- Report: #703813
Report - Rebuttal - Arbitrate
Complaint Review: Liquidation.com
Liquidation.comInternet United States of America
Liquidation.com Scan seal bid auction , Internet
*Consumer Comment: They are double dipping!!
*Consumer Comment: SELLER BEWARE-LIQUIDATION.COM
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Thank you for contacting Liquidation.com,Your bid may be too low and therefore not accepted. Please keep in mind the following terms of a sealed bid:
During a sealed bid sale, each bidder submits an irrevocable bid without knowledge of the bids submitted by other bidders. When the auction closed, all bids are opened simultaneously, and only the highest bid is accepted, ***as long as it meets the conditions of sale established by the seller.*** The winning bidder will be notified immediately thereafter (during normal business hours).
These criteria can be found in the "Summary and Descriptions" tab within the auction, by clicking on the question mark by the Auction Type. Unfortunately, your bids did not meet the conditions established by the seller.
In the future for Sealed Bids, it might be prudent to enter the maximum (or near maximum) amount you are willing to pay for the item(s) within the auction/lot. Since a bid of $100 or thereabouts is generally not enough to satisfy the conditions of sale for auctions that are high-value.
So I went back and checked as they said and under that particular auciton it did not state the seller had a right to refuse bids. I even printed out time stamped screen dumps incase they tried to change the listing or anything.
So, apparently they do not feel the need to honor their own rules, yet will be more than happy to stick you with the 15 percent if you fall out of the contract. I would suggest you not bid on sealed bid auctions as you have no real waying of knowing the true value of the item. And it's a waste of time because apparently they are reserve autions without telling people it is or what the reserve is.
And after looking at a few hundred auctions, I might agree with some of the other reports about shill bidding on certain products. Such as anything made by apple, or xbox 360, or playstation 3. It seems these auctions consistantly get bid up way above what a reasonable person would normally pay for salvage. And it seems this weekend it was the same bidders who managed never to actually win.
This report was posted on Ripoff Report on 03/07/2011 01:42 PM and is a permanent record located here: http://www.ripoffreport.com/r/Liquidationcom/internet/Liquidationcom-Scan-seal-bid-auction-Internet-703813. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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