Quote:
Originally Posted by dhernandez
How often do you guess House wins lots and use the non-paying bidder ploy and what happens next? Do they contact the next highest bidder or do they re-list? Prior to the internet when AHs were utilizing phone call in's to place bids. I'm sure the house bump was a standard that was employed routinely because of the lack of "hard" paper trail with phone bumps.
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How often? Who knows. HA, I believe, is the only one brazen enough to afford themselves that right. A clue may be what happened with the Lenox Cobb: It hung around $8000 , with a sudden bump to a $17,000 bid ( which I believe was a house bid) . It hammers at that price and the next day is for sale at Heritage at that price. Disgusted me, but maybe I'm wrong in how it went down.