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The E-Sylum: Volume 26, Number 48, November 26, 2023, Article 14

THE AGE OF THE AI AUCTIONEER?

  Heritage Live auction screen

Kavan Ratnatunga of Sri Lanka writes:

"I attended a US Heritage Auction online and there was no video stream of the auctioneer. All I saw were still images of auctioneers which kept changing in rotation and the audio was clearly computer generated. What I did not expect was audio and screen output specific to me when I was actually bidding urging me to bid to win. I am curious if there is also a Real Live Floor Auction with a real Auctioneer, or if it is all done by computer using AI. I even saw it switch back on rare occasions to a just-closed lot when a late bid came just after it closed.

"Have you experienced this online auction format? See my unlisted recording https://youtu.be/1FbMvk0D2VI ."

I'm not a regular online auction participant, but that looks like pretty standard computer-generated text - I wouldn't call it artificial intelligence. -Editor

Kavan adds:

"I am told this is now standard for the HA Weekly Auction. One had hardly time to read this extra red text which only created confusion as to which bids had come in, particularly as this was my first exposure to it. It was aimed at getting bids without realizing how much one was bidding. Before using HA Bid Live, I should have read their clear guide."

  Heritage website auction guide

To read the complete Heritage auction guide, see:
What is Heritage Live!® (Covered by U.S. Patent No. 9,064,282)? (https://currency.ha.com/c/ref/web-tips.zx?ic=Tab-BidBuy-ThreeThingsToKnowAboutHeritageLive-111815-interior#live)

We'll miss the thrill of in-person auctions, but online bidding is here to stay and hopefully will only get better as further enhancements improve the experience. -Editor

Kavan adds:

"Anyway, now I am the owner of this First National Bank of Ceylon MN 1929 US$10 banknote of which only 6 are known."

  First National Bank of Ceylon MN 1929 US$10

Congratulations! Kavan has already added the note to his website - see the link below for more. -Editor

For more information on the Ceylon note, see:
First National Bank of Ceylon, Minnesota Small Size - 1929 - Type 1 - US$10 (https://notes.lakdiva.org.lk/ceylonmn/1929_CeylonMN_T1_10D.html)

Shevlin E-Sylum ad 2023-06-11 Continental Dollars



Wayne Homren, Editor

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