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Mods, you can kill this post if it reaches the "active auctions" threshold, however, the prices are globally insane, so not many of us could afford them to begin with....
Almost as insane as actually doing business with Poulins (I got burned... :( )....

But here's the craziest thing I've seen in a while; from the estate of Bob Faris:

http://poulinantiques.hibid.com/lot/30589107/extremely-rare-thornycroft-trials/?cpage=18&ref=catalog

The other, actual Enfields, begin just over halfway down and have some rare stuff from Bob Faris' collection:

http://poulinantiques.hibid.com/catalog/97349/04-17-april-premier-firearms-auction/?cpage=18

Again, apologies if it's a violation, remove it if so, just thought some might like a look at some rifles we might never see otherwise ...

Cheers,

82ndpara
 

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The things that show up during the (self inflicted this time) lean times.
 

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Edgy, yes but one of the provision of the auction house should give anyone pause.

" 6. AUCTION STAFF MAY BID COMPETITIVELY ON ITEMS OFFERED FOR THEIR OWN PURPOSES. Occasionally an item may carry a conservative reserve. Therefore the auctioneer retains the right to bid on behalf of the owner. We will tell you if an item carries a reserve should you inquire. "

What else is this called?
 

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Edgy, yes but one of the provision of the auction house should give anyone pause.

" 6. AUCTION STAFF MAY BID COMPETITIVELY ON ITEMS OFFERED FOR THEIR OWN PURPOSES. Occasionally an item may carry a conservative reserve. Therefore the auctioneer retains the right to bid on behalf of the owner. We will tell you if an item carries a reserve should you inquire. "

What else is this called?
Ghost bidding is a common tool used by auction houses to help move bidding along to push closer to the reserve, this should not continue passed the reserve though
 

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I actually should call it Vendor bidding & not ghost bidding, kind of two different things
Have seen it here too... IIRC it was called vendor bid, they could place one bid only at a time where bidding stalls.... not sure if it was only up to the reserve or not...
 

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This happens at cattle auctions quite often. No reserves, so occasionally the auctioneer gets landed with the last bid. Looks like a dickhead, but just takes it in his stride and starts the bidding again. Should be a law against it, but it seems to continue.
 

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I had it all explained to me by someone in the art world, which is a higher value version of the gun collector world.

One would think the legitimate way to do this would be to start the auction at the reserve price. Then the seller is protected and anything he or she get beyond that is gravy.

But on high end items human psychology works differently. For a lot of items folks will not even put in a bid if the item is close to its actual value, but they will allow themselves to be bid up far beyond the average price. How is that?

Lets say you vaguely want a No 1 Mk V. You know they can go from 600 up to a 1000 dollars or more. Too much money you think to yourself. Now you have a mix of Enfields, but nothing that is in the high value range. You see a No 1 MK V on a 2 week auction with 3 days left and see if it's only going for 350...hmmmm...might be a deal, better take a look at it to see why no one is bidding. You notice it has the "A-broad arrow-F" marking and figure out that is an Australian marking. Now you are intrigued as if fills 2 slots. it would really fit in your collection. It has a mismatched bolt, maybe that is why it is going cheap, you could get this. if you can get if for 500 or even 550 it would be a deal, might even get it for 450. Yeah, that's the ticket. enter a bid of 425, that way you can go an extra 25 bucks and still get a great deal.

3 days later you end up with it or at least help to bid up the price north of 900 over twice what you thought it might go for. How did that happen? Well at one point in the research/bid process you mentally put it into your collection. Without knowing it a sense of possession occurred and when other forks started to bid against you in the last hour or so (when most serious bidding occurs), you were mentally defending what you thought was already yours. Apparently good auctioneers can read that look on a persons face and will look at the folks when the call other bids. That reinforces the feeling apparently. The last two to duke it out, in the end they are not fighting so much to get the item but to fighting to defend their possession from another interloper.

This technique requires a person who in not all that interested to become interested because of some kind of bait....such as a cheap price. So instead of starting the price at a reasonable reserve the sellers start at a ridiculously low one and then use a shill to bid it up, hoping to hook some unwary bidders along the way. The shill is a part of this. Using human psychology to separate a buyer from their money.

Not all sellers do this and I have known a gun dealer who found a 2 week auction starting at a penny generally gave him a price he was happy with, as long as he did not put it up during certain known "slow periods". So very often it occurs without a shill, especially on low to mid range items, where more folks have a reasonable chance to consider buying.
 
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