Property auction

G

Grod19

Registered User
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Hi There,

We recently bid online on a property and need some advice.

We were bidding manually against an autautomatic bidder who had a maximum bid of £161K set.

The automatic bidder bid £160K so we put in a manual bid of £161K, the automatic bid immediately matched our bid and the auction finished. The auction finished with a result of the same time, to the second, and the same amount for both ourselves and the other bidder. The auction would not allow us to go any higher before it closed.

In my opinion, we should of won, as an automatic bid needs triggered by another bid so we put £161K first, the auction however is saying that it is the other party who won.

Does anyone have any legal advice on this please.

Thanks so much :)
 
I would give it to the autobidder.

They clearly put in a max bid of €180k or thereabouts so every bid below that would be instantly matched.

It's a bit odd that if your €161k bid was noted, that they autobid did not go toe €162k

It's not a great idea to bid manually against an autobid.

Brendan
 
Hi Brendan,

The auctioneer has advised us that there maximum was £161K.

We tried to bid higher but the system would not let us and did not give us the 60 seconds to try and bid higher which is frustrating.

Its very hard to know who should of won, but i think it's also very unfair.

Lesson learnt, always use autobid!

Grace.
 
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