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Aug 5th, 2016
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Joined: Oct 2006
Posts: 1,544
Sidelock
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Sidelock
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Joined: Oct 2006
Posts: 1,544
Have a look at the Hot's website. They have introduced a new feature.

I have found in the past that clients get confused about the total cost of a gun when calculating commission, VAT, import VAT and whatever else may be pertinent.

Well, Holt's have introduced an automated solution. All you do is click on the lot you are interested in, the page comes up, you look at teh photos and read the description. Look to the lower bit of the page and you have two calculator options.

1 = Total Price Calculator
2 = Maximum Bid Calculator

With the first, you put in the bid you want to put on and it tells you how much you will actually have to pay.

The second option enables you to put down your maximum spend and it tells you what to bit up to.

Looks very simple and works nicely. Makes everything transparent, which has to be a good thing!.

Joined: Jan 2002
Posts: 1,046
Sidelock
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Sidelock
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Joined: Jan 2002
Posts: 1,046
Now that is a welcome feature that will be put to good use.


Good Shooting
T.C.
The Green Isle
Joined: Aug 2007
Posts: 104
Sidelock
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Sidelock
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Joined: Aug 2007
Posts: 104
I think this is a great new tool.
Now my question is, do others on the board have a feeling as to the integrity of the online bidding process of placing a maximum high bid. Is Holt's (and other auction houses) trustworthy to not bid up to the max online bids they are holding? I believe sites such as eBay protect this process but am unsure about the live gun auction houses. Does anyone have sufficient experience here to comment in this regard?

Joined: Mar 2011
Posts: 3,602
Likes: 38
GLS Offline
Sidelock
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Sidelock
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Joined: Mar 2011
Posts: 3,602
Likes: 38
I can't comment on the gun auction houses, but a friend who is a dealer in high dollar collectibles has advised me to have someone on the floor to place the bids and observe the bidding. Gil

Joined: Aug 2007
Posts: 232
Sidelock
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Sidelock
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Joined: Aug 2007
Posts: 232
I agree having someone bid in person is the way to go. I recently placed an online bid for a very fine Arrieta shotgun several days before the live auction. The gun sold for an amount equal to my max. bid but I didn't win it and was told I lost because there was a tie with a live bidder at the auction.


Nothing the government gives you is free.
Joined: Jan 2002
Posts: 5,916
Sidelock
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Sidelock
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Joined: Jan 2002
Posts: 5,916
I have had good success joining the auction by phone. For Bonhams and Holts I've never had any thought of an unfair process. Small Bore represents commission clients at auctions if you need a known representative on site - none better!

DDA


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