RIAC 11-13 July 2014 Auction

[ithacaartist]

Rich, I think it may have been another pre-bidder, as they are referred to as "on site". So I think it was placed before your bid. When I was looking at the results for a gun I won, it said "on site" and I feared someone on the floor had been awarded the win, at my bid level. But it was my bid, after all.

I bid at the RIAC site, which saves the Proxibid cut taken from a winner's hide.

[sheepherder]

Originally Posted by ithacaartist

Rich, I think it may have been another pre-bidder, as they are referred to as "on site".

Here's the pertinent part of the FAQ -

A absentee bid is placed on a lot for $1000. Live bidders and other absentee bids at the auction bid the lot up to $900. At that point, we advance the bid on the sealed bidder’s behalf to $950. If there is no raise, the sealed bidder wins the lot for $950. However, the auctioneer asks for $1000 and if a competing live bidder bids $1000, we of course will take the bid. Looking at the sealed bid in this case, the sealed bidder told us not to spend more than $1000. We are not authorized to go to $1100 for the absentee bidder, so the live bidder is the successful buyer at the $1000 bid point exactly the same as the sealed bidder.

The 'live bidder' gets it even though my/your absentee bid was received earlier, and it's for the same amount. The 'live bidder' doesn't have to beat your bid, just match it. As long as your Plus 1 or 2 has already been used.

It can be very confusing, and potentially loses RIAC money, as I would have bid on another auction if I hadn't thought I won the first one (two day auction, that was). The notice email that I had NOT won wasn't received for a couple days, IIRC. I was eagerly awaiting my "You Won!" notification and passed up a couple buys on GB/AA while waiting.

Now it no longer matters. If I do win on RIAC I'll CC it, and if not, no biggie.

Noteworthy that it's 17 1/2% if by CC and only 15% if by check/cash.

[lew1]

Originally Posted by sheepherder

Noteworthy that it's 17 1/2% if by CC and only 15% if by check/cash.

Someone has to pay the credit card fee and it is not going to be the auction company. It would not be fair to cut into their profit margin.

[sheepherder]

Just a reminder - get your bids in now!

I put in two bids; one on a Luger <gasp!> and one on a S&W!!!

Outbid me and make me cry!!!

[sheepherder]

July 12, 2014

None of your bids were successful on items auctioned today. If you have bids in the remainder of the auction, you will be notified again.

We sincerely thank you for participating and helping us have a successful auction!

If you would like to see the prices realized for this auction, it will be posted on our website in the days following the auction.

Thank you again for your interest and participation,

Rock Island Auction Company

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