When they go until 7:00 - 8:00 AM the next day, most Earsterners are awake and still able to bid (if so desired). I've been beaten quite a few times that way lately...

If you put in your absolute max bid and go to bed, I suppose it's not an issue. That is, as long as you trust the AH in question

C'mon - what's not to trust? It's only in the auction houses financial interest to have higher closing bids - just ask Bill Mastro and company.

[Hankphenom]

I agree it can be aggravating to go to bed with no activity for hours on an item you're the high bidder on, then discover the next day that you've been topped. The rational for the rule is that bidders who have given up on items when they've been outbid can now take a new look at the entire auction with some money to burn. But, in the end, and as always, the only one you can really blame for ever being outbid is yourself. You would have paid more, you're thinking? Then why didn't you? Once max bids came into the picture, I've felt relieved of all responsibility for losing an auction. Figure out what you're willing to pay, place the max bid, and whatever happens, move on. There's always another auction just down the road.