05/11/2017
Share this story Share on Facebook icon Share on Twitter icon Share on Pinterest icon Share on Google Plus icon Share on Linked In icon Share via Email icon

Flaw exposed in Saleroom auctions

47dd8eba-ec8c-47df-af87-eaecffa38bb4

As auction houses seek to widen their reach and collectors take advantage of being able to search for and bid on militaria without ever visiting the saleroom, a serious shortcoming has been found in www.the-saleroom.com.

During a sale, the auctioneer can take bids from the room, by phone and live via the internet if it is hosted on online platforms like Saleroom. If there is a bid from the room and an external source at the same time, the auctioneer will default to the room bid, giving the external bidder an opportunity to then beat it. The problem comes from a service offered on the-saleroom.com of maximum bidding.

On a purely online auction, like eBay, where there are two identical maximum bids, the system defaults to whoever posted their original bid first. At the-saleroom.com the problem is that the maximum bid is not passed on to the auction house when it is received or at any point. Instead it is used as an automatic bidding service when in live play.

This means that an online user can make a maximum bid a month before the auction starts yet, on the day of the auction, their bids arrive at the same time as those in the room and if they are the same, the room bidder takes the lot. Clearly, as the online bidder put in their bid a month earlier, it’s entirely unfair. As such, readers are advised not to use the maximum bidding option when bidding online with the-saleroom.com, but instead monitor the live auction so that they have the chance to increase their bid if necessary.

Catch up on militaria news, order a back issue of The Armourer, or pick up the latest issue, in either print or digital format. Like what you see? Why not take out a subscription, save money and have it delivered to your door.

Back to News & Articles

05/11/2017 Share this story   Share on Facebook icon Share on Twitter icon Share on Pinterest icon Share on Google Plus icon Share on Linked In icon Share via Email icon

Recent Updates

Victorian VC up for auction

The VC, and other medals, of a heart throb of Victorian times is expected to fetch up to £250,000 when they ...


100 YEARS OF THE RAF 1918-2018

A 132-page an exclusive collector’s magazine celebrating the people, planes and places that made the RAF what ...


Last Dambuster gets MBE

Following a vociferous public campaign, back by figures such as Carol Vordeman, the last surviving British ...


Napoleon’s death mask at auction

A historic, early plaster, death mask, bearing an inscription by Sir Hudson Lowe, who was governor of Saint ...


Other Articles

Rescued British sporting antiques

Lockyer rescues antique shotgun and turns it into work of art. ...


November competition winners

Here's the results of the November competition in The Armourer. Were you a winner? ...


Imperial War Museums announces 2018 programme

The IWM has unveiled a major season of programming at IWM London and IWM North to mark the end of the World ...


Nazi atomic facility discovered

The heavy water cellar at the Hydrogen Production Factory in Norway, that the Nazis were using to try to ...