Auction House ending method poll

[sb1]

Originally Posted by barrysloate

I voted for the REA method, but something needs to be implemented so that bidders cannot wait until 3:00 AM to put in their first bids. If you don't bid by a certain time, you would be disqualified.

I know some bidders insist on having the chance to bid at the very end, but the only way to actually do that is to outbid everyone else. You can bid at 3:30 but if it is not high enough, you will get topped at 3:32. Just bid the highest, and everything else will work out.

Actually this did not work for me in the last one. I logged in at 3:31 and the lot was closed, at 3:30 am EST, the auction had ended. I was not able to bid again( i had several priors on the lot), had the auction ended earlier lot by lot I can assure you I would have gotten my bid in and won. I attempted to out wait the other bidders and it cost me, the AH and the consignor.

[sb1]

The bidders will conform to whatever type of ending that is formatted. IF you allow them to continue bidding into eternity they will use and abuse the method. IF you force them to pony up and bid towards a more definitive end(lots ending individually), they will bid accordingly. In B&L and others that end individually you can see the bids come in much earlier and the lots get up to speed much sooner than the auctions that everyone knows will end at 3:00 to 5:00 am in the morning. The bidders know the rules and play the game.

In the end, I believe that the vast majority of the lots will bring the same price in either method, the individual ending is just much more user friendly and allows the action to be compressed into a short period of bidding. We had several lots get many, many bids in heads up competition at the end of the last auction, each bidder knew that there could be no extended waiting it out and dueled it out.

[oldjudge]

As someone who consigns and bids, I think the REA method is fairest to all.

[Leon]

Originally Posted by oldjudge

As someone who consigns and bids, I think the REA method is fairest to all.

You say this as if almost everyone else in this thread isn't a consignor and bidder.

Hey, I want the most for my consignments too!! If I thought I could get more for them another way then I would do it. Even now, if I truly thought the best way to maximize bids would be to do it another way, I would. So far I am not persuaded, as isn't around 80% of the board (the other 2 categories as of now).

And for the record, I love to bid in REA auctions and win something in almost every one. I love to bid in Baggers auctions and have won quite a bit there too. This is only a friendly debate, no more and no less.

[bn2cardz]

Originally Posted by Leon

And for the record, I love to bid in REA auctions and win something in almost every one. I love to bid in Baggers auctions and have won quite a bit there too. This is only a friendly debate, no more and no less.

Yes, I was going to mention in the original post but forgot.

This isn't really about which auction is good or isn't or which auction is preferred. Purely which format/template does each person prefer.

I am a convert though. I know I liked the REA format and when B-L changed I think I stated I didn't like it. Now I prefer the lot by lot format between the two options (Bagger's format is my current preference).

[bn2cardz]

Originally Posted by Leon

You say this as if almost everyone else in this thread isn't a consignor and bidder.

That is a more interesting way of breaking this down even more, are you a consignor?

I have consigned, but only once so I wouldn't consider myself a consignor. So my vote for Bagger's is purely from the point of view as a bidder. I don't know if my opinion would change if I was a consistent consignor.

[Leon]

Originally Posted by bn2cardz

That is a more interesting way of breaking this down even more, are you a consignor?

I have consigned, but only once so I wouldn't consider myself a consignor. So my vote for Bagger's is purely from the point of view as a bidder. I don't know if my opinion would change if I was a consistent consignor.

I have consigned to many auction houses, including my own. It is no secret and I would say some folks have gotten very good deals on some of those cards.

So I do look at it from a consignors point of view. However, As a collector/bidder I won't lose in any of these auction methods if I HAVE to have something and have the money to get it. I CAN stay awake if I have to. (and have done so many times). I would just prefer to duke it out and get it over with....and think that I will spend more that way too. But who knows...

[barrysloate]

Originally Posted by sb1

Actually this did not work for me in the last one. I logged in at 3:31 and the lot was closed, at 3:30 am EST, the auction had ended. I was not able to bid again( i had several priors on the lot), had the auction ended earlier lot by lot I can assure you I would have gotten my bid in and won. I attempted to out wait the other bidders and it cost me, the AH and the consignor.

Didn't REA go until about 4:30? Why were you locked out at 3:30? Maybe I'm missing something.

[icollectDCsports]

Pole? I vote for Festivus.

[4815162342]

Originally Posted by icollectDCsports

Pole? I vote for Festivus.

The Auctions End Too Late thread could be considered the Airing of Grievances.

Next will be the Feats of Strength, err, Feats of Sleep Deprivation.

Finally, all auction houses will join hands, sing Kumbaya, and adopt a universal ending standard that makes everyone happy. A Festivus Miracle!

[sb1]

Originally Posted by barrysloate

Didn't REA go until about 4:30? Why were you locked out at 3:30? Maybe I'm missing something.

It was 3:30 my time

[Peter_Spaeth]

A Dutch auction would be cool and separate the men from the boys.

[barrysloate]

Originally Posted by sb1

It was 3:30 my time

Hence, 4:30

In all fairness, that is late to check in and you do so at your own risk. You know that going in.