Bidding Rules

[Jongleur 10]

If a seller agrees to close an auction at a specific amount and

this amount is then exceeded by another bidder is the seller

obliged to close the auction?

The auction opened today and is advertised as closing on 25

March. Do I continue bidding in case the seller cannot close?

Edited March 17, 2012 by Jongleur

[lilythepink 10]

I think a seller is morally bound to close the auction at the agreed closing price but legally I am not sure? It is not difficult to close an auction as agreed, at the price agreed!

[JohnBenn 10]

Also legally.It's a small verbal contract,and in this case you have it in writing.

The seller should have closed the auction as soon as he/she agreed.

[Jongleur 10]

Hi Lily , John

 

The auction is still open and in fairness when I was on 2500 odd i saw

the question for the first time. I then stopped bidding but someone else

bid higher than the agreed closing price. The question had also been asked

much earlier.

In any event it must be very difficult to close an auction at the agreed price

with hectic bidding going on.

The same bidder has now put in a higher bid than last night. I feel for the bidders

plight but if the auction is still open then I want to bid. Wat Nou?

[lilythepink 10]

If you want the item badly enough and are prepared to pay more, then bid! And best of luck to you.

[Jongleur 10]

If you want the item badly enough and are prepared to pay more, then bid! And best of luck to you.

 

I feel uneasy if the auction becomes iffy. I still think all auctions should simply run their course until closing time.

[JohnBenn 10]

Do you have a link?

[Jongleur 10]

Do you have a link?

 

Don`t know how to post it.

It is a 1959 crown.

[JohnBenn 10]

OK

 

(Next to the smily is a world globe,you use that.....if in future you have to.)

[ChuckyD 10]

The offer in question was a offer I made on a 1959 crown. When I made the offer there was now bids listed on the item. The seller accepted my offer and agreed to close after placing my bid. Other bids where placed between the acceptance of the offer and the time the seller wanted to close the auction. In my opinion if a seller agrees to close at a certain price that seller should honour his decision. The seller was under no presure to accept the offer.

 

Furthermore, I just want to thank bon len for the manner in which he handled the situation. You propably wanted the coin just as much as I did but honoured the deal between me and the seller and placed your needs behind that of mine. You are an example to all of us and I applaud you for that & want to thank you again.

The seller closed the auction at R50 more than I offered so no real loss. I hope you have a wonderfull evening and hope to return the favour in the future. Regards

[mellowred 10]

Congrats BonLen, a true gentleman, and nice of you to publically mention this ChuckyD.

[Jongleur 10]

The offer in question was a offer I made on a 1959 crown. When I made the offer there was now bids listed on the item. The seller accepted my offer and agreed to close after placing my bid. Other bids where placed between the acceptance of the offer and the time the seller wanted to close the auction. In my opinion if a seller agrees to close at a certain price that seller should honour his decision. The seller was under no presure to accept the offer.

 

Furthermore, I just want to thank bon len for the manner in which he handled the situation. You propably wanted the coin just as much as I did but honoured the deal between me and the seller and placed your needs behind that of mine. You are an example to all of us and I applaud you for that & want to thank you again.

The seller closed the auction at R50 more than I offered so no real loss. I hope you have a wonderfull evening and hope to return the favour in the future. Regards

 

Hi ChuckyD

 

Thank you for the compliments. It was indeed a difficult situation for you and the seller. I am pleased

that the outcome was not exacerbated by any ill - feeling. I asked the question on the forum without

drawing attention to the actual auction. The response expelled any doubts I had.

 

An elusive coin but I know there will be others.

 

All the best to you as well.

 

Regards

 

Len

Edited March 18, 2012 by Jongleur
spelling

[Jongleur 10]

Congrats BonLen, a true gentleman, and nice of you to publically mention this ChuckyD.

 

Thank you Mellow. Very gracious of you.

[Jongleur 10]

OK

 

(Next to the smily is a world globe,you use that.....if in future you have to.)

 

What do you do then - i.e. what do you type in the 'URL" space ?

[JohnBenn 10]

Bon If you got to the item,above in your search engine bar you should see the Url.Just copy that, come back here and paste it into the box.

 

like so.

Silver Coins - SAU silver 1959 crown scarce - some toning for sale in Cape Town (ID:60363813)

[Jongleur 10]

Bon If you got to the item,above in your search engine bar you should see the Url.Just copy that, come back here and paste it into the box.

 

like so.

Silver Coins - SAU silver 1959 crown scarce - some toning for sale in Cape Town (ID:60363813)

 

How do I go to the auction from here and then come back again?

[JohnBenn 10]

Do you use firefox?You can always just open a new window(so you have one here and one to go to the auction).Or just go to the auction,copy the code,and then came back to the forum.Easiest way will be the first.

[Jongleur 10]

Do you use firefox?You can always just open a new window(so you have one here and one to go to the auction).Or just go to the auction,copy the code,and then came back to the forum.Easiest way will be the first.

 

Sniggering snakes. At last. Thank you JB.

 

Silver Coins - SAU silver 1959 crown scarce - some toning for sale in Cape Town (ID:60363813)

[mellowred 10]

Now that made your day hey Bon Len :smile:.

[Jongleur 10]

Now that made your day hey Bon Len :smile:.

 

Hi Mellow

 

And how. Especially since I did`nt have to ask my kids. I invariably get told how dof I am with computers.

Also my fault for not putting in some brainpower. Ms Plod also tried to show me but I found out today from

John how it works in Firefox because in Outlook I kept on making a hash of it and getting lost all over the place.

 

As for the kids - report cards tomorrow. We are fortunate that they both do very well but I have great fun asking

a whole lot of questions about an A- and heaven forbid if a B should make an appearance. Then we see who is dof!

[mellowred 10]

I've been using computers for 30 years Bon Len ... I am that old and the first PCs came out when I was in my late teens. So I should know my way around a computer pretty well, having evolved with them. I remember the first day I was given a PC with a mouse; it took me a frustrating couple of days to realise I HAD to use it .... LOL.

 

So I find it emabarrasing when 9 year olds can teach me a thing or two ... don't feel alone.

[Jongleur 10]

I've been using computers for 30 years Bon Len ... I am that old and the first PCs came out when I was in my late teens. So I should know my way around a computer pretty well, having evolved with them. I remember the first day I was given a PC with a mouse; it took me a frustrating couple of days to realise I HAD to use it .... LOL.

 

So I find it emabarrasing when 9 year olds can teach me a thing or two ... don't feel alone.

 

My daughter once had the temerity to ask me why I did`nt listen in computer classes at school.

I think they call it the 12 going on 30 syndrome.

[MsPlod 10]

Sniggering snakes. At last. Thank you JB.

 

Silver Coins - SAU silver 1959 crown scarce - some toning for sale in Cape Town (ID:60363813)

Yay!!!! Thrilled it has come together - these things take practice... Way to go good len! Thanks too JB!