REAs " Honest Auto Bid (TM) "

[autograf]

Someone could have all the bids/passwords/etc NOT available to them and still have rules to bid up to a certain preset limit. Those could be mutually exclusive. If someone sets a reserve on a lot and the AH can bid up to that point, it could be done either with or without the ability to view max bids and passwords.

I think Scott (Brockelman) hit the nail on the head for the most part and that's feeling comfortable with who you are bidding with. Whether it's the honest auto-bid or whatever you want to call the software, it does help build that comfortability though as I'm sure there were a lot of people comfortable with bidding with Mastronet, et al during 'the day'...........

[Griffins]

I just got off the phone with Al Crisafulli of Love of the Game Auctions. He is travelling thru the southwest and unable to get to this thread until tonite, but he asked me to post on his behalf that "LOTG unequivocally cannot see bids nor passwords" and cannot access the settings that would allow that.

[Stonepony]

This has all settled out how I thought it would. I'm just surprised AHs didn't stand up and challenge REAs claim, which apparently has been out there for years.
However, if AH do not have the capability to see watch lists, max bids and passwords... then what is BSTs "True Bid"?

[Kevin.Shenker]

Aha, I got it now. Short of reading everything from top to bottom, I am able to see only 2 names:

Legendary Auctions
Heritage Auctions

Am I missing any?

[terjung]

Originally Posted by Stonepony

This has all settled out how I thought it would. I'm just surprised AHs didn't stand up and challenge REAs claim, which apparently has been out there for years.
However, if AH do not have the capability to see watch lists, max bids and passwords... then what is BSTs "True Bid"?

Thanks for the question. We welcome the conversation.

Starting out as collectors ourselves, John, Andy, and I saw an industry that was, at minimum, wrought with accusations of misdeeds and fraudulent behavior. This was as troubling to us as it is to many of you. When we created BST Auctions, we wanted to present a system in which our bidders could trust, but we didn’t want them to have to take our word for it. To that end, we contracted with our vendor to have a way to communicate to our bidders that their max bids and passwords would be known to them alone. In short, we built the accountability into our software and are proud to display the True Bid™ seal that demonstrates to our bidders that we cannot see the amount of any max bids placed or any passwords.

Whether by having the True Bid™ system, a 0% seller’s fee, offering interest-free cash advances, building in and showing our decreasing buyer’s premium on the bid page, or by taking Paypal®, we try hard to operate our catalog auction in such a way as to glean the positive aspects of the hobby.

Let’s face it, we are talking about tens and sometimes hundreds of thousands of dollars in bids that bidders hope are being handled with integrity. We don’t take our bidder’s trust for granted and want them to feel comfortable placing max bids knowing definitively that those bid amounts are known to them alone.

Stated another way, we didn’t want our bidders to have to hope that we couldn’t see max bids and/or passwords or to hope that the conversation came up on a message forum so that we could answer the question. We took the step to answer the question before it was asked, contracted to have the True Bid™ system, and proudly display its logo. Thanks for the question!

Brian Terjung
BST Auctions

www.BST-Auctions.com

[darwinbulldog]

Originally Posted by Stonepony

This has all settled out how I thought it would. I'm just surprised AHs didn't stand up and challenge REAs claim, which apparently has been out there for years.
However, if AH do not have the capability to see watch lists, max bids and passwords... then what is BSTs "True Bid"?

If you read on, you'll see REA also proudly claims that no other auction houses are allowed to access or read the REA auction rules.

[Kevin.Shenker]

Originally Posted by Griffins

I just got off the phone with Al Crisafulli of Love of the Game Auctions. He is travelling thru the southwest and unable to get to this thread until tonite, but he asked me to post on his behalf that "LOTG unequivocally cannot see bids nor passwords" and cannot access the settings that would allow that.

I have spoken to Al before. By far my favorite person to talk to at a show. Always willing to continue to talk and very friendly. The auctions are growing in stature in the t206 area as well. Great combination all around.