the list (of criminals) is revealed

sflayank · #1 02-03-2016, 08:27 PM

Splitting a lot has nothing to do with shill bidding
If theres a lot of yankees and dodgers and i collect yankees and my brother collects dodgers should we bid against each other?...thats a ridiculous comparison.
Thats why ive railed on people who put in max bids as idiots...bid once and then bid at the end..if you put in a max bid....u might not deserve to get screwed but u will...
If youre famous or well known major collector bid under your cousins name and address so the ah doesnt know u

xplainer · #2 02-03-2016, 08:36 PM

This thread makes another turn. Wow.

sflayank · #3 02-03-2016, 08:40 PM

And btw...has any one on t his board figured out why these auction houses wont go to the 15 minute rule per lot?
ITS TO FORCE PEOPLE TO PUT IN MAX BIDS SO THEY DONT HAVE TO STAY UP TIL 4AM.

sbfinley · #4 02-03-2016, 08:52 PM

Quote:

Originally Posted by sflayank

And btw...has any one on t his board figured out why these auction houses wont go to the 15 minute rule per lot?
ITS TO FORCE PEOPLE TO PUT IN MAX BIDS SO THEY DONT HAVE TO STAY UP TIL 4AM.

I get why houses close all at once. It helps bring in more bids. Plenty of times I've reached my limit on one item so I fell back to another I was watching or put an early bid in on. If those would have happened to close early the house and consignor lose money.

sflayank · #5 02-03-2016, 09:10 PM

its a total fallacy...if the auction house rules were 15 minutes per lot or even 30 minutes per lot all the bidders would know that and bid accordingly....they want you to go to sleep and put in a max bid.....PERIOD...

sbfinley · #6 02-03-2016, 09:15 PM

I disagree, but hey it's a great country and we're allowed to.

begsu1013 · #7 02-03-2016, 09:35 PM

i don't even think garmin could navigate this thread w/o a hefty dose of tylenol, but could someone transcribe a list of those who have stepped up and commented on their actions for me?

not asking whether you believe or even liked what they had to say, simply of those that had the balls to actually log in and post.

just curious to see how short the list is.

thanks in advance.

"recalculating"

ullmandds · #8 02-03-2016, 10:07 PM

Quote:

Originally Posted by begsu1013

i don't even think garmin could navigate this thread w/o a hefty dose of tylenol, but could someone transcribe a list of those who have stepped up and commented on their actions for me?

not asking whether you believe or even liked what they had to say, simply of those that had the balls to actually log in and post.

just curious to see how short the list is.

thanks in advance.

"recalculating"

Shilling in the name of...

Exhibitman · #9 02-04-2016, 02:37 PM

Quote:

Originally Posted by sflayank

its a total fallacy...if the auction house rules were 15 minutes per lot or even 30 minutes per lot all the bidders would know that and bid accordingly....they want you to go to sleep and put in a max bid.....PERIOD...

That is not my experience, Larry. Most times I have a pretty concrete budget I can work with for an auction. I have often gone into OT with high bids on several lots that were later knocked out, leaving me with available cash but nothing to bid on even though there were items I would have bid on otherwise. Conversely, in an auction like Sterling where all lots close at the same time, I have successfully shifted my 'action' to alternative lots when the ones I was high bidder on fell out.

ETA: Tom Morello is older than me but still way cooler...

rats60 · #10 02-04-2016, 05:20 PM

Quote:

Originally Posted by Exhibitman

That is not my experience, Larry. Most times I have a pretty concrete budget I can work with for an auction. I have often gone into OT with high bids on several lots that were later knocked out, leaving me with available cash but nothing to bid on even though there were items I would have bid on otherwise. Conversely, in an auction like Sterling where all lots close at the same time, I have successfully shifted my 'action' to alternative lots when the ones I was high bidder on fell out.

ETA: Tom Morello is older than me but still way cooler...

That is good for you if you want to stay up all night. You ignore the people who go to bed with the high bid, but get sniped by someone who stays up all night. The consignor ends up losing money because one of his bidders is asleep and can't respond to the higher bid. Those auction houses that want all lots open to 4am are losing my business. I am more than happy to give my business to those like Heritage who close lots with no bids for 30 minutes or by live auction. It is not worth my time to sit around waiting to see if I get out bid.

