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#1
07-10-2010, 07:01 AM
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auction
absolutely
every auction should close each lot individually whether it be 10 minutes or 30 minutes no time limit we will close when we feel like it is a joke Last edited by sflayank; 07-10-2010 at 07:01 AM. 
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#2
07-10-2010, 08:08 AM
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the rules are the rules
If you wanted it you should have stayed up. Many auction houses end at very late (or early morning) times. It's been going on for years. If there is something I can't live without then I stay up and bid or put in my max and hope it doesn't get run up. Sour grapes don't taste good. regards
ps...btw, some auction s/w won't allow auctions to close individually, and I am not sure that is best for consignors anyway....As a consignor I want the auction to stay open so people can continue to bid on my stuff.....it is debatable though.
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Leon Luckey www.luckeycards.com Last edited by Leon; 07-10-2010 at 08:09 AM.
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#3
07-10-2010, 08:43 AM
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lelands
thats 100 incorrect..no sour grapes here
i received email at 413 am saying i was outbid and the auction closed according to net54 post at 413 am so they didnt want to sell at that price ill bet every card i own that that lot went to a friend of the auction house..i just happened to get outbid at the second it closed? so if that person would have waited 1 minute longer i would have won it? i dont think so...i was willing to pay $8500 + the buyers and it went for 4500 + the buyers so who got screwed... i would say the consignor i would also be willing to bet that this item appears in another auction house within 1 year...that prediction has come true so many times its laughable....if u ask y i didnt put in 8500 when i went to sleep...because unquestionably i would have woke up and won it for 8500 because of shill bidding...thats why allowing bids past the increment should be outlawed
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#4
07-10-2010, 08:48 AM
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why?
So if you wanted it that badly why didn't you just stay up and bid or ask for a call in bid? I do understand your concern about shilling as it's rampant in the hobby. I have bid in 100's of auctions and never had an issue as you had. If I want to bid more, I do. It's really that simple. As far as "outlawing" some form of bidding......sure. To me that is an insane statement. But you are certainly allowed your opinion. I am sure my opinion seems crazy to you
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Leon Luckey www.luckeycards.com
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#5
07-10-2010, 11:31 AM
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Quote:
I believe that the auction closed to ALL lots around 4:45 EDT. I also believe that whoever outbid you was not a shill bid, but a calculated bid from a real person who wanted the item as much as you did. If Lelands' format was the same as Huggins & Scott's, that other bidder simply would have bid within the earlier parameters. You would have been outbid regardless. Perhaps you would have had more time to counter-bid, but the price would have been driven up either way. With regard to ceiling bids... I have won many items with Lelands for less than my top bid. But I do understand people's hesitance to leave a ceiling bid, given the corruption and some of the shady people within this hobby. Neither format is perfect... I have been frustrated many times by the Legendary/H & S system, where I am outbid and cannot jump to another lot (because it has closed). In my case alone, this has cost consignors thousands of dollars. I can't even imagine how much money has been left on the table, given the wider scope.
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#6
07-10-2010, 12:16 PM
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The simple truth is one can point to any auction format and say it is costing consignors money.
All the lots close at once? I won't stay up until the early morning. It cost the consignor money. Lots close individually? I got outbid on an item late and couldn't go back and bid on other lots. It cost the consignor money. The auction house accepts ceiling bids? I won't do that for fear of being shilled. It cost the consignor money. It's a live auction and I need to place my bid by phone? That's too inconvenient. It cost the consignor money. The auction house picks a time when the auction closes? Ridiculous and too undefined. It cost the consignor money. The bottom line is that no system pleases everyone. I didn't even know Lelands had an auction that ended last night, and while looking online at the catalog today I saw an Indians item that I would have paid at least twice the amount it sold for. I guess by not making sure I knew about the auction, Lelands cost the consignor money. Last edited by Rob D.; 07-14-2010 at 04:29 AM.
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#7
07-10-2010, 12:34 PM
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What Rob said...and I'm raising my hand for crabs.
