Heritage Auctions questiom14189
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 I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| Ive never used this site before, but I recently signed on via PayPal account, last 20 seconds put in a bid and it appears i won. However no money has been deducted from PayPal and no further email aside from the confirmation of the bid was sent to me. Am i going to get another email? Does it come in a few minutes or days? Anybody have insights as to what happens next? Edit Nevermind. Apparently bidding continues on after you enter a bid and time was supposeed to have elapsed. The auction went for 3x what I thought my winning bid was.... |
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 You think I'm joking, I'm not.
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earthshaker01 private msg quote post Address this user | |
| In a few days you'll get an invoice | ||
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I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| Thank you for your response. I think I'll stick with ebay in the future. I don't understand how they continued to take bids after I submitted what I thought was winning bid. |
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 I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
| I've only won one item I've bid on from them. I wasn't happy about the additional credit card processing fee after I already paid an outrageous buyer's premium but I believe it took a couple days for them to send me an invoice. I don't believe it charges automatically and you have to pay the invoice once received. In response to your update. I think it goes to a live auction after the proxy bids. I was extremely confused the first time I bid there as well. I've wasted entirely too much time bidding on hundreds of items there to only win one so I agree you should stick to other venues. |
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| Post 4 • IP flag post | ||
 COLLECTOR
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dielinfinite private msg quote post Address this user | |
| Not sure what it was but the answer may lie in this wall of text that makes up their bidding tutorial. I wonder if it might be outside bids (phone, fax, etc) coming in or if they have some sort of measure built in to combat sniping |
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 I live in RI and Rhode Islanders eat chili with beans.
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esaravo private msg quote post Address this user | |
| @Bronte - After the "public" auction ends, there is "private" bidding for several minutes called Bid Live (HERITAGELive!) with an audio track calling out the bids. It's kind of fun to watch the prices blow up during this time, as long as it's for an item you aren't interested in. | ||
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 Collector
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pkpickard private msg quote post Address this user | |
| Heritage goes to a "Live" auction format where they cycle through every single book in that particular auction (it takes hours) and allows people to jump in with last second bids and cut (half) bids, just like an in-person live auction would run. If you want something on there, you can set a flag on the auction to text you ~10 minutes before the live session comes up, and then you have to deal with everyone else who piles on at the last second. For really popular stuff, it can generate outrageous results (I watched an Iron Man #1 CGC 9.4 go for $7200 with buyers premium there two months ago, so the seller still walked away with $5100 - way better than you'd do on Ebay even today.) But there are also some deals - ungraded, less popular multi book lots sometimes go for substantial discounts over Overstreet, which in most cases understates the current market. ComicLink is more like Ebay - if you have a winning bid at the end of the auction, you win. There are occasionally deals even on their "exchange" (non-auction format) as well. My two cents. |
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I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| @esaravo That must have been what happened. Because there was no extended bidding notice in the item I was bidding on and I was clearly the winner according to confirmation email. (At least for that brief moment in time) |
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I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| @pkpickard Yeah. Sour grapes on my part for not understanding the way it works. I've been programmed to think only in ebay terms. Never thought there could be other formats and systems. |
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Collector
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PixelPanda144 private msg quote post Address this user | |
Quote:Originally Posted by Bronte Was this the live auction though? I always wait until the live auction to bid because otherwise you’re just driving up the price ahead of time. The other thing to know in the live auction is that it’s not eBay-style where you can snipe. Every time someone bids it extends the auction by 5 seconds so the bidding will go on until you’ve decided the price is too high and you bail... |
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I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| @PixelPanda144 No idea. I wasn't expecting the format to be the way it was so I didn't look further. I prefer the ebay way. But I do understand how this way would generate greater revenue if you are a seller. I think I need to stick with ebay and sniping tools..... |
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 Have I told you about the time I dropped off 3,000 comics at SDCC?
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Scifinator private msg quote post Address this user | |
| @Bronte - A lot auction houses like Hakes & Heritage have clock resets of 3 min, 15 min after a bid comes in so as to negate the impact of last second sniping. Once you are declared the winner, assuming not reserve, you would get an invoice a few days later for you to authorize payment. | ||
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 Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| I’ve seen final prices from Heritage that are so far above everything else that it makes me suspicious. We know that every auction format wants to have the highest prices. We know that they have shill bidders. If an item doesn’t meet the minimum with real bidders I wouldn’t be surprised if shill bidders just step in and drive up the excitement by bidding it up to a fake selling price. | ||
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I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| @Scifinator Yeah. Apparently the ghetto auction style of ebay is a one off. =( Oh well, it's money I didn't need to be spending anyway.... @EbayMafia I read that shill bidding is actually in the terms and conditions and that they readily admit to it. |
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 Secret Moderator
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MatterEaterLad private msg quote post Address this user | |
Quote:Originally Posted by Bronte Heritage is wildly successful with an air of skullduggery. I rarely buy there. |
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 past performance is no guarantee of future actions.
