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Question About Heritage Auction

April 24 2009 at 2:55 PM
  (Login PaulPaulPaul)

I didn't want this question to get lost in the other Heritage thread. I hope it's ok that I've started a new one.

I was watching one lot very closely last night (the Tip Top Dreyfuss). It closed last night at $5500 plus the buyer's premium. I would swear on a stack of bibles that I saw it listed as closed. This morning, I checked the website again to see how much the Hartford CDV closed for because it was still active when I went to sleep last night. When I pulled up my bid/watch list, I saw that the Dreyfuss I was watching was now listed at $7500 plus the buyer's premium.

How is this possible? Did anyone else notice this? Or did I just completely misread the auction last night. None of this matters to me, except for getting a sense of the value of this card. Thanks.

 
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(Premier Login leonl)
Forum Owner

I think we can get an explanation

April 24 2009, 3:01 PM 

I also thought (key word here is "thought") I saw some lots closed at a certain price and then today they were a different, higher realized price. Maybe there was a place where there was a "closed to normal bidding" price and then a final price?

 
 


(Premier Login leonl)
Forum Owner

response from Heritage

April 26 2009, 10:09 AM 

I was told that once the initial bidding was closed, if you had not bid on a lot, then the lot showed closed. That makes sense as the lots I was bidding on were still open and the others were closed, fairly early into overtime. So the lots were really open, and in extended bidding, but only showed open to folks who had bid on them. That is the reason that so many lots went up after they looked like they were closed. regards

 
 

(Login barrysloate)

Re: Question About Heritage Auction

April 26 2009, 11:39 AM 

That sounds like pretty sophisticated software to be able to do that, and I think it's a good idea.

 
 

(Login e107collector)

Heritage

April 26 2009, 11:50 AM 

Could someone post the final prices of the Cracker Jack Joe Jackson cards that ended in the Heritage auction? I'm not registered with their company, so the website doesn't show me that info. One was graded a PSA 6.5, and the other was an SGC 92. I'd appreciate it.

Thanks,
Tony

 
 

(Login KennyCole)

Re: Question About Heritage Auction

April 26 2009, 12:19 PM 

Well, that explanation might make sense but I'm not sure it is right. I had bid on the Dreyfuss. When I went to bid again during extended bidding, it showed closed to me with a hammer price of $5,500. Unless I am missing something, since I had previously bid on the Dreyfuss, I assume that it should have still been open to me. I would have bid higher than either the real or pretend closing price of the lot, so shutting me out probably cost them some money.

Kenny Cole

 
 

(Login NoFieldFive)

Re: Question About Heritage Auction

April 26 2009, 12:54 PM 

sometimes heritage has live floor bidding and phone bidding after the internet auctions are closed. maybe this was the case?

 
 


(Login jvb6034)

Re: Question About Heritage Auction

April 26 2009, 1:47 PM 

Kenny,

When you were viewing the lot, and it said "closed", is it possible that you weren't logged in to Heritage, but just viewing it? If their software is as complicated as it sounds, it wouldn't know you had bid previously unless you were logged in.

 
 

(Login PaulPaulPaul)

Re: Question About Heritage Auction

April 26 2009, 2:34 PM 

I don't think the explanation makes sense. I had bid on every lot I was watching. One lot (the Hartford CDV) showed that it was still active. All the rest, including the Dreyfuss, were listed as closed.

 
 

(Login nsaddict)

Re: Question About Heritage Auction

April 26 2009, 3:02 PM 

Tony,

To answer your question--(bp included)


SGC 92 Jackson 41.8K

PSA 6.5 Jackson 15.5K

 
 

JK
(Login jkrasner2)

Re: Question About Heritage Auction

April 26 2009, 3:30 PM 

I have no idea about the tip top lot in particular, but, in order to see a lot as open in the extended bidding, you must (1) have placed a bid and (2) be logged in. Im also unsure, but suspect that if you dont have any activity after a certain amount of time, the software automatically logs you out.