Let me also add that in almost every auction I ever ran, I would receive a call the day after it closed by some confused bidder who forgot all about it (even though he received at least several email reminders in the final 48 hours). He would ask what lot so and so went for, and when I told him his response was always guaranteed to be along the lines of "that went so cheap, I would have gone much higher than that." There is always someone who wanted something really badly but couldn't manage to make note of the closing time. Not exactly the same situation as here, but along the lines of the day after bidder. Last edited by barrysloate; 07-10-2010 at 12:42 PM.
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#8
07-10-2010, 12:44 PM
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I agree that some of these auctions are getting a bt ridiculous, I was also outbid on the lot I was going after at around 4am ET but I guess that is life. I guess I'm not sure why the bidders are waiting until 4am to throw out bids, and I'm not really sure what a solution would be but it just seems to get later and later (or earlier and earlier) with every passing auction. I prefer the all lots end at the same time format as I can re-allocate funds if I'm going after many potential items, but when I'm going after a single lot I love the individual lots ending (Seriously, these auction houses should call me and see which one I want and end it that way!
).-Rhett
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Check out my YouTube Videos highlighting VINTAGE CARDS https://www.youtube.com/channel/UCbE..._as=subscriber ebay store: kryvintage-->https://www.ebay.com/sch/kryvintage/...p2047675.l2562
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#9
07-10-2010, 08:46 AM
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I didn't bid in Lelands but the way they end their auction leaves the door open for fraud and chicanery. All these big auction houses have larceny in their heart. I am a 47 year old man w a family and I am not gonna stay up until 4am (or later) to bid on a baseball card. It is stupid. Close the lot after 30 minutes or so. Im not saying Lelands or any other big auction house are crooks but............hmm.............
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#10
07-10-2010, 08:51 AM
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47?
Quote:
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Leon Luckey www.luckeycards.com
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#11
07-10-2010, 08:58 AM
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bidding
as far as i know shill bidding is against the law
it simply cannot be regulated maybe if lelands or any auction house wants to prove its honesty they should post the names of all the bidders i can only imagine the good laugh we would all get then AND BTW what difference would it have made if i stayed up they have the right to close the auction anytime they want 2 seconds after the outbid notice auction was closed...so the only way for me to win the lot would have been to put in a max bid and watch the shill go to work thats what they want...they want people to put in max bids because that enables them to screw the max bidders out of the most money...thats the goal of max bids...no one should EVER put in a max bid youre basically telling them to go ahead and screw you Last edited by sflayank; 07-10-2010 at 09:05 AM.
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#12
07-10-2010, 09:06 AM
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An auction house can't post the names of the winning bidders. Those bidders are entitled to their privacy. And poster ajg shouldn't really be saying what he did anonymously.
I would have left the 8500 bid and taken my chances. Maybe you would have gotten it for 7500 and been pleasantly surprised. Maybe it would have gone for 9000. Who knows? I know it's frustrating but what can you do?
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#13
07-10-2010, 09:12 AM
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auction
what u can do is go the way of the other auction houses no bids for 10 minutes 20nminutes 1/2 hr whatever lot is closed
if someone is hi bid for 7 hrs after auction closing time i think they should win the lot
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#14
07-11-2010, 10:29 AM
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I empathize with your frustration
Hi Larry,
Sorry to hear about the experience. I believe as you and many do that there are some less than honorable practices at major auction houses that are at best questionable and at worst illegal. With so much financial gain at stake, I do not see that changing anytime soon. If I was in your shoes, and I was willing to go 8500 and the item was at 4500 and I didn't trust the house, I would probably have put a ceiling bid in the middle - say at $6500 - maybe there is a shill, but perhaps I still get the item for way less then I would have been willing to pay. Or maybe the same thing happens and you feel a little less worse about losing because of the higher price. Regardless, I feel your pain. I have had similar experiences. In fairness to the houses, I have won items for below my ceiling bids as well. Be well. -Howard
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