Wagner and Griswold Society (WAGS) Forum

Cast Iron (general info) => I can't believe it sold for that amount!! => Topic started by: Sandy Glenn on August 25, 2009, 03:59:55 PM

Title: #14 Iron Mountain
Post by: Sandy Glenn on August 25, 2009, 03:59:55 PM
!!WOW!!  All I can say is it's gonna be quite awhile before I can fill out my IM set. :P

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=170373485256
Title: Re: #14 Iron Mountain
Post by: Chuck Rogers on August 25, 2009, 05:04:49 PM
I was wondering who on here was bidding on it. I know they are hard to find. Do you have the #4 Sandy?
Title: Re: #14 Iron Mountain
Post by: Sandy Glenn on August 25, 2009, 05:29:02 PM
I have the #4, Chuck.  Looks like a #14 is gonna have to fall from the sky (gently please) for me to have one. ;)
Title: Re: #14 Iron Mountain
Post by: Jeff Seago on August 25, 2009, 07:04:55 PM
$600 does not seem that bad for how hard these are to find.  I actually figured it would go a little higher but that assumption was only based on its rarity and we all know that the price is not always an indicator of rarity.
Title: Re: #14 Iron Mountain
Post by: Jerry Cermack on August 25, 2009, 07:24:35 PM
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we all know that the price is not always an indicator of rarity.
It sure isn't Jeff.  If rarity is judged by availability, there are several items in the books that are LESS available than others yet dont carry the price tag they deserve, IMO.
Title: Re: #14 Iron Mountain
Post by: d1vot15 on August 25, 2009, 10:13:51 PM
Thought about bidding but it ran past my pocketbook.
Title: Re: #14 Iron Mountain
Post by: Harry Riva on August 26, 2009, 09:57:56 AM
IMO the # 3 bidder got it about right. If another showed up tomorrow I don't think it would smell these price levels. Kind of like the All in 1 skillet that went up for the same price as the last one sold for and died on the vine. When there's "two gotta have its" bidding crazy things happen. When there is only one or none then sanity returns.
Title: Re: #14 Iron Mountain
Post by: Chuck Rogers on August 26, 2009, 09:34:06 PM
Does anyone know if the seller is a WAGS member?
Title: Re: #14 Iron Mountain
Post by: Jerry Cermack on August 26, 2009, 10:00:54 PM
I thought the bidding on this was interesting.  If I didnt look at it wrong, and I might have, the second place bidder tied the high bidder at $600, which means that had to be the high bidders max.  If the second high bidder had bid again, he would have got over the max and might have won it?

PS.....if Ebay hasnt changed, if the second place bidder had bid ONE PENNEY more, $600.01, he would have been high.
Title: Re: #14 Iron Mountain
Post by: Sandy Glenn on August 26, 2009, 10:02:43 PM
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Does anyone know if the seller is a WAGS member?
I'm pretty certain he isn't.
Title: Re: #14 Iron Mountain
Post by: Tom Neitzel on August 26, 2009, 11:13:28 PM
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I thought the bidding on this was interesting.  If I didnt look at it wrong, and I might have, the second place bidder tied the high bidder at $600, which means that had to be the high bidders max.  If the second high bidder had bid again, he would have got over the max and might have won it?

PS.....if Ebay hasnt changed, if the second place bidder had bid ONE PENNEY more, $600.01, he would have been high.

I'm not so sure Jerry, the winning bid was there before the second place bid.  A tie goes to the earlier bidder.  I think the second place bidder would have had to bid at least $610 (one increment higher) to have won.

Tom
Title: Re: #14 Iron Mountain
Post by: Jerry Cermack on August 27, 2009, 12:11:32 PM
Your right Tom, if the second place bidder had bid again.  But if he had put $600.01, instead of $600 even, on his last bid would that not have put him high by one penny?..And who knows, the winning bidder may not have been online to make another bid.  The other point I was trying to make, the second high bidder also had the opportunity to see he had landed on the Max of the other bidder because they tied, and could have got over him easily.  Even if it took another bid of $10 more to possibly win that pan, I'd hate to lose it over $10 if I thought enough of it to want it for $600.  
Title: Re: #14 Iron Mountain
Post by: Tom Neitzel on August 27, 2009, 03:13:54 PM
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 But if he had put $600.01, instead of $600 even, on his last bid would that not have put him high by one penny?.. 

