Code Cracked on Hidden Reserves- Iconic Auctions

[Balticfox]

Originally Posted by Rhotchkiss

Anyway, this thread is not so much about Iconic as it is using them as an example of an auction house that uses hidden reserves and how to tell whether you are bidding against a real bidder or the auction house.

Good input!

[Lorewalker]

I do not bid with them but I am fascinated by Ryan's post. How can anyone know if the comparison of two different lots cannot just be attributed to someone using a top all or max bid?

As an aside, I would not be comfortable bidding with them if the same items keep turning up in a short period of time. I could not careless if there is a hidden reserve. My bids are based on the value I place on the item regardless of legit competing bids, hidden reserves or shill bids, which I think is happening quite a bit.

[oldjudge]

That Babe Ruth ball inscribed to Bill Stafford looks interesting. Stafford was only ten when Ruth died and it seems to me like a strange inscription to a sub-10 year old. Who knows?