ANR Auctions and "Live Bidding" Question

Comments

• neocirrhitus Posts: 196 ✭

  November 23, 2005 11:46PM

  Lee,
  I bought a coin from one of ANR's last auctions, did the same thing you did. Placed a bid early and then watched the live action, and was able to place another bid when my original bid was beaten, live. The only drawback is the live stuff moves pretty quick, so you have to be right on top of it. Hope this helps, and good luck !

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• photog Posts: 242 ✭✭

  November 23, 2005 11:52PM

  Good morning! The good news is that I am bored this Thanksgiving and happened to pop in here to see if anyone needed ANR assistance!
  
  You may bid on-line right until the lot closes live, on the floor. So you can go enter a bid now or you can enter it three minutes before it opens. When the sale actually begins in Baltimore you will see a link enabled that says "participate in live bidding" (if you are logged in) or a link that says "watch live bidding" if you are not logged in. You click on the link and it brings up a new window which automatically refreshes as the sale progresses.
  
  Our best advice is to enter a realistic proxy bid before the sale. You don't want to rely 100% on internet bidding- if you have a computer problem, forget, get distracted, or we have a computer problem, you'll miss your chance. So get in at least one good bid if you really want something. Then when the sale goes live open up your bidding window and be ready to place more bids. It moves VERY QUICKLY and you have as much time on the computer to enter a number and submit it as someone on the floor has to wave their card at the next increment- they have a bit of an advantage in that respect. BUT we have something called "insta bid" which automatically enters the next bidding increment for you, not unlike sitting on the floor and using a bidder card. You can also straight bid- which say the coin is moving upwards and it's currently at $1500 and you say heck with it, I want that coin, you enter $2100 as a straight bid and the computer will JUMP the bidding on the floor and the computer to your bid of $2100. People rarely use the straight bid.
  
  The best strategy is really to use proxy bids in advance of the auction, as our computer will bid on your behalf up to that amount and use insta bid during the live sale. If you don't have a high speed internet connection it would be next to impossible to keep up with the speed of a live auction.
  
  If you have any other questions please feel free to contact us at the office.
  
  Good luck, happy bidding!
  
  Jenna
  ANR

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• DorkGirl Posts: 9,994 ✭✭✭

  November 23, 2005 11:58PM

  You can put in your high bid early and see if it will hold up, or you can bid live, and I'll bet you can do both. The live bidding goes very quickly. There is a button to bid the next high increment up on the coin, which can be scary, since everyone else may be doing the same thing, or you can enter bid amounts, but as fast as the bidding goes, that's a loser unless you bid very strong.
  
  I've won coins both ways. The early bid sold to me at $25 less than my high bid. The live bidding is much more fun, but you can't always be there.

  Becky

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• Coinosaurus Posts: 9,645 ✭✭✭✭✭

  November 24, 2005 1:21AM

  
  
  << <i>Good morning! The good news is that I am bored this Thanksgiving and happened to pop in here to see if anyone needed ANR assistance! >>
  
  
  
  Wow, coin service on Thanskgiving - you may be setting a dangerous precedent here

  Newman Numismatic Portal, www.NewmanPortal.org

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• LeeG Posts: 12,162 ✭

  November 24, 2005 11:29AM

  Thanks All! See you there

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