lelands and his type auctions should be made illegal

[barrysloate]

That's reasonable Larry but we've had many debates on the board regarding what the best or the fairest system is for closing bids. Bottom line is not everybody agrees. Some like closing all the lots at once better, some prefer closing each one separately. There has never been a consensus.

[sflayank]

closing all lots at an announced time is ridiculous as everyone would wait to snipe like ebay
closing all lots when you feel like it like lelands does is ludricous as the door for dishonesty is wide open..thats not saying theyre dishonest just saying the door is WIDE open
you can close an auction at midnite with a 1/2 hr no bid per lot rule and every single person in the country has the ability to bid on that lot and can watch the clock countdown on their lot and jump in again if they chose...no max bids allowed eliminates shilling as the auction house wont know how hi youre willing to go,,if a shill outbids you theyre taking a chance that youll bid again when u may not

[Jim VB]

This is the silliest thread ever, even considering the source. Every auction house sets, and publishes their own rules for bidding. If you don't like them, don't use that house. You said it yourself, many items show up in future auctions anyway.

In the meantime, you should inure yourself to the fact that those rules are written to be of maximum benefit to the CONSIGNOR, not to you. If getting maximum value for the consignor inteferes with your sleeping habits, so be it.

Coming on, a day after the auction, and saying you would have paid more, doesn't really make you a bidder.

[sflayank]

well in this case the consignor lost over 4000
so how does this system benefit the consignor
if there was a 10 minute per lot rule i would have been up and watching...when u tell me we'll close when we feel like it
you lose many many bidders not just myself and the consignor loses money

[Jim VB]

Originally Posted by sflayank

well in this case the consignor lost over 4000

No he didn't, because your bid is mythical. You never made it. Anybody can come here and say what they want, but if you don't make the bid, it isn't factual.

The fact is that you were too lazy to stay up, or too distrusting to place a max bid, early.

The way I look at it, if you distrust the auction house so much (and I'm not saying you should or shouldn't), then you should probably not do business with them. Why would you spend your money with a company that you think is dishonest?

[sflayank]

its a simple fact that placing a maximum bid promotes a high probability of dishonesty
i guarantee you that dozens of bidders went to sleep before the auction ended that would have bid more on the items they wanted
but just said the hell with it
that shows they dont care about the bidders or the consignors only about themselves
lebron james mentality

[Jim VB]

Originally Posted by sflayank

...that shows they dont care about the bidders or the consignors only about themselves

Ridiculous statement. They have no fiduciary responsibility to a bidders sleep habits. The consignors and the house have goals that are in line with each other. That is, to extract the most from the bidders (Not you. The real bidders. People who actually bid, not just talk about it.)

That fact that you are too lazy or too distrustful to actually bid in their auctions can't be controlled.


Sour grapes from a guy who lost an auction.

[Exhibitman]

Originally Posted by sflayank

its a simple fact that placing a maximum bid promotes a high probability of dishonesty

That is so not true. Bad character and lack of respect for others and for the law promotes dishonesty. Honest people don't steal, regardless of the temptation. Like The Clash said, "I been very tempted to grab it from the till; I been very hungry but not enough to kill."