clean sweep auctions and the penalty for bidding late
I have never participated in a cleansweep auction and there is an item I am interested in.
The auction ends tomorrow and in reading the rules it states that they discourage bidding in the middle of the night by increasing the buyer's premium as the auction goes late into the evening. It looks to me like they don't use Simple auctions (as far as I can tell). From what I understand, auction houses do not know your maximum bid if they use Simple Auctions software. I hate to reveal my budget to strangers at the auction house and all the talk over the years of auction house ethics, issues and conflicts of interest is not helping lessen my concerns. Furthermore I reached out to them last week and they never returned my phone call. Does anyone have experience with cleansweep and has anyone put their max bid in early and had positive results? |
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Not too long ago I put in a max bid with Clean Sweep and got it for 2 increments below my max. |
I have put in probably 20 max bids with Clean Sweep over the years. I recall the approx. breakdown as follows...
9 Times - Won at Max Bid 2 Times - Won at less than Max 9 Times - Outbid/Lost Please don't read anything into this... that's just my recollection of events. |
Thanks! Leon, are you following me around this evening? LOL
I remember last year I wanted something at SCP and decided to put in a max bid. Seemed no one wanted the item and it never moved past my initial bid. The winning bid was way below the max bid. |
Michael,
I have only bid twice in their auctions and won both items by putting in my max bid and won both significantly lower than the max bid. Greg |
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