Not only does Proxibid technology give viewers an authentic auction experience from the convenience of one’s own home, the various technologies built into the new bidder window verifies that an auction is on the up-and-up.
Click and expand the photo above, which is worth a 1000-word post, and look closely at the onsite bidder winning a prized coin in Saturday’s Fox Valley Auction, in which almost every lot sold above wholesale greysheet with almost half above retail. And most bids were won by Internet bidders.
When the auctioneer says the onsite bid won, you can verify that. No shill bidding here!
Fox Valley is one of our top-ranked houses because it offers quality consignments, numismatic descriptions, good photos and lots of competition–through advertising and direct marketing.
We applaud the company and Proxibid, too. The new bidder window is wonderful! There is only one glitch left to fix. Proxibid logs you off if there is no activity while you wait for your lots to come on the block. You can raise your bid, but the auctioneer doesn’t see it.
That aside, however: When you link up a top-rated auction house that takes no shortcuts, sees no maximum bids, forbids auctioneer and consignor bidding, doesn’t hype or even offer self-slabbed coins–and combine that with Proxibid state-of-the-art technology–you get what we have been advocating for at Proxiblog throughout our three years’ existence: an even playing field with honest-to-goodness competition.
Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.