Chariman Auction Bids...confused (in General)
June 20 2008 11:52 PM EDT
# $606,375 bid by Central Bank (Mr. Chairman) on 6:07 PM EDT
# $600,000 (max bid: $600,000) bid by Suqataqus (Suqataqus) on 12:00 PM EDT
For a MenC. What confuses me is the past five sold for less than my bid, with no autobid from Central Bank. Why did it pick on my auction?
June 20 2008 11:57 PM EDT
That is interesting. Central Bank is tricky and wily but the MenC that SOLD just before only went for $392,755 .
Does Central Bank consider auction listing values even for items that don't sell?
The one listed for a BIN of 1 mil that didn't sell?
> Does Central Bank consider auction listing values even for items that don't sell?
of course not
June 21 2008 9:57 AM EDT
>of course not
you say that as if it was a CRAZY question but since we do not know for sure how he works (and I don't suppose we need to) questions are bound to come up when an item goes from selling at auction for under 400k to a CB bid of 600k on the next sold auction. I know people have griped about being out bid before but in this case Sugataqus bid just over 200k over what the last one sold for. Would have seemed like a safe bid to me too.
surely Central Bank has to consider a bid in the first place which is then standardised by the following sales.
Therefore CB's original valuation was higher and is being brought down gradually by the market.
or am i clutching at straws Jon?
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