|
#752860
Fri Aug 07 2020 08:04 PM
|
Joined: Sep 2007
Posts: 19,470 Likes: 1022
Veteran Member
|
OP
Veteran Member
Joined: Sep 2007
Posts: 19,470 Likes: 1022 |
Last edited by advertologist; Fri Aug 07 2020 08:19 PM.
RANDY
|
|
|
Please - NO offers to Buy or Sell in this forum category
Statements such as, "I'm thinking about selling this." are considered an offer to sell.
|
|
|
Joined: May 2012
Posts: 1,871 Likes: 48
Veteran Member
|
Veteran Member
Joined: May 2012
Posts: 1,871 Likes: 48 |
Seen a lot of this, especially on Facebook auctions. That’s why I longer view that format. Way too political for me. Thank God for old gas!
Have gas all the time
|
1 member likes this:
RetroPetro |
|
|
|
Joined: Oct 2008
Posts: 2,786 Likes: 165
Veteran Member
|
Veteran Member
Joined: Oct 2008
Posts: 2,786 Likes: 165 |
|
|
|
|
Joined: Apr 2009
Posts: 126 Likes: 2
Petro Enthusiast
|
Petro Enthusiast
Joined: Apr 2009
Posts: 126 Likes: 2 |
It always pays to pay attention. Auction companies do this alot .face book too. Generally all items have a reserve unless its advertised absolute auction. In some states you can lose your license for breaking this rule.but every single Facebook seller can be a auctioneer without any qualifications at all. If you want a filling station sign i have one id part with for a price without the games.
|
|
|
|
Joined: Apr 2012
Posts: 365 Likes: 15
Petro Enthusiast
|
Petro Enthusiast
Joined: Apr 2012
Posts: 365 Likes: 15 |
|
|
|
|
Joined: Jun 2013
Posts: 9
Member
|
Member
Joined: Jun 2013
Posts: 9 |
I think its called shill bidding for the auction house. when they finally get the price they want they will sell it. In the meantime the auction house keeps buying it back. Use to be a auctioneer in Kansas that did that, cant remember his name but he sold the same things over and over. Glad he's no longer around. Claude.
|
|
|
|
Joined: Oct 2011
Posts: 1,029 Likes: 28
Veteran Member
|
Veteran Member
Joined: Oct 2011
Posts: 1,029 Likes: 28 |
Great detective work and also so unfortunate to see. I recently bought a sign from one of their auctions and see them all over Facebook. They consistently self promote themselves as the good guys. But their have been others who have accused them of some shady business deals. Now this is proof
|
|
|
|
Joined: Apr 2009
Posts: 126 Likes: 2
Petro Enthusiast
|
Petro Enthusiast
Joined: Apr 2009
Posts: 126 Likes: 2 |
It would be simpler to disclose reserve to high bidder only and let top bidder the choice to buy it at reserve price. My problem is alot off auction company act and advertise a absolute sale meaning sells to high bidder and owners and auction staff are forbidden by law in most states to bid ... i have been high bidder on a lot of items and real estate when the sellers didnt bother giving me the buy it price. Hard to bid on something when you have to bid against yourself. Or b. s. shilling like the car auctions
|
|
|
|
Joined: Feb 2020
Posts: 6 Likes: 2
Member
|
Member
Joined: Feb 2020
Posts: 6 Likes: 2 |
The auction house may only own a portion of what's being sold, maybe nothing. Could the auction house be charging a friend a small flat fee to run the sign through the auction until the sign sells for what the individual wants? Maybe it's only a slight difference from what's already been said, but the auction house isn't really bidding on it's own sign to make the selling price higher or inflate the market.
|
|
|
|
Joined: Jan 2016
Posts: 100
Petro Enthusiast
|
Petro Enthusiast
Joined: Jan 2016
Posts: 100 |
Actually if you look at some of the T&C's such as those auctions/companies on ProxyBid.com, you will find the fine print stating by some that they allow themselves to bid against you. Each state depending on where the auction house resides governs what they can and can't do along with the platform's rules as an example of ProxyBid. Example that I ran across:
Terry Tramp
I'm interested in Deep Rock and Kerr McGee items especially if they are marked B.A. Tramp Oil
|
|
|
|
|
|