Maybe, but I still think if the second bidder had put $600.01, it would not have been taken since there was already the $600.00 automatic bid there from the earlier bidder and would have needed a full increment.  I do agree that the 2nd bidder didn't realize he had hit the max of the original bidder.  He stopped with more than an hour left.

Tom
Title: Re: #14 Iron Mountain
Post by: Jerry Cermack on August 27, 2009, 08:30:23 PM
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Quote
 But if he had put $600.01, instead of $600 even, on his last bid would that not have put him high by one penny?.. 

Maybe, but I still think if the second bidder had put $600.01, it would not have been taken since there was already the $600.00 automatic bid there from the earlier bidder and would have needed a full increment.  I do agree that the 2nd bidder didn't realize he had hit the max of the original bidder.  He stopped with more than an hour left.

Tom
Tom, not trying to belabor the point, but doesnt the bid history only show the Max bid by each person at the time they placed the bid?.....not the amount it took to become high bidder with the bid increments.  I dont know what the high price was when the second high bidder placed his bid with a $600 Max.  It certainly wasnt $600 or it wouldnt have let him bid $600, so what I have been saying is....for example: if he had to bid $550 to be high, and he put a $600 max, it jumped to the other guys Max and he just tied.  If he had put something more than a $600 max, even a penny more, he would have went over the winning bidders MAX.  Unless its changed, there is no minimum Max increments on Max bids.  Max bid winner is whoever bid the highest amount.  Anyway, it was an interesting bidding display...... ;D
Title: Re: #14 Iron Mountain
Post by: Scott Sanders on August 30, 2009, 05:38:03 PM
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Does anyone know if the seller is a WAGS member?


Does anyone know if the BUYER is a WAGS member???..... ;) ;) ;)

Scott
Title: Re: #14 Iron Mountain
Post by: Greg Stahl on August 30, 2009, 08:23:41 PM
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Quote
Does anyone know if the seller is a WAGS member?


Does anyone know if the BUYER is a WAGS member???..... ;) ;) ;)

Scott
you mean to complete a set?
Title: Re: #14 Iron Mountain
Post by: Jeff Seago on August 30, 2009, 08:57:40 PM
I would speculate that you guy's speculations are correct about the proud owner of that #14 skillet!!
Title: Re: #14 Iron Mountain
Post by: Chuck Rogers on August 30, 2009, 11:53:38 PM
Follow me

http://www.griswoldandwagner.com/cgi-bin/yabb/YaBB.pl?num=1251642536
Title: Re: #14 Iron Mountain
Post by: Dwayne Henson on September 05, 2009, 10:29:49 AM
I've done what Jerry is talking about and have won with a .01 (cent) over bid. If the first bid is 10.00, you cant't bid 10.01, but if the bid is 10.00 and you make your max bid  20.01 and the first bidder had his max at 20.00 you win by a cent.
Title: Re: #14 Iron Mountain
Post by: Harry Riva on September 05, 2009, 09:50:43 PM
I've won and lost in the pennies bidding war and I think it depends on who is in first. If the $20 bidder is the earliest bidder then it won't take the $20.01 bid because the increment isn't high enough and the $20.01 bid won't show. If the $20.01 bid is the earliest then it will post the $20.00 bid to show there was a bid that caused them to use your $20.01 bid and since the $20.01 was earliest it accepts it. At least that's what I think happens because I've both won and lost with bids less than the bidding increment and the timing of the bid seemed to be the determining factor.
Harry
Title: Re: #14 Iron Mountain
Post by: Jerry Cermack on September 06, 2009, 08:54:14 PM
Harry.....If a bidder places a bid at some figure that at least meets the bid increment, and also puts a MAXIMUM bid for Ebay to bid up to, then the bidder with the HIGHEST MAX bid will win the auction

 Thats what we were discussing on this #14 IM auction.  Evidently, if you look at the bid history, the second place bidder's last MAX bid of $600, hit the high bidders MAX of $600 and they tied, but the first $600 Max bid won it.  If the second place bidder had placed a MAX bid of $600.01, they would have been the high.  Ebay's bid history does not show what the regular increment bid was they placed, they only show the MAX bid they placed.   Bid increments to place a regular bid have nothing to do with the MAX bid placed by a bidder. There are no increments for MAX bids.

I have bid on items in the last 4 seconds of an auction and won them because I put a MAX bid with at least a penny more than the high bidders MAX bid at the time.