John Manship Auction Results 18-12-2013

[Chalky]

John does it the right way really, go to sotherby's and it is until just one bidder left.

[Samplat]

Come on Marc. There were a lot of the Cautions turned up in the big find. I've had three, and Manship has been slipping them out ever since, all mint. It's certainly not a rare record anymore.

I had five of the cautions of which four were mint. I would say £600 max

[Guest gordon russell]

John does it the right way really, go to sotherby's and it is until just one bidder left.

A proper auction......goes until theres one bidder left.....thats how john should do it......not a time limit  then keep going

[Guest]

Professionals is an awesome record, but that rare yellow vinyl copy does not look nice to me! 

 

Much rather have a normal black vinyl copy!

Edited December 20, 2013 by Guest

[Barry]

Professionals is an awesome record, but that rare yellow vinyl copy looks horrible to me! 

 

Much rather have a normal black vinyl copy!

 

I wouldn't bang the Mona Lisa but there you go 

[Premium Stuff]

A proper auction......goes until theres one bidder left.....thats how john should do it......not a time limit  then keep going

 

To be honest, I think the way the auction works is fairly clear and transparent, especially if you watch it happening live. It's all explained on John's site too.

 

What happens at 6pm is that the bids close on all items if there is only one person still in, with no competing bidder. So the bid standing at 6pm, if there is no competition, is the last and winning bid and all such items close. All very clear.

 

I think the bit not everybody gets, is that when there is more than one bidder still in at the end, the auction then becomes a virtual auction-room on-line.

 

If somebody bids on an item in the last two minutes running up to 6pm, the system then knows there is more than one person bidding and opens an extra two-minute window for competing bids to be placed. The bidders all know this and it gives everyone some time for reflection before placing a higher bid.

 

If the previous high bidder then comes back, or if someone else places a bid, a further two minute window is opened. The bidding goes on between the remaining two or more competing bidders until there is a final winner.

 

Got to say that the virtual live auction on John's website pretty much matches Chalky's description of Sotheby's auctions.

 

Sure, this is not how it happens on eBay, but it is how it happens in auction houses all over the world. What's more, everyone can see what is happening, so it's very transparent.

 

I think the live conclusion is actually a really clever and exciting part of the auctions, especially when there are items up there like the gold Professionals, Sandy Golden and Frank Wilson     

 

Cheers

 

Richard

Edited December 20, 2013 by Premium Stuff

[Ted Massey]

 

To be honest, I think the way the auction works is fairly clear and transparent, especially if you watch it happening live. It's all explained on John's site too.

 

What happens at 6pm is that the bids close on all items if there is only one person still in, with no competing bidder. So the bid standing at 6pm, if there is no competition, is the last and winning bid and all such items close. All very clear.

 

I think the bit not everybody gets, is that when there is more than one bidder still in at the end, the auction then becomes a virtual auction-room on-line.

 

If somebody bids on an item in the last two minutes running up to 6pm, the system then knows there is more than one person bidding and opens an extra two-minute window for competing bids to be placed. The bidders all know this and it gives everyone some time for reflection before placing a higher bid.

 

If the previous high bidder then comes back, or if someone else places a bid, a further two minute window is opened. The bidding goes on between the remaining two or more competing bidders until there is a final winner.

 

Got to say that the virtual live auction on John's sire pretty much matches Chalky's description of Sotheby's auctions.

 

Sure, this is not how it happens on eBay, but it is how it happens in auction houses all over the world. What's more, everyone can see what is happening, so it's very transparent.

 

I think the live conclusion is actually a really clever and exciting part of the auctions, especially when there are items up there like the gold Professionals, Sandy Golden and Frank Wilson     

 

Cheers

 

Richard

 

I wonder does the winning bid have to be topped to keep the auction going

[Premium Stuff]

I wonder does the winning bid have to be topped to keep the auction going

 

Yes Ted, when there is only one person left - whether before 6pm or after 6pm (during the virtual live auction) the auction finishes.

 

Just like on Bargain Hunt 

 

Cheers

 

Richard

[Tezza]

But how do you know when no one else is gonna bid.  Someone might bid whilst you are out at work or shopping, come back and its closed !! Have to put a time limit, no other way unless its a live Auction. 

Perhaps state that an Auction will start at 6:00 and keep going until no one has bid for 10 mins ??

[Bo Diddley]

I wonder does the winning bid have to be topped to keep the auction going

Ted, I don't think the winning bid has to be topped to extend the time. I think that the new bid, even if it doesn't exceed the leaders max, triggers the extended "thinking time". This means that someone who has not bid enough has chance to re-think and bid more. Hence, the "auction fever" has time to take hold!

I like the JM auctions as it means you are not subject to "snipes". Also, I don't think there is an easy "bid retraction". You either just dump in your max bid any time before (Days or weeks) like with ebay and let things take there course, or get involved at the end.

 

Ebay with the "snipes" in effect becomes a "sealed bids" type effort.

 

Kev Bod.

Edited December 20, 2013 by bo diddley

[Ted Massey]

Ted, I don't think the winning bid has to be topped to extend the time. I think that the new bid, even if it doesn't exceed the leaders max, triggers the extended "thinking time". This means that someone who has not bid enough has chance to re-think and bid more. Hence, the "auction fever" has time to take hold!

I like the JM auctions as it means you are not subject to "snipes". Also, I don't think there is an easy "bid retraction". You either just dump in your max bid any time before (Days or weeks) like with ebay and let things take there course, or get involved at the end.

 

Ebay with the "snipes" in effect becomes a "sealed bids" type effort.

 

Kev Bod.

I thought that's how it works not fair me thinks

[Quinvy]

Not fair for whom? I think there's only one winner don't you?