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OT-Auction Ethics


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Posted by Formerly PaMike on December 25, 2009 at 16:15:21 from (24.152.202.123):

There were 2 auctions I wanted to attend last weekend, so I decided to put in absentee bids in at one auction. I met the auctioneer a week early and looked over the items. I put bids on 6 lots, for a total of about $2400.00. I knew the $2400.00 was very competative and figured I would get at least 4 of the lots and maybe all of them. Auctioneer called and said got all 6 for $1900 total. Fine, meet up with the auctioneer a few days after the sale, paid the auctioneer and start loading up. Start talking to another guy loading up. I asked him if he saw my lots sell. He said he did. He said the auctioneer grouped all the items together with a starting bid of $1900.00. No one else bid, so he knocked them off and moved on. I was a little irritated. One one hand I got the items for less than the max, but on the other hand dont you think he oughta let a live floor bidder set the starting minimum bid instead of starting at a high bid since he knew I was good for it? I wonder what the "proper" auction method is for dealing with a situation like that.


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