Barry S. Slosberg Reviews (%countItem)
Barry S. Slosberg Rating
Address: 3455 Edgemont St, Philadelphia, Pennsylvania, United States, 19134
Phone: |
Show more...
|
Web: |
|
E-mails: |
Sign in to see
|
Add contact information for Barry S. Slosberg
Add new contacts
Bidding was placed for approximately a week before the final auction date of Jan. 19th, 2020. This auction was featured on Live Auctioneers
The starting bid for Lot *** was $15 and I placed the $15 amount days prior to the actual auction date. A day or two later I put in a max bid of $20 just in case. My user name on Live Auctioneers is ***.
When I checked after the auction ran, I saw that the final bid on that lot was $20 and so I assumed I had won it but didn’t get any notification as to winning or losing from the auction house. Below are the following message that were sent and received via the Live Auctioneers message board:
Jan. 20th Me:
I bid the starting bid of $15 on this. A couple days later I bid $20. So I have won this auction and have not been notified. Please explain.
Jan. 20th Auction house:
I'm afraid bidding on Live Auctioneers doesn't work like that. You can't bid up your own bids.
You bid $15. Someone else came along and bid $20, so they were the high bidder and won the lot.
You would have had to have increased your bid by more than one bid increment to make that second bid have any effect, in this case, $25.
Jan. 21st Me:
But the winning bid was a $20 bid which I had made. So are you saying there was a tie? Because the amount was still at $15 when I went up to $20 just in case. I thought that in the case of a 'tie' it would be the 1st person to make the amount of the winning bid. Wouldn't the 'other' person have had to bid $25 to top my bid? Perhaps I'll check with the auctioneer’s board?
Jan. 21st Auction House:
There are no ties in auctions; the high bid is always with a single person at any point during the auction.
And bidding is turn-based, it goes back and forth, in set increments.
So: you bid $15 and then raised it to $20, but the bid increment was $5, so you were going to get outbid by anyone who happened to bid $20, or more.
You bid $15, someone else bid $20. You would have to have bid $25 or more to have been the high bidder again.
Hi ***Thanks for sending me this email. Just to explain about us a little. We are an auction company which conducts live bidding sales both in-house and on the internet. We use two bidding platforms for our sales. One is Live Auctioneers and the other is Invaluable. Bidders can bid from all over the world in the comfort of their own home during the live auction and we have two separate clerks who operate the competitive bidding consoles. We also have phone bidders that are bidding live and bidders in the audience. Online bidders can bid in two ways - one is to leave a bid by which the platform will bid up only to the certain amount that was left and no higher. The other way is to sit at their computer and bid live. In this case the person originally left a $15 bid then later in the week raised her bid to $20. But Live Auctioneers does not start the bid at the highest amount trying to get it as cheap as possible for their client. The increments were set at $5 and another internet bidder bid $20. Therefore, *** would have had to bid $25 to be the higher bidder for the item. If she were sitting at her computer she could have bid higher. While we always try to get the most for our consignors we also don't run up any of our bidders. We have been in the auction & appraisal business since 1976 and have one of the finest reputations in Philadelphia, Pennsylvania and surrounding states. *** seems to have contacted Live Auctioneers regarding the item of interest and as you can see they have tried to explain the bidding process very clearly. But, I am also including the history so you can see the actual bidding process that took place during the sale. She also contacted the Pennsylvania Auctioneer's Board which also found in our favor. This was their response:
You should defer to LiveAuctioneers as this has all to do with their technology. I can tell you that that venue is not alone in this type of bidding. This is definitely NOT a legal issue and more of a technology issue. Kim