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How do you buy a Class M for $ 3900
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Raphael
- Victor IV
- Posts: 1553
- Joined: Sat Jul 14, 2012 9:44 am
- Location: Davie, FL
- Contact:
Re: How do you buy a Class M for $ 3900
Assuming the auctioneer was selling on consignment, and not the owner of the Class M, I have to feel sorry for the actual owner if a technical glitch caused the competing bids to fail to be registered. He trusted the auctioneer to realize a fair price and realized a pittance in return. Such is the hazard, among many, of auction consignments.
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Bruce
- Victor III
- Posts: 578
- Joined: Mon Jan 02, 2012 9:15 pm
- Location: Vancouver, Canada
Re: How do you buy a Class M for $ 3900
Thank you everyone who added to my understanding of what I purchased.
As a new member of this forum put it earlier, everyone here is great and positive in their comments and advice. It is a pleasure to be part of great bunch of enthusiasts with a common love for old mechanical record players and the music from a bygone day.
Bruce
As a new member of this forum put it earlier, everyone here is great and positive in their comments and advice. It is a pleasure to be part of great bunch of enthusiasts with a common love for old mechanical record players and the music from a bygone day.
Bruce
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FloridaClay
- Victor VI
- Posts: 3708
- Joined: Wed Jan 26, 2011 7:14 pm
- Location: Merritt Island, FL
Re: How do you buy a Class M for $ 3900
It would be interesting to know the full story. I wonder, for example, if the complaining bidder(s) might have been trying to snipe with last second bids on a site whose setup was not fast enough to allow for that, making their bids too late?raphael wrote:Assuming the auctioneer was selling on consignment, and not the owner of the Class M, I have to feel sorry for the actual owner if a technical glitch caused the competing bids to fail to be registered. He trusted the auctioneer to realize a fair price and realized a pittance in return. Such is the hazard, among many, of auction consignments.
Not throwing rocks, as I confess to sniping on eBay now and then, but it can be risky if you are on an unfamiliar auction site where you are not certain how fast it records bids--especially one half a world away.
Clay
Arthur W. J. G. Ord-Hume's Laws of Collecting
1. Space will expand to accommodate an infinite number of possessions, regardless of their size.
2. Shortage of finance, however dire, will never prevent the acquisition of a desired object, however improbable its cost.
1. Space will expand to accommodate an infinite number of possessions, regardless of their size.
2. Shortage of finance, however dire, will never prevent the acquisition of a desired object, however improbable its cost.
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Raphael
- Victor IV
- Posts: 1553
- Joined: Sat Jul 14, 2012 9:44 am
- Location: Davie, FL
- Contact:
Re: How do you buy a Class M for $ 3900
Bruce stated that it was a live, on-line auction. I don't think sniping is (or was) an issue.
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Bruce
- Victor III
- Posts: 578
- Joined: Mon Jan 02, 2012 9:15 pm
- Location: Vancouver, Canada
Re: How do you buy a Class M for $ 3900
Live Auctioneers is designed just like in house action bidding. As the price goes up the price changes on the screen with each bid and when you as an online bidder want to bid you click on the "bid" button. From there it is up to the magic of the internet and computer speed for your bid to be registered. As in house bidding the auctioneer waits for and tries to generate more bids - so I'm quite sure you can not snipe
Bidding on line opens up access to many auctions which those of us from afar can not participate in person but you have to be careful of shipping and taxes. I ended up adding 30 % to the cost of my new machine than if I was there to drive home with my prize.
Bruce
Bidding on line opens up access to many auctions which those of us from afar can not participate in person but you have to be careful of shipping and taxes. I ended up adding 30 % to the cost of my new machine than if I was there to drive home with my prize.
Bruce