Mark17 · #11 02-04-2016, 05:32 PM

Quote:

Originally Posted by rats60

That is good for you if you want to stay up all night. You ignore the people who go to bed with the high bid, but get sniped by someone who stays up all night. The consignor ends up losing money because one of his bidders is asleep and can't respond to the higher bid. Those auction houses that want all lots open to 4am are losing my business. I am more than happy to give my business to those like Heritage who close lots with no bids for 30 minutes or by live auction. It is not worth my time to sit around waiting to see if I get out bid.

Agree.

Hunt Auctions works like that too and I love it. I place early initial bids on the lots I'm interested in and then on the final night it's easy to manage my budget. As each lot closes, I know I either won it or I didn't, so then I can proceed to the next lot (or go to bed, having spent my budget.)

I couldn't just put max bids on all four or five lots and then get to sleep, because I couldn't afford to win them all.

earlywynnfan · #12 02-04-2016, 06:22 PM

Quote:

Originally Posted by rats60

That is good for you if you want to stay up all night. You ignore the people who go to bed with the high bid, but get sniped by someone who stays up all night. The consignor ends up losing money because one of his bidders is asleep and can't respond to the higher bid. Those auction houses that want all lots open to 4am are losing my business. I am more than happy to give my business to those like Heritage who close lots with no bids for 30 minutes or by live auction. It is not worth my time to sit around waiting to see if I get out bid.

While I 100% agree that the 30 min. per lot rule is much better, I'm a little surprised that you'd state -- in a thread about shill bidding -- that you prefer to give your business to an AH whose rules state the consignor may bid on their own items and the AH itself reserves the right to bid on "undervalued" lots.

Exhibitman · #13 02-06-2016, 06:54 PM

Quote:

Originally Posted by rats60

That is good for you if you want to stay up all night. You ignore the people who go to bed with the high bid, but get sniped by someone who stays up all night. The consignor ends up losing money because one of his bidders is asleep and can't respond to the higher bid. Those auction houses that want all lots open to 4am are losing my business. I am more than happy to give my business to those like Heritage who close lots with no bids for 30 minutes or by live auction. It is not worth my time to sit around waiting to see if I get out bid.

Wrong answer. If the auction closing time is the issue, set a firm closing time, say midnight, but close all lots at the same time so anyone who is topped on a lot during OT can reroute to the next lot on his list. I reiterate: any time you close lots individually you cost the consignor money if there is someone who would have bid on a lot once he was beaten on a more desirable lot but was shut out because some lots closed earlier than others. I have been that someone more than once.

And as others have pointed out, the rules at Heritage allow for bidding practices that may result in a price being run up:

"The Auctioneer, its affiliates, or their employees consign items to be sold in the Auction, and may bid on those lots or any other lots."
"If a lot bearing estimates fails to open for 40–60% of the low estimate, the Auctioneer may pass the item or may place a protective bid on behalf of the consignor."

Kenny Cole · #14 02-04-2016, 09:53 PM

Quote:

Tom Morello is older than me but still way cooler...

Tom Morello is a guitar playing MF. He's awesome.

RichardSimon · #15 02-04-2016, 10:38 PM

Quote:

Originally Posted by Kenny Cole

Tom Morello is a guitar playing MF. He's awesome.

+1
I have seen him playing with Bruce Springsteen and the E Street Band and he is an awesome guitar playing MF.

Runscott · #16 02-03-2016, 10:43 PM

Quote:

Originally Posted by sflayank

Splitting a lot has nothing to do with shill bidding
If theres a lot of yankees and dodgers and i collect yankees and my brother collects dodgers should we bid against each other?...thats a ridiculous comparison.
Thats why ive railed on people who put in max bids as idiots...bid once and then bid at the end..if you put in a max bid....u might not deserve to get screwed but u will...
If youre famous or well known major collector bid under your cousins name and address so the ah doesnt know u

Thanks for laying all that knowledge on us.

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