EL REY on ongait.com

[shotgunner]

If you put in say 100k bid on a horse but the current bid is 60K it will mark you at 61K.  Now someone can see behind the scenes you have 100K bid as a max.  They can easily run there bids to 99K making your 100K bid live.

That’s not how it works at all. There isn’t even a max bid feature like on some regular auction sites.

[Brown jug]

ok
thank you

[dinkadoo]

Current Bid   $ 175,000

Auction closes at Noon Friday --- be interesting in the last 20 minutes potential bids he could get.

[Locked in with pace]

i predict RESERVE NOT MET

[dinkadoo]

i predict RESERVE NOT MET

Not sure what reserve is

Current Bid  $205,000

[JIDGE]

Not sure what reserve is

Current Bid  $205,000

Reserve is the minimum price the owner will take for the horse.  Meaning if someone meets the reserve price or exceeds it, the horse is sold to the new owner for the winning bid. If no one meets the reserve price the owner retains the horse.

[Miguel_Sanchez]

If it was on the up n up they would show you who is bidding by name.  When your at a live auction you can see who your bidding against most of the time.  If your at a live auction and ask to know who your bidding against and the auctioneer can't show you your likely bidding against the consignor.  This is why the major auction houses have to put an identifier by the bidder now so there are public records of bids.  eBay does the same thing. 

[JIDGE]

You have no idea who you're bidding against at a live horse auction (unless they're sitting next to you) and there's absolutely no way you can ask.

[Dingus]

If it was on the up n up they would show you who is bidding by name.  When your at a live auction you can see who your bidding against most of the time.  If your at a live auction and ask to know who your bidding against and the auctioneer can't show you your likely bidding against the consignor.  This is why the major auction houses have to put an identifier by the bidder now so there are public records of bids.  eBay does the same thing.

That rarely ever happens at a live auction.  You’d have to be standing next to the spotter to see who he is looking at.

[Stan durbread]

That rarely ever happens at a live auction.  You’d have to be standing next to the spotter to see who he is looking at.

You would still never know I was bidding. Unless you just happen to catch the first bid.

[SeattleSlew]

Current Bid:

$225,000

[Generation XYZ]

How many days left?

[Parked]

I wonder how much commission they charge on a horse like this ?  I bet it is a set fee.  It stirs up interest in the site. 

[Dingus]

I wonder how much commission they charge on a horse like this ?  I bet it is a set fee.  It stirs up interest in the site.

Normally, it’s $150 +4%, I believe.

[MIKE CAMPBELL]

Normally, it’s $150 +4%, I believe.

That whole hidden reserve is such bullshit. Just put up the minimum you will take for the horse and that is where the auction starts. Why go through all the bullshit and then you end up being the highest bidder but it wasn't high enough so you don't get the horse. A complete waste of time.