Bl--dy Auctions

[Merlin]

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  

[muddyweb]

Sounds like the auctioneer dropped one.  He should have said at the end of bidding that he couldn't let it go.

[driftwood]

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:

[simdeb]

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 ?