LCA - Jun 2015

[jaggy 528]

That seals it then, Jag! They seem reasonably up front on the proxy system!

Congrats on the wins!

Certainly seems to be my experience. In the time I have been bidding - and winning - at LCA, I have quite often come in below my max.

[jacinbox 36]

I got four out of my five lots - all sixpences:

2688 - 1855 5 over 3 - UNC - £70 under my max

2691 - 1857 - longer line under six pence - UNC or near so - at my max

2694 - 1859 9 over 8 - GEF - £140 under my max

2709 - 1871 - No die No. - EF - £60 under my max.

I failed to get 2698 - 1963 sixpence. I bid £650 and it went for £850. Second time I have failed on an 1863

That seals it then, Jag! They seem reasonably up front on the proxy system!

Congrats on the wins!

Or they are taking note of feedback received. I was in the hall and was surprised to find a lot of bidding this time around as opposed to lots opening just shy of the low estimate, which generally used to be the norm at LCA.

[jaggy 528]

Or they are taking note of feedback received. I was in the hall and was surprised to find a lot of bidding this time around as opposed to lots opening just shy of the low estimate, which generally used to be the norm at LCA.

Not my experience. I have quite often been below my max in the past several years.

[Sword 1,473]

Won two lots this time. Both under my max bids by £10 and £20.

[just.me 23]

I won 4 of the 9 lots I bid on, 3 were at my max bid and the 4th was £40 lower than my max.

my max on another lot was the same as the hammer price, I didn't win it so I guess floor bids must take precedence or maybe just the way the bidding worked out?

[Sword 1,473]

I won 4 of the 9 lots I bid on, 3 were at my max bid and the 4th was £40 lower than my max.

my max on another lot was the same as the hammer price, I didn't win it so I guess floor bids must take precedence or maybe just the way the bidding worked out?

One possibility is that the auction house has received another commission bid of the same amount as yours. In this situation, the bid received first has priority.

[Rob 3,152]

Or they are taking note of feedback received. I was in the hall and was surprised to find a lot of bidding this time around as opposed to lots opening just shy of the low estimate, which generally used to be the norm at LCA.

Not my experience. I have quite often been below my max in the past several years.

I concur.

[jacinbox 36]

Or they are taking note of feedback received. I was in the hall and was surprised to find a lot of bidding this time around as opposed to lots opening just shy of the low estimate, which generally used to be the norm at LCA.

Not my experience. I have quite often been below my max in the past several years.

In that case I will have to change my point of view. Perhaps I have been very unlucky with proxy bids for a long time with LCA.

Thanks for letting me know.