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Permalink Reply by Eric Keith Longo on May 26, 2022 at 6:39am

You need to read the Terms which are quite vague compared to others. Many houses will bid against you and they will say so right in the small print. Probably right near the part where they tell you nothing they say is to be taken as fact and the pictures are juiced for sale. Everyone should know the Terms they are agreeing to! Was it a reserve auction?  "... In addition, bids up to the Reserve Price may be placed by the Company on behalf of the seller up to where the next bid in succession would hit the Reserve Price.... If so, and they are saying they will bid, they are not lying. Technically, you should have already read all Terms before you bid 1 penny.

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Permalink Reply by Forgers Sump on May 26, 2022 at 6:47am

Oh, I see! To be honest, I read the Terms but didn't understand that Reserve Place meaning. Ok, I got it. Thanks a lot Eric.

P.S. Anyway, I still prefer the "traditional" way :D

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Permalink Reply by Eric Keith Longo on May 26, 2022 at 6:52am

Thank you - you are the first person to say "I did read the Terms!" to me in this type of converstion! Well done. Terms are by nature confusing so just ask questions when unclear :)

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Permalink Reply by Forgers Sump on May 26, 2022 at 6:54am

Haha, thank you! I will!! :D

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Permalink Reply by Eric Keith Longo on May 26, 2022 at 6:59am

:-)

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Permalink Reply by Eddy on May 26, 2022 at 7:57am

I agree with Mr. Sump here....I prefer the "traditional way" as well....but most of the autograph/memorabilia auctions I'm aware of now have you bidding against "the house".   

I've pretty well given up bidding at these auctions.  Besides this game, there's also taxes, buyer's premium, convenience fees for credit cards or PayPal, often high shipping, etc..  I bid on an item recently at an autograph auction and by the time all of this was added on, the item ended up costing me almost twice as much as the bid amount.

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Permalink Reply by Eric Keith Longo on May 26, 2022 at 8:34am

Areed. I don't bother with these auctions  - one time a $$$ item, large, unique, and delicate physically from age was sent to me with signature confirmation for safety. I found it thrown on my stoop in cold weather. It was a nitrate film print! Out in the cold!

I always work all those extras into my bid. I don't like surprises.

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Permalink Reply by Forgers Sump on May 26, 2022 at 10:38am

Etienne, Eric,

Thank you very much for your comments and your advices! I'm agreed with you.

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Permalink Reply by Eric Keith Longo on May 26, 2022 at 12:25pm

You are most welcome. Etienne is a nice guy with a lot of applicable knowledge - a great asset to the Community, our little "family". :-)

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Permalink Reply by Eddy on May 26, 2022 at 3:39pm

p.s.   I should have mentioned...in the auction I referenced above in which I 'won' and all of the other fees accumulated....I'm more than convinced I was bidding against "the house".  

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