ITPC's AUCTION ENDS TOMORROW- FRIDAY 10/21/22

[Lou Criscione]

PLEASE GET YOUR BIDS IN EARLY TO AVOID GETTING SHUT-OUT!

Inside the Park Collectibles Fall 2022 Sports Memorabilia Auction ends tomorrow Friday, October 21 at 10:00 PM EST (15-minute rule applies). Bidders must place at least 1 bid in the auction by 9:00 PM EST auction night to be eligible to bid on any or all of the remaining lots until closing. We anticipate that this auction may end several hours into the extended bidding time. (Please read our closing procedure below)

The auction features 450 quality lots- all being offered with our usual No Buyer's Premium and No Hidden Reserves policies in effect. There is a wide array of memorabilia that includes autographed memorabilia, mascot banks, sports glassware, pins, tickets, yearbooks, vintage bobbing heads, and much more.

To view the auction, register, and bid online, please visit our website at www.insidetheparkcollectibles.com

We urge everyone to check out all the items as there are bargains to be had for both collectors and dealers. There's still time to bid, but please try to get your bids in early to avoid getting shut out.

Thanks!

Lou & John

***We want to be as clear as possible about the auction close. We remind you that we do not close 'lot by lot' nor do we have a hard close at 10:00 PM EST. Initial bidding will end at 10:00 PM EST and at that time only those who have placed a bid on any lot in the auction may bid on any and all of the remaining lots in the auction until closing. The auction will continue as long as ANY BID is placed on ANY LOT during the 15 minutes extended bidding period or we are still receiving phone inquiries. When a bid is placed, the 15-minute rule begins again. This means that just because an item you bid on has no action for 15 minutes, or even 2 hours, as long as there is action the entire auction will remain open. If you want to be sure you win your lot, you have the option of placing a MAX bid or staying up until the auction closes. We strongly recommend that you do not wait until 9:00 PM to place your initial bid as sometimes the system will get slow due to high volume at that time. We also reserve the right to close the auction at any time for any reason after 1:00 AM EST - even if the 15-minute clock shows time left.

[oldjudge]

Bargains to be had by dealers? Sounds bad for consignors.

[Casey2296]

Those bobbleheads are neat, lots of other baseball man cave stuff in there too.

Good Luck with the auction!

[Leon]

Originally Posted by casey2296

those bobbleheads are neat, lots of other baseball man cave stuff in there too.

Good luck with the auction!

+1
.

[Lorewalker]

Originally Posted by oldjudge

Bargains to be had by dealers? Sounds bad for consignors.

Well he did write for bargains for collectors too. Yeah it does not sound great for the consignors but best time to buy is usually not the best time to sell.

[Casey2296]

Originally Posted by oldjudge

Bargains to be had by dealers? Sounds bad for consignors.

No buyers premium? Sounds good for consignors.

[oldjudge]

No buyers premium just means the seller is paying a sellers premium (the auction house makes money someplace). Either way it doesn't sound good to me. Maybe the auction house is selling items they own--could that be the case?

[Leon]

Originally Posted by oldjudge

No buyers premium just means the seller is paying a sellers premium (the auction house makes money someplace). Either way it doesn't sound good to me. Maybe the auction house is selling items they own--could that be the case?

I think that is the case but not positive.
.

[BobC]

Originally Posted by oldjudge

No buyers premium just means the seller is paying a sellers premium (the auction house makes money someplace). Either way it doesn't sound good to me. Maybe the auction house is selling items they own--could that be the case?

Hey Jay! I don't think the AH mentioning "there are bargains to be had" is necessarily a bad thing for consignors. What I do see it as is a marketing technique to hopefully draw more people (who will then hopefully become bidders as well) to go look at their auction. And the more eyes (and bidders) the auction attracts, one would think would be more, not less, beneficial to the consignor's interests. Right?

Also, the AH is primarily selling memorabilia, not cards. Cards are more commoditized in today's market, with potential bidders able to easily access and use pricing and other apps to quickly look up and see if auction prices are potentially bargains or not. To my knowledge, the ability to do the same with memorabilia is not as easy, or prevalent.

And besides, don't most all AHs start off listing all items they are auctioning at a fraction of their perceived value anyway? In that case, literally every lot, at least initially, could be advertised as a bargain for dealers and collectors. Not sure how that can be perceived as bad for consignors then. I do see and understand though how some consignors my interpret an AH advertising having bargains in their auction as somehow maybe inferring that their particular consignment might be undervalued and selling cheaply. But these auctions usually have at least hundreds of items in them, and in this case no specific item(s) or lot(s) are being named and pointed out as going for cheap.

I do wholeheartedly agree with your point that if there is no BP, that just means the consignor is getting hit with a seller's fee/commission. Or as you also mentioned, maybe some/all of the auction items are possibly owned by the AH, and their fee/commission is whatever profit they end up with selling those.

[UKCardGuy]

I look forward to the ITPC auctions. They have a great selection of memorabilia.

This time though, the minimum bid for many of items was set too high IMO. Many of the starting prices were higher than current market values (e.g. recent ebay sales).

Looking at the auction results, 192 of the 453 lots had no bids and more than 150 lots had only 1 bid. That's more than 75% of the auction with no competitive bidding.

Maybe it was due to consignors insisting on a price. Maybe it's a sign of the softening market. But it's a little disappointing because there were a number of items I would have bid on if the starting prices were competitive.

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