B & L Auction Pick-Ups

[jrog007]

The Brockelman & Luckey auction will close with an “open-ended” 15-minute rule. Like a standard 15-minute rule auction, the sale will go into 15-minute rule mode starting on closing day at 9 p.m. EST. However, under the “open-ended” rules, ANY bidder can bid at ANY time on ANY lot in the auction, either before the start of the 15-minute rule or even after the 15-minute rule begins. Hence, even if a bidder has not bid on any particular lot in the sale, under the terms of the “open-ended” 15-minute rule they are able to bid on any lot in the sale even after that start of the 15-minute rule. The extended bidding period will continue until there are no new bids on any item in the entire auction--either by phone or via the internet--for a period of approximately fifteen (15) minute interval. At that time, the auction will close.

Tbob,
In the terms and conditions portion of the website, it was stated that anyone could bid on any lot at any time until the close of the auction. I lost one at like 2:30 AM. I was sound asleep by then.

[carrigansghost]

Closed way too late even for the west coast, but I did score another one.

Check is on the way, thanks Scott and Leon.

Rawn

[jrog007]

I won four cards in last nights auction. I was pleased to add this lot to the collection.

[ethicsprof]

great fun!
i've now won in 3 of the 4 auctions and am happy to add the White Sox postcard to my 'type' collecting.
I wondered what night owl could beat me on the T209-1 and guessed it was either tbob or Prof.B, since they're my late night competition!!!
And i was right, it was my good friend, the Prof---so i'm even happy about that!
best,
barry

[Orioles1954]

Originally Posted by jrog007

The Brockelman & Luckey auction will close with an “open-ended” 15-minute rule. Like a standard 15-minute rule auction, the sale will go into 15-minute rule mode starting on closing day at 9 p.m. EST. However, under the “open-ended” rules, ANY bidder can bid at ANY time on ANY lot in the auction, either before the start of the 15-minute rule or even after the 15-minute rule begins. Hence, even if a bidder has not bid on any particular lot in the sale, under the terms of the “open-ended” 15-minute rule they are able to bid on any lot in the sale even after that start of the 15-minute rule. The extended bidding period will continue until there are no new bids on any item in the entire auction--either by phone or via the internet--for a period of approximately fifteen (15) minute interval. At that time, the auction will close.

Tbob,
In the terms and conditions portion of the website, it was stated that anyone could bid on any lot at any time until the close of the auction. I lost one at like 2:30 AM. I was sound asleep by then.

In big red letters during extended bidding didn't it state that you had to have a bid on an item prior to a certain time in order to qualify? I could be mistaken, but I though I saw as such.

James

[Leon]

We used the open ended rule. The rules stated this for the last month or two:

IMPORTANT NOTICE: OUR AUCTION WILL CLOSE USING THE “OPEN ENDED” 15-MINUTE RULE

The Brockelman & Luckey auction will close with an “open-ended” 15-minute rule. Like a standard 15-minute rule auction, the sale will go into 15-minute rule mode starting on closing day at 9 p.m. EST. However, under the “open-ended” rules, ANY bidder can bid at ANY time on ANY lot in the auction, either before the start of the 15-minute rule or even after the 15-minute rule begins. Hence, even if a bidder has not bid on any particular lot in the sale, under the terms of the “open-ended” 15-minute rule they are able to bid on any lot in the sale even after that start of the 15-minute rule. The extended bidding period will continue until there are no new bids on any item in the entire auction--either by phone or via the internet--for a period of approximately fifteen (15) minute interval. At that time, the auction will close.

Also this email was put out TO ALL registered users after 38 minutes into the extended bidding:

"Dear Leon,
The 15 minute rule is in effect in the current Brockelman and Luckey auction. Everyone, regardless of if you bid on a lot before the extended bidding started or not, can still bid on any lot. Good luck to all.
regards
Scott and Leon
www.b-lauctions.com"


This email was put out to ALL REGISTERED bidders with approximately 6 hours left in regular bidding: (paraphrased) and I will admit it went an hour or so later than we thought it would....

"ALSO, there is a new method for our late bidders. Even if you HAVE NOT bid on a lot before the extended time you can still bid on it after the extended time starts. We believe this will help both bidders and consignors. We don't expect the auction to go past 12am-1am but only your bids will be the determining factor. As always we can not see up to bids and we are not allowed to bid in our own auction so please feel comfortable in placing an up to bid if you need to. Good luck!! best regards
Scott and Leon
www.b-lauctions.com"


***So, if anyone got caught not knowing the rules we apologize. Scott and I had a high level meeting this morning and discussed the closing. Most likely our auctions will close in this format from now on. If anyone wants to wait to bid, or bid later because of it, then they can certainly do that. I do agree it ended very late.......but bids were coming in and the auction had rules and they were strictly adhered too. I honestly don't know if there was a blurb about what James said but I will check into it. There shouldn't have been BUT regardless of that the rules page and the last 2 emails spelled it out. Thanks again and sorry if anyone missed out on anything......I know people hate to put max bids in but it is an option.....A few people did (obviously as their bids were enacted when someone else bid on items) and I think those folks got what they wanted.....Again, I/we understand there are a variety of (valid) reasons not to want to do that....regards

[barrysloate]

One thing I learned in my many years of doing auctions is most people don't read the rules, no matter how strongly you urge them to do so.

Even I wasn't aware of this rule until Leon pointed it out to me. I'm guilty as charged.

[Jacklitsch]

[E93]

Hi Barry,
Sorry about that my friend. I have a three hour advantage on you.
JimB

[barrysloate]

I never stay up late for auctions. I leave ceiling bids and I'm done. It worked very well for me last night.