I "attended" a retirement auction last fall that offered online bidding. Item was 2 states away. They did offer pre-sale bidding for up to two weeks prior to sale. Current high bid was posted, so you had a feel for the bottom. In this case, when I got started, which was day of sale, high pre-auction bid was $1,500 for an item that eventually sold for $7500. I bid $4,500 and was bumped to high bid of $1,600. When the live auction started, they blew past me within seconds......which was OK.
Because there was a limited number of high dollar items (only 20 or 30 vs 1,000), they went slow enough you could live bid. You had to move fast, but had the opportunity to do so. That one seemed fair enough.
This one also accepted bids prior to the item selling, except when I entered a bid, there was no indication of what else was out there. No "current bid". Eventually, to get a feel for what was going on, I did enter $1 on an item that eventually sold for $600. A notice did pop up for that that said "a higher bid" existed. So perhaps some version of that was in place. But otherwise, you were flying blind.
So one method seemed very fair......the other......not so much.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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