[meteorite-list] Auction Policies

From: michael cottingham <mikewren_at_meteoritecentral.com>
Date: Sun, 6 Feb 2011 10:17:18 -0700
Message-ID: <1CE8E7C4-E2D7-4645-93DF-2D83923E132D_at_gilanet.com>

Hello,

If I had been an absentee bidder, I would of been VERY angry as to how it went down. It is extremely unfair to absentee bidders to announce ..."ok folks hear is the highest absentee bid, let's move pass it and get on with the auction for all those who are here."

Best Wishes

Michael Cottingham
On Feb 6, 2011, at 10:10 AM, tracy latimer wrote:

>
> I would hope not. Floor bidders don't announce how high they are willing to go unless they make a bid for that amount and just don't increase it. Telling all the bidders present how much absentee bidders are willing to pay gives those in attendance an unfair advantage, as they can decide whether or not to up their bid. Absentee bidders can't, unless they have arranged to follow the action and can bid remotely, and I don't think real-time absentee bids are a feature yet of our meteorite auction.
>
> Wish I could have been there!
>
> Best!
> Tracy Latimer
>
> ----------------------------------------
>> To: meteorite-list at meteoritecentral.com
>> From: fallingfusion at wi.rr.com
>> Date: Sun, 6 Feb 2011 16:56:40 +0000
>> Subject: [meteorite-list] Auction Policies
>>
>> Good morning everyone. I am wondering what auction policies are for absentee bids placed in a live auction. Is the highest maximum absentee bid normally announced to the floor bidder(s) that is/are actively bidding on that particular lot? I would find such a practice to be of advantage to the bidders in attendance, especially when the amount is announced just moments before the hammer is being raised for last call.
>>
>> Ryan
>> Sent on the Sprint? Now Network from my BlackBerry?
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Received on Sun 06 Feb 2011 12:17:18 PM PST