REA Fall Auction Ends TODAY With New 12 PM Noon Eastern Deadline For Initial Bids!

[spacktrack]

Hi Everyone,

Just a reminder that the REA Fall Auction ends this Sunday, October 30 utilizing our new closing method designed to conduct extended bidding, and ultimately the auction close, during more reasonable hours when everyone is more likely to be awake (no more 5 AM closes).

A few important reminders:

You can visit and browse the auction on our website at any time.

Initial bids MUST be placed by 12 PM Noon Eastern (9 AM Pacific) on SUNDAY, October 30. IF you have not bid on an item prior to Noon, you may not bid on it during extended bidding after Noon.

If you are not registered to bid, you may still do so by filling out our registration form.

The entire auction ends at once; items do not end lot by lot or individually (unless an item has received only one bid entering extended bidding).

Bidding will continue until no bids have been placed for a period of 15 minutes throughout the entire auction.

If the auction is still going at 6 PM EST (which it almost certainly will), we may end the auction at any time without reference to the 15 minute rule.

We encourage bidders to follow the action by watching the 300 most recent bids on our website.

If bidding is slowing down, we will send out a warning email essentially stating, "Bidding is slowing down and we don't know exactly how much longer the auction will go."

This always spurs more bids, so we will monitor this activity until it slows down again, at which time we will send a "Fair Warning" email. This email is designed to be a final warning that the auction close is imminent and all final bids should be placed.

Under no circumstances will the auction continue beyond 12 AM Midnight Sunday, but this should be not be interpreted as a guarantee that the auction will continue that long. We highly advise not to wait until closer to Midnight to place your bids. Extended bidding under the old closing method died down after 7-8 hours (9 PM to 4-5 AM) so use this as a guide. The emails described above will be important guides to the likely auction closing time.

If you have any questions, we encourage you to call or email at any time as we will be fully staffed all weekend.

Good luck to all buyers and sellers!

Robert Edward Auctions
info@robertedwardauctions.com
908-226-9900

[iowadoc77]

I like this idea of closing time.
We will see how it goes. Not sure there is a perfect system but will be watching to see how this goes.
I wonder if eBay's absolute close time is influencing the bigger AHs. Pretty sure it is.

[perezfan]

As a consignor, I'm just a tad concerned. So 9:00 AM, Pacific Time is the cut-off for initial bids on Sunday.

Would not be surprised if more than a few West Coast people overlook (or simply miss) the communication of new rules, and subsequently sleep right through the 9 AM deadline. This cut-off time is far earlier than any other Catalog Auction, and it is a Sunday morning, afterall

[1952boyntoncollector]

Originally Posted by perezfan

As a consignor, I'm just a tad concerned. So 9:00 AM, Pacific Time is the cut-off for initial bids on Sunday.

Would not be surprised if more than a few West Coast people overlook (or simply miss) the communication of new rules, and subsequently sleep right through the 9 AM deadline. This cut-off time is far earlier than any other Catalog Auction, and it is a Sunday morning, afterall

I agree with this and this is concerning plus some of the current bid levels look like bargains right now but i realize there is lots of bidding towards the end, still......

[x2drich2000]

Originally Posted by perezfan

As a consignor, I'm just a tad concerned. So 9:00 AM, Pacific Time is the cut-off for initial bids on Sunday.

Would not be surprised if more than a few West Coast people overlook (or simply miss) the communication of new rules, and subsequently sleep right through the 9 AM deadline. This cut-off time is far earlier than any other Catalog Auction, and it is a Sunday morning, afterall

Those on the west coast, like everyone else, have had 3 weeks or so to get their initial bids in. If they don't do so by the 9am deadline, that's their own fault.

DJ

[iowadoc77]

Originally Posted by x2drich2000

Those on the west coast, like everyone else, have had 3 weeks or so to get their initial bids in. If they don't do so by the 9am deadline, that's their own fault.

DJ

Agreed! What good is it to wait until the last minute to get initial bid in? I am likely ignorant, but not sure. Just bid if you are going to.

[RedsFan1941]

Originally Posted by x2drich2000

Those on the west coast, like everyone else, have had 3 weeks or so to get their initial bids in. If they don't do so by the 9am deadline, that's their own fault.

DJ

+1. This seems so obvious, at least to me. People really wait until the absolutely last minute to get their INITIAL bids in?

R0nnie L3hman

[BeanTown]

It's the first time it benefits the East Coast collector for getting in a late bid(s) in the open (non extended time) auction. Years and years of us staying up till 3am while west coast people just come home after a night out at midnight to make their bids right before closing. I don't think their new closing time will affect the end results.

Anyone disagree with this then go bid now in REA and sleep in on Sunday until 2PM if you want to. Then wake up and go bid on the lot(s) you are interested in.

I would be interested to know the demographics of all the bidders as to their location. What percentage is in each time frame. My hunch is the largest number will be east coast.

My last thought is that it interferes with fantasy football and watching football in Sunday. That might be more of a concern I would have as a consignor.

[LEHR]

Originally Posted by x2drich2000

Those on the west coast, like everyone else, have had 3 weeks or so to get their initial bids in. If they don't do so by the 9am deadline, that's their own fault.

DJ

^This!^ If you can't get your initial bids in during the THREE WEEKS the auction has been running then you don't deserve to bid or win anything. It doesn't matter what time initial bidding starts, someone will have a problem with it. I commend Brian and REA for trying something new.

[bn2cardz]

Originally Posted by perezfan

As a consignor, I'm just a tad concerned. So 9:00 AM, Pacific Time is the cut-off for initial bids on Sunday.

Would not be surprised if more than a few West Coast people overlook (or simply miss) the communication of new rules, and subsequently sleep right through the 9 AM deadline. This cut-off time is far earlier than any other Catalog Auction, and it is a Sunday morning, afterall

Really it is later than past auctions considering those ended Saturday night then bled into Sunday morning. So if someone overlooks it they should be there on Saturday night and notice the extension at that time.

[CardMD]

So I have to ask because I know nothing about Old Judge cards, but that king Kelly in PSA 9 looks trimmed and significantly shorter than every other old judge in this auction. What do people think? Just curious.


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[Joe_G.]

Thank you REA, great auction.

Regarding the N172 Kelly, different years and even subsets come in different sizes. For example, the Script and numbered cards excluding Brooklyn, are the smallest cards in the set (Kelly being a short number). The numbered Brooklyn cards among the largest. That Kelly is nice, from the scan alone I don't see any red flags.