posted on July 6, 2003 10:37:58 AM
I was looking at some jewelry at ebay's live auction. They close in 20 seconds and then reopen a few minutes later on the same thing. I have seen the same diamond earrings show up and get a bid and close to reopen a few minutes later.
posted on July 6, 2003 10:55:08 AM
I can't help you out.. Sorry
I had a question about them also
I would like to know, if the bid opens on ebay at $50.00, how can they open the bid at $20.00 at the "live" auction. Some of the items went for lower bids then the starting bid on ebay.It did not make sense to me, but what do I know ??
Another question is the 15%-17% fee they charge on top of the winning bid amount. How do they get away with that, as I have never seen that at a real live auction ??
posted on July 6, 2003 03:47:17 PM
"Another question is the 15%-17% fee they charge on top of the winning bid amount. How do they get away with that, as I have never seen that at a real live auction ??"
Here in New England the live auctioneers charge a 10 to 15% buyer's premium - over and above the winning bid amount.
Of course us bidders take that into account when we bid,but the auctioneers and consigneor probably are too stupid to realize that.
posted on July 7, 2003 10:21:13 AM
I am bumping this up. I really dont know that much about their live auctions except for what I saw yesterday. I admit, In the heat of the moment I bid on 3 items via proxy bid. Auction hasnt started yet.. Shouldnt have done that. Really can't afford it. Oh well. Hopefully someone will outbid me. Stupid stupid stupid Cant resist sparklies
