Contact from an Auction as an Under Bidder

[isiahfan]

Given this example with $100 bidding increments and you are the underbidder (Bidder 2):

Bidder 1 - $5000
Bidder 2 - $4900
Bidder 3 - $4000

I am sure the AH will contact you and ask if you are willing to pay the $4900....but if Bidder 1 bowed out...then really you should be getting it at $4100...which is what I would negotiate for. Whether or not you are successful could obviously sway your decision.

[x2drich2000]

Originally Posted by isiahfan

Given this example with $100 bidding increments and you are the underbidder (Bidder 2):

Bidder 1 - $5000
Bidder 2 - $4900
Bidder 3 - $4000

I am sure the AH will contact you and ask if you are willing to pay the $4900....but if Bidder 1 bowed out...then really you should be getting it at $4100...which is what I would negotiate for. Whether or not you are successful could obviously sway your decision.

Except you and the AH never know if someone else would have bid between $4100 and $4800 but couldn't because the bid was already pushed higher than that amount. In these situations you really need to look at it as a buy it now rather than an auction because you'll never be able to tell how others people would have bid if bidder 1 was taken out of the picture.

[FrankWakefield]

Don't you guys mean $4000, instead of $4100????

[raulus]

Originally Posted by FrankWakefield

Don't you guys mean $4000, instead of $4100????

I think with the bid increment rule, if bidder 3 is at $4,000, then the next highest bid would need to be at $4,100.

[raulus]

Only had it happen once.

It was an eBay auction. The seller had another one of the same player, same issue, same grade, and offered it to me for my final bid.

It was a price that worked for me, and so I went for it. Given that they were two different certs, I was less paranoid about getting played. And given that the price was 3 figures and not 4 or 5, I wasn’t too paranoid about some shill just taking me for a ride.

[jingram058]

Some years ago I watched a commonly available but obscure book on eBay go into a feeding frenzy. I contacted the under-bidder when the auction ended and offered the same book, which I had, and we agreed on the insanely bid up price. My conscience got the better of me, and I returned his cashier's check and he kept the $10 book I sent him.

eBay frowns mightily on this sort of thing today. Unless you're otherwise in the know, or have broken their encryption code, it's impossible to know who the bidders are.

[Fred]

I can recall this happening on ebay, but never an AH.

If it were an AH and the offer came a day or two after the auction, then I'd be wondering "what's up with this"? If it occurred a few weeks after the auction, then I'd be thinking the winning bidder reneged on the bid.

I've contacted a top AH (not one of the little guys) before and inquired about an item that didn't sell and it was made available for 30% less the minimum bid (no other fees, besides shipping attached). I was happy to pick it up.

It's probably up to the discretion of the AH to sell unbid lots and I'm pretty sure the AH would have to get the consignors permission or sell it for the cost of the item sans the seller's premium charged by the AH.

[Snowman]

Originally Posted by x2drich2000

Except you and the AH never know if someone else would have bid between $4100 and $4800 but couldn't because the bid was already pushed higher than that amount. In these situations you really need to look at it as a buy it now rather than an auction because you'll never be able to tell how others people would have bid if bidder 1 was taken out of the picture.

Exactly! I was just about to post this as well. People always claim they should be able to buy it for one bid above the 3rd place bidder, but that's not fair either, for the reasons you outlined above.

[Aquarian Sports Cards]

We have only done it once or twice when a higher end item went unpaid. Of course at that point it's at least several weeks after the auction when collection efforts have failed, but we don't like to do it as the optics of it aren't good for reasons already shared in this thread.

[Aquarian Sports Cards]

Originally Posted by Snowman

Exactly! I was just about to post this as well. People always claim they should be able to buy it for one bid above the 3rd place bidder, but that's not fair either, for the reasons you outlined above.

By auction law if you are removing a bidder you have to remove all of their bids, not just their last bid, which leaves you with the third place bidder scenario, but I see the point about the psychology of bidding.