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Absentee/Mail-in bids for auctions...

airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
in U.S. Coin Forum
How do they work? Does the bidding start at the highest absentee bid, or is an auction rep (like the guys on the phone) who bids until the absentee bid has reached its maximum?

I've been wondering for a while.

Thanks,

Jeremy
JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research

Comments

  • gmarguligmarguli Posts: 2,225 ✭✭
    Usually if the underbidder was at $500 and you bid $1000, they will start the bidding at $525 and the floor bidders will bid against your "book bid" until there is a winner.

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