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KatKomics private msg quote post Address this user | |
| If there is something I really want I'll wait for the live auction, otherwise I just place a reasonable bid just before the live event starts and see what happens. I try to take into account the crazy fees and once in a while I get things for what I think is ok! I do like that they will hold items (for months and months) so I can win other things and at least save a bit on combined shipping! |
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You think I'm joking, I'm not.
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earthshaker01 private msg quote post Address this user | |
| I only wait till live auction. Why show your hand to other bidders, until necessary. | ||
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Collector
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PixelPanda144 private msg quote post Address this user | |
Quote:Originally Posted by Bronte While anything is possible I am personally doubtful that the third largest auction house in the world would be shill bidding minor lots. They make so much money on 20% buyers premium and other fees on such high dollar items why risk your reputation if it ever got out that you were shill bidding on things someone could find on eBay? When I saw your post though I Googled it and I did find something mentioning how Heritage employees can bid on items, etc. but keep in mind it's only shill bidding if they win and then don't pay. If an employee thinks the item is worth more and wants to bid they just need to be prepared to pay for the item if they win. As long as the seller gets paid it's a legit bid isn't it? A few years ago, when I bid on Heritage for the first time, and won, I didn't fully understand their practices. I had won a CGC comic that sold so cheaply that it apparently didn't meet the minimum BP. So between the minimum BP, the high shipping, and the sales tax (this was before eBay charged tax), the final bill was double what I could have bought the book for on eBay. I complained and after some back and forth they let me out of my purchase obligation, but they made it clear that this was a one-time exception because it was a small item and I was a new client. Let me be clear. If you or I try to shill bid with Heritage we will be banned permanently. And I don't recall 100% but I'm pretty sure I had to give them my bank account info, etc. in order to bid in the live auction so this isn't like eBay where you can come up with a new screen name and make a new account... When I think of Heritage I mostly think of items like this one that you'll never find on eBay (but that I also can't afford) - https://comics.ha.com/itm/golden-age-1938-1955-/action-comics-1-ashcan-dc-1937-cgc-nm-92-cream-to-off-white-pages/a/7242-91022.s?ic4=GalleryView-Thumbnail-071515 |
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Secret Moderator
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MatterEaterLad private msg quote post Address this user | |
| Remember a few years ago there was an unscrupulous grading agency that was giving inflated grades to collectibles and then selling them through a 3rd party? PGX? No, that was the co-owner of Heritage. Okay, PGX is rumored to have done it too, but the co-owner of Heritage created a coin grading agency that was actually shut down by the FTC. He's also co-owner of CGC. That glaring conflict-of-interest and track record of fraud is why I'm always leery of Heritage. |
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Secret Moderator
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MatterEaterLad private msg quote post Address this user | |
| delete | ||
| Post 20 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
Quote:Originally Posted by PixelPanda144 If only the world worked that way. I know, it probably seems intuitive to you and I that people who have success don't need to put themselves at risk finding more ways to manufacture it. Ironically, the most successful people are in constant competition with each other and are the most likely to be constantly and desperately seeking out new ways to manufacture more success. I just think it's really important to these auction houses to have a perception of high selling prices. And they've made it clear that if something is going cheap, their employees can step in. And once that door is opened, there is no saying what other arrangements could be made between Employees/Auction house/seller. |
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Collector
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PixelPanda144 private msg quote post Address this user | |
Quote:Originally Posted by MatterEaterLad I wasn't aware of this, thanks for bringing it to my attention. I don't know if this is what you were referring to but I just found this 2004 Forbes article and a response by Jim Halperin - https://www.ha.com/c/ref/halperin.zx?type=https%3A%2F%2Fen.wikipedia.org%2F TBH I have difficulty trusting anyone 100% - I've been around too many years to not be a bit jaded (growing up on the streets of NYC in the '70s and '80s doesn't help...) and I'm always looking to save $ so if I can buy cheaper on eBay (or EVEN BETTER an LCS!) I'm all for it. I've only been buying from Heritage for a couple of years, and only from time to time because the BP often kills the value for me. So I have let many items go, but I've won a few here and there, and all in all I'm happy with the purchases I've made and the prices I paid (but geez what a great deal it would have been if the BP was only 10%...) LLAP |
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| Post 22 • IP flag post | ||
 I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| Bidding/buying with Heritage is a pain in the ass. Did it once. Never again. | ||
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Secret Moderator
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MatterEaterLad private msg quote post Address this user | |
Quote:Originally Posted by PixelPanda144 Oddly, I sold Halperin a comic last year on eBay. Was so weird to print out the label and see his name and Heritage as the address. He's still a mega-collector so I guess that makes sense. As long as he's not doing what he did with coins. I can't imagine he would these days since Heritage is a force on its own merit. Sort of like the mob in Vegas. At some point they were making so much $$$ legitimately they didn't need to rig the games. |
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