Mastro/Legendary's Current Auction

[T206Collector]

Unless it's a software glitch, sounds like you're choosing "straight bid" instead of "ceiling bid".....

[Shoeless Moe]

Originally Posted by T206Collector

Unless it's a software glitch, sounds like you're choosing "straight bid" instead of "ceiling bid".....

Yep, I think it is my error, I am choosing the Straight Bid and should be choosing the Max bid. I'll do that going forward. Should I really trust there Max bid? With all the past shilling etc, makes me nervous.

Do most people use Max bid or just the next increment for straight bid and do 1 at a time?

[T206Collector]

I did an online survey a few months ago and the strategies were all across the board. But if you have the time, there really is only 1 downside to putting in an early placeholder and then bidding aggressively in extended bidding -- which is that there may be a certain bid that is your absolute ceiling and you want to be the first bidder to that threshold. But I agree with those who have said that if you put in an early max bid, all you are doing is inviting people to bid into your ceiling....

[calvindog]

Originally Posted by Shoeless Moe

Should I really trust there Max bid? With all the past shilling etc, makes me nervous.

LOL, unless you're the type that runs with scissors or goes swimming immediately after eating, I'd advise against leaving Legendary any ceiling bids. That would be akin to walking through Times Square with a roll of hundreds hanging out your back pocket. If Doug Allen doesn't grab your money the gypsies will.

[Mikehealer]

Originally Posted by calvindog

LOL, unless you're the type that runs with scissors or goes swimming immediately after eating, I'd advise against leaving Legendary any ceiling bids. That would be akin to walking through Times Square with a roll of hundreds hanging out your back pocket. If Doug Allen doesn't grab your money the gypsies will.

Now that's funny.

[glchen]

I've done a jump for bidding before where I use a straight bid very early in the auction that is considerably higher than then next incremental bid. The strategy here is to drive out early bidders who are only somewhat interested in the item and are only looking to put in a placeholder bid. This straight bid is not my max, and I think this only works for items that are a bit obscure. If the item is very popular, you'll get blown away, but if there would only be mild interest in the lot, you can reduce your competition for it.

[dstudeba]

Hi Bob,

Can you explain a little more how your software works? If I call in and do a bid by telephone do they enter that by a different method or do they access my account whereby they can see my max bids? How do they update information such as mailing address without being able to access bidding information? I take it they can't access our personal passwords? But could they temporarily change the contact email address, request the password, and then transfer it back to the original contact email address? I am not singling out Legendary, but I bid on many of your clients' auctions. Thanks for any information.

[bobfreedman]

Originally Posted by dstudeba

Hi Bob,

Can you explain a little more how your software works? If I call in and do a bid by telephone do they enter that by a different method or do they access my account whereby they can see my max bids? How do they update information such as mailing address without being able to access bidding information? I take it they can't access our personal passwords? But could they temporarily change the contact email address, request the password, and then transfer it back to the original contact email address? I am not singling out Legendary, but I bid on many of your clients' auctions. Thanks for any information.

I will try to summarize, a user can call up and give their name to the auction company, they company can look up this info and see a screen that has all the info of that caller with the exception of the UserID and PW. The auction company can then edit information or place a bid for that user. If an admin (only and admin) changes the email address the user will be notified via the old email address.

[bobfreedman]

As the software provider for Legendary, I can tell you that they have absolutely no view of any of the ceiling bids nor anyones passwords. When it was brought to our attention on this board that there was a way to log in as the user and view the ceiling bids, we were asked to close that ability by our customers, which we did so immediately. There will always be people who will believe what they want to believe regardless of all the measurements we have taken to prevent anyone to view Max Bids but, I can say with 100% certainty that legendary cannot see ANY Max Bids whatsoever and they have been very proactive in asking my company to help them in this regard.

[calvindog]

Originally Posted by bobfreedman

As the software provider for Legendary, I can tell you that they have absolutely no view of any of the ceiling bids nor anyones passwords. When it was brought to our attention on this board that there was a way to log in as the user and view the ceiling bids, we were asked to close that ability by our customers, which we did so immediately. There will always be people who will believe what they want to believe regardless of all the measurements we have taken to prevent anyone to view Max Bids but, I can say with 100% certainty that legendary cannot see ANY Max Bids whatsoever and they have been very proactive in asking my company to help them in this regard.

Bob, I'll bet $1 million of my money that Doug and/or Bill Mastro have looked at ceiling bids over the years and acted improperly with that information. Let me know if you want to take me up on this offer.

[dstudeba]

Thank you Bob for answering my questions, I appreciate it.

[bobfreedman]

Originally Posted by calvindog

Bob, I'll bet $1 million of my money that Doug and/or Bill Mastro have looked at ceiling bids over the years and acted improperly with that information. Let me know if you want to take me up on this offer.

Jeff, I cannot speak for anything that happened at Mastro's, (as i did not provide Mastros auction software) I was merely stating a fact that Doug or anyone at Legendary Auctions cannot see anyones Max Bids.

[calvindog]

Originally Posted by bobfreedman

Jeff, I cannot speak for anything that happened at Mastro's, (as i did not provide Mastros auction software) I was merely stating a fact that Doug or anyone at Legendary Auctions cannot see anyones Max Bids.

I'll make the same bet with regard to the existence of fraud in Legendary Auctions.

[iggyman]

Jeff, I just finished talking to my bookie and she is advising everyone to stay away from that bet.

gypsies.jpg

Lovely Day...

[Boomer]

Now that is funny

[bobbyw8469]

I can't speak for Mastro, as I only know them for their absurdly high prices they attained in their auctions looking through VCP history. I have won items through Legendary though, and have always received what I paid for (albeit a little slow with shipping).

[bobbyw8469]

The same can't be said through other auction houses.....right now, I am dealing with a "lost" package that I won through Heritage Auctions. An item I wanted really badly for a new set that I planned on completing....