London Coins Auction 2nd-3rd June

[Chingford 166]

Well apparently all over now, but I've not heard a single solitary thing. Don;t know how many bids there were for anything, how much was bid, whether my bids were successful or otherwise, or even where to find the results.

Anybody else heard anything ?

Left 2 bids and got an acknowledgement back. Not heard any results yet.

Results have just gone online

[1949threepence 3,367]

Well apparently all over now, but I've not heard a single solitary thing. Don;t know how many bids there were for anything, how much was bid, whether my bids were successful or otherwise, or even where to find the results.

Anybody else heard anything ?

Left 2 bids and got an acknowledgement back. Not heard any results yet.

Results have just gone online

Just checked them. Was outbid on both the ones I was interested in. But never informed, nor could I find anywhere in which the superior bids were posted.

Dunno, maybe it's me being a bit dense, but I'm not sure I could have made a higher bid without actually knowing I'd been outbid in the first place

[azda 979]

They only inform the winning bidders Mile, and that would come in the bill form. If they had to inform every underbidder to it would take them a month of sundays to complete the task.

[1949threepence 3,367]

They only inform the winning bidders Mile, and that would come in the bill form. If they had to inform every underbidder to it would take them a month of sundays to complete the task.

Oh, after the auction is over, I wouldn't disagree with that. But my point is that had I known whilst the auction was still on, that I'd been outbid, I might have made a higher bid. But there was no information relating to that, as far as I can tell. You would have thought that they would have posted the latest highest bid on the auction site. But no, nothing.

[1949threepence 3,367]

This was the e mail I received from London Coins on 10th May:-

Dear Client ,

We are pleased to announce that the catalogue for our next auction on Saturday 2^nd/ Sunday 3^rd June 2012 is now online at http://www.londoncoins.co.uk/index.php?page=Catalogue

If you still see the old catalogue press Ctrl and F5 to hard refresh the page.

We can accept bids by e-mail : bids@londoncoins.co.uk, snail mail to 4-6 Upper Street South, New Ash Green, Kent DA3 8JJ, phone 01474 871464 or fax 01474 872173.

As part of our continuing program of quality improvement, it is our policy regardless of the method of communication used (post, email, fax or phone) to return to each bidder a list of the bids we have entered into our system. We believe this will produce several benefits and prevent several potential problems. We can receive up to 10,000 individual bids prior to each sale, they are input twice, the second time by a different operative by way of verification, but we believe it may still be useful for bidders to receive feedback of what bids from them we have input.

This new service will allow each bidder to verify we have processed the bids correctly, and also, in the rare event of post or electronic communication going astray, the absence of a returned notification could indicate that the bids have not been input and may not have been received by us.

if within 5 working days from receipt of your bids you have received no notification, we strongly recommend you contact us to query the safe receipt of the bids.

IMPORTANT Our office closes at 10 am GMT on the Saturday before the sale as all our staff move to the The Grange Hotel. Bids received after this time are likely NOT to be entered.

Full details can be found on our website.

Viewing may be available by appointment at our New Ash Green offices please contact 01474 871464 to make an appointment.

All the single lots will be on view at the at Midland Coin Fair at the National Motor Cycle Museum at the M42 A45 Junction near Birmingham Airport on Sunday 13^th May as well as at the Cedar Court Wakefield Coin Show on Sunday 27^th of May . All other lots may be available on request at these shows please contact us.

Regards

The London Coins Team

The bit I've put in italics didn't happen, unless they are referring to post auction, in which case they failed to make that bit clear.

[azda 979]

Well i have to say Mike, i've never heard of any auction house doing that before. Obviously trying to encourage a bidding war before they go to the floor

[Nick 329]

The bit I've put in italics didn't happen, unless they are referring to post auction, in which case they failed to make that bit clear.

The bit in italics just means that they send you a list of your bids that they have entered, so that you can check that no mistakes have been made. Proxy bids are confidential, so they are not allowed to let you know that you are not the highest bidder.

[1949threepence 3,367]

Well i have to say Mike, i've never heard of any auction house doing that before. Obviously trying to encourage a bidding war before they go to the floor

The bit in italics just means that they send you a list of your bids that they have entered, so that you can check that no mistakes have been made. Proxy bids are confidential, so they are not allowed to let you know that you are not the highest bidder.

Yep, my mistake. I was thinking of the James Workman penny and other wholly on line auctions, in which bidders were informed of higher bids during the progress of the auction. Obviously not possible where there is actual bidding on the floor of the auction house.

As you were chaps. Excuse my thick moment

[Peter 615]

Well i have to say Mike, i've never heard of any auction house doing that before. Obviously trying to encourage a bidding war before they go to the floor

The bit in italics just means that they send you a list of your bids that they have entered, so that you can check that no mistakes have been made. Proxy bids are confidential, so they are not allowed to let you know that you are not the highest bidder.

Yep, my mistake. I was thinking of the James Workman penny and other wholly on line auctions, in which bidders were informed of higher bids during the progress of the auction. Obviously not possible where there is actual bidding on the floor of the auction house.

As you were chaps. Excuse my thick moment

Ah the CC auction method.A Dutch auction.