Mud-club
Chat & Social => The Bar - General Chat => Topic started by: Merlin on May 15, 2005, 21:33:40
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We were at the LRO show at Driffield today & there was a very nice "K" 1992 3.9efi auto in the auction, lot 19 for anyone who was there. I opened the bidding at £500 & things progressed up to £1950 & I won the motor.
Then saw the handler & gave my Debit card in for a deposit of £200, she said they would contact the vendor to make sure all was OK. Not having been to an auction before I just presumed this was normal. 20 mins. later I asked her what was happening & she said " the vendor has a reserve of £3000 on it & did I want to increase my bid".
At no time during the bidding was there any mention of a reserve & as far as I was conserned I had BOUGHT the motor.
I got my card back & left in a high state of temper & will be writing to them tomorrow to vent my feelings about the way they do buisness.
What is the point of putting a motor into an auction, letting it sell & only 20 mins. later bring a reserve into the sale. Grrrrrrr--Cogs :cry: :cry:
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Sounds like the auctioneer dropped one. He should have said at the end of bidding that he couldn't let it go.
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in my eyes the auctioneer should have said there was a reserve on the vehicle before the auction has started on that item.
if he didn't and the auctioneer said the word "sold" there has been a verbal contract agreement between you and the auction company on that item where commission will later be added or could be added.
i say yes the vehicle should be yours at the bidding amount, but i'm no soliciter! and may be wrong
typical muppets i would definetly contact them, even if its just an ear bashing. :twisted: :twisted:
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ask for the tape of the auction as they should have taped it to record all bids etc . All auctions they i have worked at doing the pa systems have them incase some one says different to what was bid ?