Heritage Auction Question

[jfkheat]

I have bid with other auction houses but never bid on anything with Heritage until this current auction. In reading the auction rules I thought the items ended like most other auction houses, with the 15 or 30 minute rule. I just went to place bids on some of the cards that I had already placed bids and something popped up about placing bids in the live auction. I followed the link but don't see a live card auction. They just finished a coin auction. When is this live card auction? This seem like a very odd way to do an internet auction.
James

I see where I was confused. Unlike most other auctions, Heritage ends each lot individually instead of all items being extended 30 minutes when new bids are placed. This confusion caused me to miss out of a few cards that I really wanted.

[Leon]

Their auction endings have been the same for years. They used to do a few live card auctions. They don't do live card auctions anymore, for the most part, as I don't think they felt that was the best way to auction cards. And each lot has always ended individually. (personally the way I like them to end)

Originally Posted by jfkheat

I have bid with other auction houses but never bid on anything with Heritage until this current auction. In reading the auction rules I thought the items ended like most other auction houses, with the 15 or 30 minute rule. I just went to place bids on some of the cards that I had already placed bids and something popped up about placing bids in the live auction. I followed the link but don't see a live card auction. They just finished a coin auction. When is this live card auction? This seem like a very odd way to do an internet auction.
James

I see where I was confused. Unlike most other auctions, Heritage ends each lot individually instead of all items being extended 30 minutes when new bids are placed. This confusion caused me to miss out of a few cards that I really wanted.

[jfkheat]

Thanks Leon. Like I said, this was my first time bidding in a Heritage auction. Like you, I also like the lots ending individually. If I had read the rules correctly I would have probably won a few cards that ended when they were scheduled to.
James

[scooter729]

I have bid in many Heritage auctions, but I agree with you that I think something may have been different in their terminology about the live auction aspect. There were references to bid in the live auction, when in fact there was no live auction for last night's cards.

I don't remember that language in their descriptions in the past, though I'm not 100% positive about it.

There were some amazing items in their auction last night, and I was happy to get a few!

[iowadoc77]

I realize it was my fault, but with the different ending last night, one consigner missed out in at least $500 on a lot I was not able to up my bid on.
Huge fan of heritage, but this one was very frustrating.

[jefferyepayne]

I came here specifically looking for this discussion today. I can't believe that the one of the biggest auction house on the planet can't make their auction rules clearer. I've been bidding on HA auctions for years and still can never tell whether I've actually won something, an item is truly closed vs. shifting to a Live auction, etc. Their site is confusing at best, its difficult to tell for any auction what the rules are as the stated rules often conflict with text on the pages for a specific auction.

As Jamey mentioned, after I THOUGHT bidding on items was done, you could still type in a new bid and it would pop up a message telling you to go to their Live Auction site to bid further. VERY confusing as I went there multiple times, frantically searching for a Live auction as I was afraid that my high bid was somehow going to be overtaken without me being able to respond. I finally gave up and just went to bed. That's an hour of my life I'll never get back.

jeff