Is it safe to leave a mail bid with...
MrEureka
Posts: 24,331 ✭✭✭✭✭
Some auction companies are honest and consistently let me buy some things well under my mail bid limit. Other less trustworthy (but just as prominent) auction companies always hit me for my full limit.
For example, once I gave a mail bid on the wrong lot to a very major auction house and had to pay my full limit, which was multiples of any possible legitimate underbid.
Is it stupid for a beginner to even try to get a fair shake as a mail bidder?
Anyone care to share a story or two?
(Yes, I'm back from vacation and well rested, thank you.)
For example, once I gave a mail bid on the wrong lot to a very major auction house and had to pay my full limit, which was multiples of any possible legitimate underbid.
Is it stupid for a beginner to even try to get a fair shake as a mail bidder?
Anyone care to share a story or two?
(Yes, I'm back from vacation and well rested, thank you.)
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
I have read more than one story here where people said they constantly get dinged for their max bid on mail bids. It makes me leery.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
I have done many a mail / proxy / interent bid with Heritage and not been maxed.
Remember you sometimes have someone in the room who bids to see how high is high. If you attend and auction you'll see it. As far as bidding on the wrong lot I have seen them go back and rebid the entire lot.....on more than one occaison. They are fair I suppose but it does make one wonder. Now if they could only get their billing shipping and telephones working better it would be great.