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Posted 05/31/2015 11:02 am
IMHO if you are a victim of shill bidding it is your own fault. Set your max bid and
stick to it. There was an auctioneer of Canadian material some years ago that used to
run a lot of his own material through his auctions. Nothing wrong with that at all.
What I did find amusing was that when you were bidding against the book he would give
the impression that he had mail bids you were competing against. In reality he was just
trying to drive the price up to his reserve on his material. Nothing to get upset about
but the auctions would drag on.
It was quite clever as to the casual observer and potential consignor it would appear
that he had a strong participation from mail bidders and a high sell through rate. A
lot of his material would not sell and then reappear in later auctions and the process
would be repeated.
Again set your max bid and stick to it.This is easy advise for me to dispense. I wish
I would have followed it in my early years of collecting.
stick to it. There was an auctioneer of Canadian material some years ago that used to
run a lot of his own material through his auctions. Nothing wrong with that at all.
What I did find amusing was that when you were bidding against the book he would give
the impression that he had mail bids you were competing against. In reality he was just
trying to drive the price up to his reserve on his material. Nothing to get upset about
but the auctions would drag on.
It was quite clever as to the casual observer and potential consignor it would appear
that he had a strong participation from mail bidders and a high sell through rate. A
lot of his material would not sell and then reappear in later auctions and the process
would be repeated.
Again set your max bid and stick to it.This is easy advise for me to dispense. I wish
I would have followed it in my early years of collecting.
