Complaint Review: Auctiontime.com Online Auctions -
Auctiontime.com Online Auctions Advertise "No Reserve! Yet, when you "Bid" your "Automatically Outbid"
*Consumer Suggestion: Auctiontime bidding misunderstood
*General Comment: Hidden Reserve on AuctionTime
When you "Bid" on Trucks or Equipment of ANY KIND, you put in a Proxity Bid at 1 week Prior to the Auction! Well, Auction Time Advertises they have "No Hidden Reserve" Meaning "No Minimum Price for Any Particular Piece of Equipment!
Yet, when you place a Bid, your Automatically "Outbid" For Vehicles, during the Actual Auctions themselves! "Bid Encrements" are in $100 Amounts! Everybody knows, when you ever "Bid on Something" at Auction, You ALWAYS Bid, "The LEAST AMOUNT"! Not the MAXIMUM AMOUNT" IF U Bid "The Maximum Amount you are "Willing to Pay", this then, is simply another way of having a "Hidden Reserve"!!
Because, when there's ONLY 3 or 4 Bidders (Less or More, just depending on, IF There IS Or IS NOT a "Bidding War" for something!) There's No Way, someone CAN BE "Outbid" Automatically!!! Unless, there is a Minimum Amount the "Seller" or "Auction House" "WANTS TO GET" for the Equipment, available!
Whatever THAT Equipment is; Construction Equipment, Trucks, Cars, SUV's, Etc. Now, I've seen this MOSTLY WITH Their "Heavy Truck Auctions"! The ONLY WAY a Person can become "High Bidder" seems to be, ONLY when you "Proxy Bid" a week in Advance!
I went to my 1st Auction when I was 7 years old an bought a "Cow Trought" for $5.00. For Watering Cows! I'm 50 an been going to "In Person" an "Online" Auctions, on/off ever since!!! That's 43 Years worth of "Auction Experience"!! So yes, THAT's A Ton of Experience with these things!
I've Never, until "Auction Time Online" EVER Dealt with "Bidding" or Auctions That "CLAIMED" THEY DID NOT HAVE ANY "HIDDEN RESERVE" THEN AUTOMATICALLY "OUTBID" A "BIDDER", IF THEY "FELT", A "BID" WAS TO LOW, FOR THE "SUPPOSED" "VALUE" OF THAT "AUCTION ITEM"!!!
THIS IS THE "VERY ESSENCE" OF A "HIDDEN RESERVE"! PERIOD!!! BECAUSE A "RESERVE" IS A MINIMUM AMOUNT THE AUCTION WILL "ACCEPT" FOR AN AUCTION ITEM (NOT JUST TRUCKS OR OTHER HEAVY EQUIPMENT, BUT ANYTHING BEING AUCTIONED!) WELL, THAT'S EXACTLY WHAT Auctiontime.com is doing! "Claiming" they have "No Hidden Reserves", Telling people, there's a "Bid Increment" of whatever, ($100, $50, $25) for people to Bid. But yet, If People's Bids are "Less Than" what auctiontime.com, "Feels" an item is worth!
Those people's Bids are AUTOMATICALLY OUTBID, AS A MATTER OF COURSE/POLICY!!! THAT'S WRONG, IT'S DIRTY BUSINESS AND IT'S THE VERY DEFINITION OF A "HIDDEN RESERVE"! YET THEY ADVERTISE "NO HIDDEN RESERVES"!!! THAT'S WRONG AND BASED ON THE "TRUTH IN ADVERTISING LAWS, ILLEGAL !!!
This report was posted on Ripoff Report on 01/07/2020 07:31 AM and is a permanent record located here: https://www.ripoffreport.com/report/auctiontimedotcom-online/advertise-no-reserve-bid-1490066. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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