If you think that’s “bait and switch”, you don’t understand what “bait and switch” is.
This IS a form of bait and switch. The auctioneer should know the market AND the method to sell product for maximum value for the customer.
Auctioning the same item(s).....twice. Baited bidders with one auction....switched tactics and auction the same item(s)..again.
The bidding process and rules are disclosed well in advance of the sale. And there is no deviation from that process. That is in no way an example of “bait and switch”.
“Bait-and-switch”: “The action (generally illegal) of advertising goods which are an apparent bargain, with the intention of substituting inferior or more expensive goods.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
First of all, I will happily buy all of your coins at the lowest possible price since that's how you think you should sell them. I assume face value is acceptable? Send me your PayPal address and the total face value of your collection. {end sarcasm} Of course coin sellers want to maximize their return. Only you want to sell your collection for face value to me. {return of sarcasm}
Second of all, this is an open auction that doesn't screw anyone. Everyone knows the terms up front and are free to bid (or not bid) whatever they wish.....
Now you sound like a JERK (no sarcasm), don't play politics and try to put words in my mouth......
Huh?
No politics. I took you at your word. Only greedy sellers try to get the most for their coins. I assumed you don't want the most for your coins because you're not greedy.
A bait and switch would be advertising the 1915 set and then replacing it in the auction with a 1945 proof set.
Auction IS baiting....offering a SET and then auctioning....the identical items....as individual lots.
That makes no sense to me. That is the UPFRONT TERMS. There's no baiting - you know what the deal is. Nothing gets switched.
You bid on individual lots and then there is one chance to bid on the full set starting at the next increment from the total price of the individual lots.
While you may not like the format, it is NOT a bait-and-switch as the term is defined.
This tactic has been used many times over the years, including for better proof sets. I would like to see coins in original holders remain raw in their holder but not to be. Collectors still pay up for early medals in original presentation cases so all is not lost.
Comments
The bidding process and rules are disclosed well in advance of the sale. And there is no deviation from that process. That is in no way an example of “bait and switch”.
“Bait-and-switch”: “The action (generally illegal) of advertising goods which are an apparent bargain, with the intention of substituting inferior or more expensive goods.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Huh?
No politics. I took you at your word. Only greedy sellers try to get the most for their coins. I assumed you don't want the most for your coins because you're not greedy.
It was a compliment.
You might look up "sarcasm"
That's not what bait and switch means. Bait and switch is when you offer one product to get them in the door but then sell them a different product.
This is simply the terms UP FRONT of the auction. Nothing got switched or baited.
A bait and switch would be advertising the 1915 set and then replacing it in the auction with a 1945 proof set.
Auction IS baiting....offering a SET and then auctioning....the identical items....as individual lots.
That makes no sense to me. That is the UPFRONT TERMS. There's no baiting - you know what the deal is. Nothing gets switched.
You bid on individual lots and then there is one chance to bid on the full set starting at the next increment from the total price of the individual lots.
While you may not like the format, it is NOT a bait-and-switch as the term is defined.
Then don't bid. Problem solved.
This tactic has been used many times over the years, including for better proof sets. I would like to see coins in original holders remain raw in their holder but not to be. Collectors still pay up for early medals in original presentation cases so all is not lost.