Steffes Group | Selling Land and Equipment Since 1960
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Friends estate sale....new info
- Thread starter 4xforfun
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Steffes Group | Selling Land and Equipment Since 1960
Find farm equipment, transportation equipment, construction machinery, land & more at Steffes Group auctions! Search upcoming online & live auctions!
I’d just get myself in trouble!ronsatspokane
Gold $$ Contributor
I should know better. I had a dentist appointment that would still be going while the auction closed so I placed a bid on one of the guns at a price I knew would be a fair value after the auction fees, handling fees and shipping fees were added in. The bid was posted about 2 hours before close and was quite a bit higher than the current bid price. When I got out of the dentist after the auction had "supposedly" ended I checked and I was the winning bidder. When I got home brought up the website only to find that the auction had been extended for an additional hour and a half. And sure enough I'd been out bid. Won't be using Steffes again. I wonder why they even bother to set a closing date and time. Also wondering if Steffes is running some sort of scam. The item can still be bid on but I won't be taking the bait. I hope the auction house was bidding me up and they get stuck eating it.
Internet auctions suck. I've even seen stuff bought at live auctions by internet bidders. I asked the auctioneer about it and he said he hated it because 90% of the time they won't follow the rules and want to make unrealistic demands on shipping. He ends up stuck with stuff that would've sold to someone willing to pay and take possession on site. I suppose they do drive the prices up a lot.
Question.....was this one of those "sale ends 5 min after last bid" kind of deals? I know that there are some on-line sales that do that to counter the "snipers". I did not read the auction rules, so I don't know.
It was an "extended bidding" sale. Auction closes x min after last bid. Not uncommon. Gun Broker has a 15 min rule.
You guys jumping all over the auction company ought to do a little research before you opine.
Just sayin,
Tod
Last edited:
I couldn't find any info on shipping. So unless you want to take a road trip to pick it up I'd hold off.
If someone bids during the "going, going, gone...."...the bidding continues.
ronsatspokane
Gold $$ Contributor
The auction was advertised as closing at 6 PM Central time. 5 minutes after that I was the winning bidder. 30 minutes later when I arrived home the auction had been extended for an hour and a half. In looking at the individual items, fully three quarters of them appear to have been extended. There was no information I saw about some kind of "soft" close. Perhaps it was there but if it was, it was buried in the fine print. The items that did close on time appeared to be items that got bid up above their value. The items that did not close on time I would call a good deal. That is of course subjective but my research is complete. I did not bite and I will not participate again. I'll wait until the item gets dumped at a loss or the auction company eats the item. Been there before in auctions. Suddenly someone could not pay up so the item is available again. The auction house ends up eating it. When they have offered it to me again, I low ball them. The value of the item has dropped significantly in my view. Homey don't play that game when homey can't verify that he was not bidding against someone at the auction house or a third party employeed to drive the price up.
Homey don't play that game when homey can't verify that he was not bidding against someone at the auction house or a third party employeed to drive the price up.
I have to agree.
I have to agree.
ronsatspokane
Gold $$ Contributor
I've never bid on Gunbroker. Never bought anything from that site. Taken with a grain of salt it is a good place to see what is available though.
Radar
Silver $$ Contributor
No one is out to get you and it's not that hard to under stand. Almost all online auctions work the same way. 6PM is the time the auction started to close,so the first 2 or 3 lots closed at 6PM so if you are bidding on lot 350 it closed much later,like 8:30-9PM. If someone bids with 3 minutes or less time left it will be extended and this will go on till someone stops bidding. If you looked at the lots every one has a close time listed as minutes or hours after 6PM so they are very easy to track and you don't have to sit there waiting for 2 hours if you wanted to buy/bid on lot #365.
ronsatspokane
Gold $$ Contributor
No one got me. As I said, homey don't play that game. Some people get emotionally attached to an item and will follow it to the top. If I'm bidding, I know what the item is worth and what it is worth to me. Won't go past that so the auctioneer can call "going" till the wee hours of the morning for all I care. That said, lack of transparency in some auctions adds an element of the unknown to the bidding process. With this particular auction it the pattern seemed a bit suspect but the auction company did well for the owners. I would hire them for an auction myself but I won't be bidding in their auctions.
Trophied
Gold $$ Contributor
The only bidding my wife or I have done was at an auction gallery sale with some firearms and they had two NICE 28 gauge Remington 870's that I liked and she made note of that. She bid $550 on the first one which was exceptional, and I cut her off and the only higher bid than hers won it. She bid the next one up to $500 and won that one. Who wouldn't keep a woman like that! When it came home with me I took it down and it had the original grease inside along with two circlips on trigger group pins missing - apparently missed in production, so I ordered some and an extra barrel with RemChoke threads and still have it and it still appears unused even though I did fire it. Great find. I don't do online auctions for the simple reason that they seem, how should I put it, not quite on the up and up sometimes.
Gun Broker has a "15 Minute Rule" on all auctions (Fixed Price and Buy It Now excluded of course). I don't know if the other firearms auction sites do the same.
15 Minute Rule
GB Help
Updated 21 minutes ago
Last Updated 2/23/2019
All of our auctions use the 15 Minute Rule. If a user places a bid within 15 minutes of the scheduled end date/time, the auction automatically switches into a special mode analogous to the "going, going, gone" of a live listing. In this mode, the listing is automatically extended until no bids have been placed within 15 minutes. When 15 minutes have passed with no bidding activity, the listing ends.
The purpose for the 15 Minute Rule is to prevent sniping and offer all users the opportunity to bid. The 15 Minute Rule allows all bidders an equal opportunity to place their best bid, and the seller can be assured he/she will receive maximum value for the item.
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