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#51
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If we were talking about how to save money and not spend it on cards this would be a perfect answer you gave. However, what we are talking about is how to potentially have the best ending of an auction where no one gets shut out because they have lost 1 item and can't go back to another. If an AH (** I have no inclination to ever do this as an AH, but it is done) extends credit then that could make it where folks don't get shut out if there is more than they can afford at one time. For me, if the Driers collection were sold all at once I wouldn't have had the disposable income to get my 3-4 top pieces, which I eventually did as the auctions were spread out. If it were all sold in 1 auction and, If I could have gotten 3-6 mos to pay, it would have worked for me too. BTW, I protect my 800'ish credit score so it's not like I am going too crazy with over-financing .
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Leon Luckey Last edited by Leon; 04-01-2015 at 12:26 PM. |
#52
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Lots of good points being made in this thread. My primary want would be to have lots close individually. I really don't like waiting around for hours for a particular lot to close when there has been no recent bid activity on that lot. If there's a bidding war going on in other lots, then let those lots keep going but don't hold everything else in limbo.
I feel better now that I got that off my chest. |
#53
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jeff Last edited by jefferyepayne; 04-01-2015 at 08:38 AM. |
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Hi Jeff,
Thanks for clarifying that. Your post made it seem like that's what you were implying, especially when you mentioned voting with your dollars. I'm glad you're not encouraging people to bid with Legendary just because they close their auctions in a particular way. -Ryan |
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Completely agree. I am up most mornings working on my computer at 6 AM. The last time I was up at 3 AM I obviously had no impulse control and therefore had no business making financial decisions.
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#56
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Jeez, this is still a hobby, right? Boycotting and organizing labor seems extreme. |
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Union? No.
Boycott? Sure. The only way things are going to change in this hobby is if collectors stand up and say ENOUGH. Put your money where your mouth is. jeff |
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-Ryan |
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You guys realize that if the auctions "closed" at noon, the extended bidding times would still last until the west coast went to bed, right?
The only way that auctions are not going to last "forever" is for them to have a definitive end time, ebay style. Ultimately, extended bidding gets more money for the items, generally speaking. Ending the entire auction at the same time gets more money for more items, generally speaking. The only people complaining about the late hours are buyers, I don't see any sellers complaining, or did I miss something? |
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Extending credit is an interesting idea for AHs that want to risk the headache, though I think that credit should come with an immediate 50-70% downpayment that is forfeited if the balance is not paid. If the buyer doesn't come through then the AH then owns the item and can sell it in the next auction, or offer it to an underbidder, with the downpayment as a cushion against future price uncertainty (and a penalty for the person who doesn't pay his debts).
As for closing times, are there any auctions that enter extended bidding on Sundays around, say, 8 PM Eastern? Sunday evenings are the peak Ebay time because that seems to be when people have the least going on in their lives. If you entered extended bidding at 8:00 EST, closed lots individually, and ran 30 minute intervals for the first hour (8:00-9:00), 15 minute intervals for the second hour (9:00-10:00), and 5 minute intervals from 10:00 PM Eastern/7:00 PM Pacific until every lot ended I think the vast majority of the lots in the auction would be over by 1:00 AM EST/10:00 PM PST, no? Sure, some people on the West Coast would have to miss dinner on Sunday night but it is a lot easier to skip dinner on the West Coast to bid than it is to skip sleeping on Sunday night to bid on the East Coast. Edited to add: I have little experience with AHs so I apologize if that second paragraph was stupid. Last edited by Jobu; 04-01-2015 at 10:51 PM. |
#61
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In hindsight, I should have just left Legendary out of the lot by lot conversation as it just muddied a healthy discussion on auction ending times. jeff |
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Just place your top all bid and get some sleep. |
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Line of Credit
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Z Wheat |
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jeff Last edited by jefferyepayne; 04-02-2015 at 02:51 PM. |
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Noticed this tonight while thumbing through the REA catalog: "Payment is due within 14 days of notification of lots won. Please call to prearrange and to be approved for any type of payment schedule, which can sometimes be arranged with a deposit and interest charges."
DJ
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Current Wantlist: E92 Nadja - Bescher, Bridwell, Cobb, Donovan, Doolan, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman E/T Young Backrun - Need E90-1, T216 (all versions) E92 Red Crofts - Anyone especially Barry, Shean, and Evers |
#66
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Leon Luckey Last edited by Leon; 04-03-2015 at 06:42 PM. |
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