Auction: Hawkins Enchinata colony (must pickup in Surrey or Rosedale on the 19th) - Page 2

Myka · #4 12-21-2015, 04:51 PM

Quote:

Originally Posted by whatcaneyedo

6) When two members make an identical "winning" bid on the same minute, the auction will remain open for these two bidders only for a bidding war - until a winning bid is achieved. At this time, if a bidder fails to post a bid increase within 24 hours, that bidder is considered resigned from the auction.

So do we do that as both Albert and Spitfire had identical bids at 7:59 or does it go to Albert who bid 145 at 8:00pm? Could someone with authority rule on this?

Sorry I'm late to the party - was traveling.

To clarify the rule, the bidding was open only to Albert and Spitfire as of 8:00 since they both made identical winning bids at 7:59 pm (the last minute of the auction). Albert made a bid of $145 and Spitfire failed to bid again within 24 hours.

Albert gave up his win to Spitfire, but the seller can hold Albert responsible for his $145 winning bid. It's up to the seller how he'd like to handle it which it appears he's already done.

WarDog · #5 12-21-2015, 05:26 PM

Although the rules are quite clear, Albert and Spitfire are pretty much the same person, so the point is moot. Lol.

Myka · #6 12-21-2015, 05:30 PM

Warren,

Quote:

Originally Posted by Myka

To clarify the rule,

Sent from my SM-G870W using Tapatalk

albert_dao · #7 12-22-2015, 03:49 AM

Umm, dare I suggest, due to it not being expressively detailed in the rules, that we would be subject to normal online auction etiquette? ie. xx:59 seconds is the last possible valid time to count bids with xx:00 being the close of the auction? Because if we are, I see no debate here. And if that is not the case, well that's just a big can of worms, isn't it

Myka · #8 01-09-2016, 02:45 AM

Quote:

Originally Posted by albert_dao

Umm, dare I suggest, due to it not being expressively detailed in the rules, that we would be subject to normal online auction etiquette? ie. xx:59 seconds is the last possible valid time to count bids with xx:00 being the close of the auction? Because if we are, I see no debate here. And if that is not the case, well that's just a big can of worms, isn't it

Sorry Albert, I didn't notice your comment. I can't see "seconds", can you somehow? That's the reasoning behind the "last man standing" rule when bids are made in the last minute.

dcw1sfu · #9 01-09-2016, 04:29 AM

There are other Facebook auction groups that add a stipulation in that each bid will add some additional time to the end time clock in a way that can create a bidding war at the end of an auction that mat go past the actual end time.

Example: Auction ends at 21:00. Person A bids at 20:59 this gives an aditional bid window of 3 mins for another bid to be placed (up until 21:02) Person B now bids higher at 2101 thus giving another 3 min window for someone to outbid (21:04)

It's a suggestion if it makes sense and adds a little excitement at the end of a auction. And good for both seller and buyer in the end.

albert_dao · #10 01-09-2016, 05:20 AM

Quote:

Originally Posted by Myka

Sorry Albert, I didn't notice your comment. I can't see "seconds", can you somehow? That's the reasoning behind the "last man standing" rule when bids are made in the last minute.

I can't, however, by process of elimination, it would seem that xx:59 would qualify as a bid made under xx:00 with the the bids being noted sequentially as posted. Not trying to be cheeky here.