[meteorite-list] Tuscon auction question

From: Howard Wu <freewu2000_at_meteoritecentral.com>
Date: Sun, 6 Feb 2011 15:25:37 -0800
Message-ID: <EED5239F-52DF-4CA0-A77F-73F251A56E93_at_yahoo.com>

Where absentee bids release first? If that happened I would be totally offended. It would be a breach of contract between bidder and house. Whats to stop shill bidding to a nickel below absentee bids? Or a nickel over. I sent in two absentee bids. I hope did not happen.
Howard J. Wu L.ac
Bishop, CA

On Feb 6, 2011, at 2:33 PM, Nigel & Julie Mann <janamann at cwgsy.net> wrote:

> As an absentee bidder who was not able to watch the auction stream live I have been a little confused when reading recent posts regarding the auction as to what exactly occurred when handling absentee bids.
>
> I had assumed that they would be treated just like any other bid from someone in the audience as stated on the Auction details: "ABSENTEE BIDS will give you an excellent opportunity to buy as though you were at the auction, even from Europe. You offer your highest bid and are automatically "bid up" only with the live bidding, so, you could get it well below your maximum."
>
> Did this not happen in practice? I read mention of absentee bids' maximums being announced to the audience??
>
> Nigel.
>
>
>
>
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Received on Sun 06 Feb 2011 06:25:37 PM PST