Collect auction issue?!

[buymycards]

It also could have been the hidden reserve kicking in, with the house bidding for the consignor. See the other thread:

Well, according to collect auction rules:

"RESERVES: This auction contains property belonging to third persons known as consignors and lots submitted by consignors may include a reserve. A reserve is a confidential price agreed to by the consignor and Collect Auctions LLC, below which a lot will not sell. Collect Auctions LLC may place bids on behalf of the consignor for such lots up to the reserve. Max bids placed for those lots with reserves will be automatically bid up to but not above the reserve, or up to the max bid if the reserve exceeds the max bid."

"Make of that what you will."

"I would love an explanation of the difference between an undisclosed reserve that an auction house can place bids up to and shilling?"

[buymycards]

Howard, I'm not sure which item you bid on, but I see that lot # 174 closed at $1491. At the top of the auction page, it states that all final prices shown include the BP. So, if this lot closed at $1491, it didn't add the BP in the final price that is shown, which leads me to believe that the house may have bid on this lot.

Just speculating.

# Bids: 26
Min Bid: $100
Current Bid: $1,491
End Date: Lot Ended

Rick

[hcv123]

Originally Posted by buymycards

Howard, I'm not sure which item you bid on, but I see that lot # 174 closed at $1491. At the top of the auction page, it states that all final prices shown include the BP. So, if this lot closed at $1491, it didn't add the BP in the final price that is shown, which leads me to believe that the house may have bid on this lot.

Just speculating.

# Bids: 26
Min Bid: $100
Current Bid: $1,491
End Date: Lot Ended

Rick

That was the lot I was bidding on. When I just went to look it shows final price "1789.00". When you looked this morning it only showed 1491.00?

[hcv123]

I expressed my concern about "shenanigans". He assured me NO SHENANIGANS.

I inquired about the lot in question. He was a bit confused himself looking at the timeline. He explained that another bidder placed a straight bid for 1491. according to the system 20 minutes earlier than my bid for 1491 while he was the high bidder at 1355. When I placed my bid for 1491 the system advanced the other bidders bid to the 1491. Both of us confused as both of our understanding of a "straight bid" is just that - it registers immediately at whatever the bid is.
All of that said he said the other bidder placed another bid and had room above the 1491 - which was as high as I was going to bid anyway. I feel better that I didn't have a shot at the 1491 - I hate being the 1st under bidder!!

Thanks all for your input.

Howard

[buymycards]

Originally Posted by hcv123

That was the lot I was bidding on. When I just went to look it shows final price "1789.00". When you looked this morning it only showed 1491.00?

Yes, I copied and pasted the info from their site this morning at around 8:40 am Central time.