Code Cracked on Hidden Reserves- Iconic Auctions

[Sterling Sports Auctions]

I don't know for sure but I think if the first bidder bids 200 and the next one bids 190 with a 20 start that it would only be two bids.

I have never really paid attention to be positive.

[parkplace33]

Thanks Ryan. This is a crazy way to run an auction. Has anyone actually one an item from iconic?

[Rhotchkiss]

Originally Posted by parkplace33

Thanks Ryan. This is a crazy way to run an auction. Has anyone actually one an item from iconic?

I have won things from them. Like I said in my first post, they ship quickly and safely after I pay. Never had issues in that regard. It’s more me being fed up bidding on the same items, auction after auction, because they never sold and my trying to figure out what the real high bid is/was and whether I chase things. As mentioned, I think I figured out how, at least, Iconic works so I know whether I am bidding against the AH or another bidder. I Suspect that knowledge will work in other auctions that use hidden reserves and can bid lots up if the opening bid, number of bidders, and bidding increments is disclosed.

As an aside, I am high bidder on one item that closes in their auction tonight, but the current bid accurately reflects the number of bidders x 10% increments, going back to the initial bid amount.