Discuss our on-site auctions and other slot machine auctions.
aristomatic
Posts: 878
Joined: Thu Sep 10, 2009 8:13 pm

Re: Elephant House Auctions

Postby aristomatic » Mon Oct 24, 2016 5:54 pm

It could be that the seller at the Elephant House didn't sell it at the Elephant House so took it back home and listed the same item on ebay at a later date?

Just an option?

User avatar
pennymachines
Site Admin
Posts: 5188
Joined: Wed Nov 06, 2002 12:12 am
Location: The Black Country

Re: Elephant House Auctions

Postby pennymachines » Mon Oct 24, 2016 6:34 pm

13rebel wrote:Somewhat oddly, when you open the results page on the EH site there are a number of missing lots, yet clicking on Mr PM's link includes them.
That's because the results I posted were based upon what appeared to be hammer prices in the room. It's often hard to detect when something doesn't actually reach reserve. Auction houses often obscure no-sales because it creates a better buzz in the room if everything appears to be selling - particularly when some appears to be going cheap. 17 items I recorded as sales fell into that category. Reserves were too high or bidders too stingy, or both (depending upon how you look at it). I've revised the list.

No-sales are unrecorded in the EH published results, but are apparent if you compare missing lots against the original catalogue. For the record, lot 153 appeared to reach £480, but bear in mind that the final bid on any item which doesn't make reserve may be "taken off the wall", so the last real bid on this item was probably £460.

User avatar
badpenny
Forum Moderator
Posts: 6435
Joined: Thu May 05, 2005 12:41 pm
Location: East Midlands

Re: Elephant House Auctions

Postby badpenny » Mon Oct 24, 2016 7:22 pm

Which is why The Coventry Auction states at the time if a lot fails to reach reserve.
Bidders are then invited to approach the auctioneer later if they have a change of heart.
Alternatively, after consulting with the vendor about the reserve we have re-offered such lots at the very end.
This works quite well and appears to give everybody a fairer chance as well as being transparent. :cool:

raj
Posts: 613
Joined: Tue Apr 29, 2008 7:19 am

Re: Elephant House Auctions

Postby raj » Mon Oct 24, 2016 8:25 pm

Apparently sold lots that somehow disappear, only to be re offered later is often down to a practise known as selling to the chandelier. It is common in small auctions when the seller and the auctioneer are known to each other, or the seller is the auctioneer. It is used to bump up the price of items, either to suck in a mug to believe he is getting in on a good deal, or to create a 'value' that can be bandied about when pricing goods. Vintage car auctions and number plate sites are very prone to this practise, and the mug buyer only finds out when sell on time comes, and all of a sudden, the market has dropped. Stock traders do the same, pump up the market, drag in the mugs, make a killing. I'm not in any way suggesting EH engage in this type of practise, just an observation on earlier posts.

jimmycowman
Posts: 654
Joined: Thu Feb 02, 2006 6:05 pm
Location: staffordshire

Re: Elephant House Auctions

Postby jimmycowman » Wed Oct 26, 2016 5:44 pm

Wow 25 years of the elephant house auctions that's soon gone......... Is there some sort of mistake - 2 auctions on the same day????????

User avatar
badpenny
Forum Moderator
Posts: 6435
Joined: Thu May 05, 2005 12:41 pm
Location: East Midlands

Re: Elephant House Auctions

Postby badpenny » Wed Oct 26, 2016 6:28 pm

Does the 25 year claim ignore or include the barren years?

jingle

Re: Elephant House Auctions

Postby jingle » Thu Oct 27, 2016 7:03 am

I think it's the 25th auction at the elephant house :D

mademenicole
Posts: 20
Joined: Wed Dec 12, 2012 7:55 pm

Re: Elephant House Auctions

Postby mademenicole » Sun Nov 27, 2016 5:18 pm

Does anybody know results of EH auction from today ??

Lot 68 Hen Egg Vending
Lot 86 circle skill wall machine
87 shield catcher
88 electric amuser
89 allwin
90 French Oracle
114 ABT Big Game Hunter
116 Pee Nee Golf
120 Allwin
207 Derby Wall Machine
225 Ruffler Fill em up
304 Oliver Whales Victory ball
353 Pool Tote Wall Machine

Thank you !

User avatar
clubconsoles
Posts: 313
Joined: Sun Jan 13, 2008 9:36 pm
Location: Lowestoft, Suffolk

Re: Elephant House Auctions

Postby clubconsoles » Sun Nov 27, 2016 6:09 pm

also like to know what lot 192 jennings duchess brought in.
Steve said it in only arrived this morning and seller was unable to send in pictures to EH beforehand??
I am not prepared to absentee bid without pictures so the seller of the Duchess has probably saved me some money, lol

bill gates
Posts: 65
Joined: Mon Mar 17, 2014 1:06 pm

Re: Elephant House Auctions

Postby bill gates » Mon Nov 28, 2016 11:10 am

Jennings
IMG_1136a.jpg


Who is online

Users browsing this forum: No registered users and 5 guests