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 Do you bid online with a maximum?
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Starting Member

United Kingdom
1 Posts

Posted - Oct 08 2020 :  03:01:13  Show Profile  Reply with Quote
Do you trust auctioneers and their software enough to automatically outbid the competition up to a limit? I cannot bring myself to leave a secret maximum on their websites, suspicious of any auction staff who might have access to it and pose as a counterbidder. Would love to read your opinion on that.

Senior Member

863 Posts

Posted - Oct 12 2020 :  01:04:48  Show Profile  Reply with Quote
I know of a court case dealing with precisely that. But that was before specialized software companies and portals started taking over the bidding part from most auction houses. It remains a matter of confidence. You don’t know whom you are entrusting with your final bid. And one thing’s for sure: computers are not discrete; it all depends on the conscience of the guy behind their monitor.
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Junior Member

70 Posts

Posted - Nov 30 2020 :  21:33:43  Show Profile  Reply with Quote
I've done it before in the past and won one time with the maximum I left and another time a bit below it. I won't do it now. I don't trust auctions at all.
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Senior Member

700 Posts

Posted - Dec 15 2020 :  10:38:28  Show Profile  Reply with Quote
In the past when there was only left bids, it was rampant. Now with computer generated bidding, it is a more honest bidding community.
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