 
 

(Login KennyCole)

Re: Question About Heritage Auction

April 26 2009, 4:58 PM 

I placed a bid on the Dreyfuss a few days before the last day of the auction. I then logged on at 10:32 for the extended bidding. The Dreyfuss lot showed that it was closed as of that time. That's all I know.

Kenny Cole

 
 

David McDonald
(Login DavidMcDonald)

Heritage

April 26 2009, 5:25 PM 

On the plus side they had some absolutely great stuff. On the minus side the cluttered and confusing bid pages and that useless liquid pixel imaging were discouraging, and the Live Auction action, at least from where I'm sitting, was a crock. I was the penultimate bidder on the autographed Mathewson photo. I had put in a placemark bid during the pre-Live Auction bidding so was qualified to bid on Friday. I placed a substantial proxy bid prior to the opening of the Live Auction. When it was exceeded I placed another bid, or so I thought, by hitting the big red "Bid" button. The next thing I knew the lot was closed for bidding. My bid didn't register! I was logged on, no question. Somewhere in Heritage's fine print it says that there might be "latent software delays" or words to that effect. Why bother having live on-line bidding in the first place if the software is hit-and-miss? As it was the consignor lost out on at least $2500 and maybe a lot more.

 
 


(Login calvindog)

Re: Question About Heritage Auction

April 26 2009, 5:37 PM 

David, I agree completely. Heritage has great stuff but their website is a joke no matter how many 'awards' it supposedly wins (and who gives out awards to auction web sites?). I've actually thought I'd won an item in past auctions only to find out later that another bid topped mine -- without any explanation. What I find incredible in our hobby is the arrogance that certain auction houses have when it comes to their customers. Heritage must constantly get complaints about its ridiculous site and yet never bothers to make it simpler. And Heritage is hardly the only auction house that ignores the desires of its lifeblood, its bidders.

 
 

(Login sox1903wschamp)

Re: Question About Heritage Auction

April 26 2009, 6:15 PM 

I agree 100% with above posters Jeff and David. I won't go into the details but most of the reasons stated above are why this auction house is the only auction house I am not registered with. And they do have nice stuff, just not my bids.

 
 


(Login E93)

Re: Question About Heritage Auction

April 26 2009, 6:20 PM 

I agree, their website and auction interface needs a complete overhaul. It has been such a pain to me that I have been reluctant to bid in the past.
jimB

 
 


(Login jvb6034)

Re: Question About Heritage Auction

April 26 2009, 6:53 PM 

I'll have to take your word for it that they have nice stuff. I find their web pages so busy and difficult to navigate that I haven't bid with them in almost 2 years. I just don't have the patience to go through it all.

 
 


(Login wolfie51sb)

Re: Question About Heritage Auction

April 26 2009, 9:07 PM 

I'm glad to read that it's not just me who finds Heritage's Web site annoying to use, to the point that I'm not registered with them because I do not think it's worth the trouble. And this comes from a person who works on updating content on Web sites for a living, so it's not like I'm not at least a bit Web savvy. I suppose someday they'll have an item that I just can't ignore, but up to this point, that hasn't happened.

I look forward to the day they overhaul that train wreck of a site.

 
 

chiprop
(Login chiprop)

Re: Question About Heritage Auction

April 26 2009, 9:15 PM 

I bid on a lot 2 years ago and it was a similar situation. When the time goes below 1 minute, I think the only other person that can bid is the previous bidder. I think that's why it shows "closed", but not sure. Heritage is a terrible site, but not as bad as Weiss or Hunt. I think they leave a ton of money on the table by not using the traditional aution software. I would never consign to an auction site that I couldn't use myself.

 
 

JK
(Login jkrasner2)

Re: Question About Heritage Auction

April 27 2009, 9:42 AM 

Hunt has the absolute worst website out there. No doubt Heritage needs some work as well. Personally, however, I have bid in Heritage auctions and have gotten some pretty good deals - obviously having all you other guys not bidding has been helpful happy.gif

 
 
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