Just Got Outbid By Floor Bidder at SGBH

RKKay

My bid: $6,500
Floor bid: $6,600

ER

That'll teach you not to be stingy the next time.

MFH

That happens to me all the time, especially if I'm bidding on multiple lots.

RKKay

<< <i>That'll teach you not to be stingy the next time. >>



Actually, I'm probably lucky I lost. I shouldn't have bid more $ than I have.

It was right about to close at $6,500, then $6,600 popped up.

wondercoin

"My bid: $6,500
Floor bid: $6,600"

Cut bid against you should have been higher than that - no?

Wondercoin.

RKKay

<< <i>"My bid: $6,500
Floor bid: $6,600"

Cut bid against you should have been higher than that - no?

Wondercoin. >>


That's why I was upset. Should've been $250. But, if they did $100, they'd have done $250. I'm just big on formalities.

wondercoin

That's why I was upset. Should've been $250. But, if they did $100, they'd have done $250. I'm just big on formalities.

Me too. But, as you know, auctioneer has discretion to accept any bid - except like you, I would simply cut bid per rules. I have seen the auction companies accept bids like this one when they are trumping an internet bid.

WONDERCOIN.

ledzep87

Sorry about the outbid.....if I would have known it was you, then you would have won.













Just kidding!!

RKKay

<< <i>Sorry about the outbid.....if I would have known it was you, then you would have won. >>



Thanks. I knew you were'nt trying to be mean.

Wondercoin: I know HNAI won't let a bid to be cut at less than the proper amount, and I think ANR and Goldberg are the same. I also suspect SGBH normally wouldn't.

wondercoin

Agreed - perhaps a fair question for the esteemed Paul Song - our newest board member

Wondercoin

RKKay

<< <i>Agreed - perhaps a fair question for the esteemed Paul Song - our newest board member

Wondercoin >>

Maybe...

coinkat

I am about to feel your pain... seriously...

taxbuster1040

Same thing happened to me about a month ago at Heritage. I bid $2100 on a proof half dime, got beat by $50 or $100 on the floor bid... It really sucks!

mozin

I lost out to Heritage floor split bidders four times this past year. It really burns me to lose by such a small amount. Doesn't seem fair. If the increment is $500, I don't think the floor bidder should be allowed only $250.

Conder101

If it was down to just the two of them and there were obviously no other bidders, if the floor bidder said "I have a Max bid at $6,600 and that beat the book, they may have decided to take it even though it wasn't a standard increment to maximize the return for the consignor since they knew it was a last bid. (If it didn't beat the books top then it would be fairest for them to decline the bid.) After all if it was reversed and the floor had been the $6,500, they would have still taken the book's $6,600 bid even tough it wasn't a standard cut increment.

MikeKing

<< <i>

<< <i>That'll teach you not to be stingy the next time. >>



Actually, I'm probably lucky I lost. I shouldn't have bid more $ than I have.

It was right about to close at $6,500, then $6,600 popped up. >>



Sometimes, I've actually given a sigh of relief, after losing a bid like that!

RKKay

<< <i>If it was down to just the two of them and there were obviously no other bidders, if the floor bidder said "I have a Max bid at $6,600 and that beat the book, they may have decided to take it even though it wasn't a standard increment to maximize the return for the consignor since they knew it was a last bid. (If it didn't beat the books top then it would be fairest for them to decline the bid.) After all if it was reversed and the floor had been the $6,500, they would have still taken the book's $6,600 bid even tough it wasn't a standard cut increment. >>



Very good point.