Opinions on Huggins and Scott auctions

[GemMintAuctions]

Originally Posted by rainier2004

What are "up to" bids?

The same as a "max bid" or "ceiling bid". It's when you set the highest dollar amount that you want the system to bid on your behalf instead of just placing a straight bid. Many people are reluctant to place these through auction houses because they can see them in their system and some will shill bid up to them.

[Leon]

Originally Posted by GemMintAuctions

The same as a "max bid" or "ceiling bid". It's when you set the highest dollar amount that you want the system to bid on your behalf instead of just placing a straight bid. Many people are reluctant to place these through auction houses because they can see them in their system and some will shill bid up to them.

Correct on the definition of a max or up to bid. Not quite correct, at least for all auction houses, on being able to see those max (up-to) bids. I know REA advertises they can't see up to bids and in the auction that Scott and I run we can't see them either. From day one of our existence we have instructed our s/w provider, Create Auctions, to not even have that as an option for us. We have never been able to see a max bid, it's physically impossible, on purpose. For that reason I have had a number of bidders tell us they do put up to bids in, in our auction, whereas they won't with many auctions. regards