Is this is shill bidding by B&M?
clackamas
Posts: 5,615 ✭
I bid on 1 coin, and only bid once. I get a notice that I have been outbid and think "oh well I did not really want it it was just cheap". Then I get a notice that I actually won. How could I have won if I had been outbid? Should I not get a notice of a bid retraction?
I bid on a coin here are the details:
********************************
Email I rcvd:
Local time: September 25, 2003 6:33 PM PST.
Thank you for bidding in auction # 11533 - Kingswood Coin Auctions " The
Orleans Sale"
This message is a confirmation that your bid has been received. There is no
need to reply.
The details of your bid are included below for your reference.
*****************************************
Local Time: September 25, 2003 6:34 PM PST.
Dear Brian Maguire,
YOU HAVE JUST BEEN OUTBID! Your item information is below.
Please verify that the information is correct. If you want to bid again,
use the speed link at the bottom of this message.
Auction #: 11533
Auction Closes: Thursday, September 25, 2003 7:00 PM PST.
**************************************
I never bid again.
***************************************
Subject: ACU - Auction Results from Kingswood Coin Auctions " The Orleans
Sale"
Local time: September, 26, 2003 02:41 PM
Congratulations! You have won the following lots in Auction # 11533 which
ended
September, 25, 2003 07:00 PM Pacific time.
I bid on a coin here are the details:
********************************
Email I rcvd:
Local time: September 25, 2003 6:33 PM PST.
Thank you for bidding in auction # 11533 - Kingswood Coin Auctions " The
Orleans Sale"
This message is a confirmation that your bid has been received. There is no
need to reply.
The details of your bid are included below for your reference.
*****************************************
Local Time: September 25, 2003 6:34 PM PST.
Dear Brian Maguire,
YOU HAVE JUST BEEN OUTBID! Your item information is below.
Please verify that the information is correct. If you want to bid again,
use the speed link at the bottom of this message.
Auction #: 11533
Auction Closes: Thursday, September 25, 2003 7:00 PM PST.
**************************************
I never bid again.
***************************************
Subject: ACU - Auction Results from Kingswood Coin Auctions " The Orleans
Sale"
Local time: September, 26, 2003 02:41 PM
Congratulations! You have won the following lots in Auction # 11533 which
ended
September, 25, 2003 07:00 PM Pacific time.
0
Comments
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
I'm not so sure there wasn't shill bidding last night, given the prices of some of the Lincolns.
Lot# 107 - 1972-S Lincoln Cent MS-66 RD (PCGS)
It was a cheap coin, actually a decent deal, so I am not upset. I get the coin for my bid but they asked me to bid again when it was not needed.
Russ, NCNE
Regarding your Kingswood situation - my guess is that one of the following occcurred:
1) A legitimate bidder bid (intentionally or in error) and later retracted his bid.
2) A consignor put in a reserve bid, saw that the coin wasn't going to sell and withdrew his reserve bid.
3) The bid that temporarily topped yours was somehow entered in error by Kingswood.
Under the circumstances, I would not feel comfortable being the winning bidder, without a suitable explanation from Kingswood. They have always been very friendly and helpful when I have spoken with them - I'd recommend that you call them to discuss your situation.
Mark
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Since your PM is not on, Ill post it.
Once I bidded on an item in the heritage sale, and recieved some additional info about the coin in question. At that Point I wish I had not bidded. I simply called them and ask to have my bid retracted, which they had no problem with. I have only done that once, and its been a year or so ago. I wouldnt recommend doing it often though, you may be not allowed to bid!!