RR Auction

Last night I was bidding on an autographed Orson Wells photograph. 30 seconds until close another person bid higher which set the clock to 30 minutes. I said to myself, I’m not bidding any higher and called it a night. I check my email after work and I have an invoice for the Orson Wells at my last bid price. So, now I’m confused, I call RR Auction and leave a message. Someone calls me back and tells me the highest bidder “accidentally” bid on the wrong item!? Something seems fishy since you have to place a bid on THAT item prior to 6:00PM so how can a person accidentally bid on the wrong item more than once? Either, that person has buyers remorse or I would hate to think they raise the bid to see how high you are willing to pay. This is my first experience with RR Auction and would appreciate any feedback.

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Permalink Reply by Joe W. on April 14, 2022 at 7:15pm

It benefits the house.

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Permalink Reply by Eric Keith Longo on April 14, 2022 at 7:37pm

Its a business. I expect the only person "looking out" for me is me.

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Permalink Reply by Dee on April 14, 2022 at 6:50pm

That’s good advice! Yeah, it makes no sense. Seems like it would work against them. You have 30 minutes to think about it-no impulse purchase.

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Permalink Reply by Dee on April 14, 2022 at 6:38pm

True!

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Permalink Reply by Dee on April 14, 2022 at 6:36pm

I am so happy to have found this group!

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Permalink Reply by Josh Board on April 14, 2022 at 8:44pm

You guys all bring up good points (add postage, buyers premium, etc..and decide if it's worth it). Generally, I like the 30 minute rule. It keeps snipers from swooping in last minute and taking it from you.

I do think it's VERY unethical, for RR to bid on items in their auction just because they "don't own it" (as they still get a buyers premium, right?).

In the instance with the photo you bid on, I'd be so ticked at what could have been done in various ways, to increase the amount you pay -- that I would come up with a price, that's a little bit less then what you bid, and say "I'll take it for THIS price" and....tell them why you want it for a small bit less than what your last bid was. I'm sure they'd take that, as...they probably didn't have a bidder right below you.

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Permalink Reply by michelle on April 14, 2022 at 8:47pm

ummmm, I wonder what autographs rr bids on???

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Permalink Reply by Eddy on April 14, 2022 at 9:13pm

Agreed here with Josh. I'd like to think Dee is in the driver's seat on this deal to dictate the terms.

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Permalink Reply by BallroomDays67 on April 14, 2022 at 9:48pm

It amounts to a hidden reserve. At most, it will only bump you up to the reserve price.

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Permalink Reply by michelle on April 14, 2022 at 10:28pm

what I have noticed recently is that there is often a flurry of activity the day before the auction ends and then no more bidding . Has anyone else noticed this?