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  #21  
Old 04-19-2018, 12:33 PM
petecld petecld is offline
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Default Heritage Auctions - Reserves

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Originally Posted by Fballguy View Post
And what's with posting the last minute reserves (well more like 72 hours...but who's counting). Is that to give the consignor an out without turning off bidders early in the process?
Yes, we post reserves 7 days prior to the ending day of the auction. We do this for transparency. We feel this is far better than hiding them so a bidder will think they won something only to read "Not Sold" when the auction closes. Knowing the reserve allows a bidder to make his/her choice having all the facts. Your only chance of disappointment is that "Outbid Notice."

No, we don't do this to give the consignor an out. Reserves are agreed upon when we take in consignments. Are there exceptions made... yes, but 99.9% of the time reserves are agreed to well in advance. Sometimes reserves are even lowered.
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  #22  
Old 04-19-2018, 01:04 PM
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Heritage has amazing auctions, and probably cranks out more stuff every year than any AH on sports collectibles. Always awesome to view their bigger sports auctions and I've been regular customer.

But I understand the sentimental regard most everyone holds for REA and similarly LOTG. Great collectible AHs that aren't national operations, have only sports auctions and sports isn't merely a department in a bigger something, and are run by much a smaller group of dedicated folks. And of course they are both from Joisey.

Last edited by Snapolit1; 04-19-2018 at 01:05 PM.
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  #23  
Old 04-19-2018, 02:47 PM
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Quote:
Originally Posted by petecld View Post
Yes, we post reserves 7 days prior to the ending day of the auction. We do this for transparency. We feel this is far better than hiding them so a bidder will think they won something only to read "Not Sold" when the auction closes. Knowing the reserve allows a bidder to make his/her choice having all the facts. Your only chance of disappointment is that "Outbid Notice."
The auctions I'm bidding on end in 3 days and there's a message that says the "reserves (if any) will be posted tonight at 7:00 CST".
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Last edited by Fballguy; 04-19-2018 at 02:48 PM.
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  #24  
Old 04-19-2018, 04:40 PM
petecld petecld is offline
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Default Reserves

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The auctions I'm bidding on end in 3 days and there's a message that says the "reserves (if any) will be posted tonight at 7:00 CST".

Sorry Rob. I found out what you were talking about.

For the catalog auctions - the reserves post 7 days prior to the end of the auction. What I just learned...

For the weekly auctions - the reserves post 3 days before the ending date but 99.999% of the lots in these auctions have no reserves.
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  #25  
Old 04-19-2018, 11:49 PM
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Another great auction! Congratulations to Chris and Pete.
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  #26  
Old 04-20-2018, 08:01 AM
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I knew that damn ruth m101-6 was/should be a 40K card...I just sold too soon!!!!!
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  #27  
Old 04-20-2018, 08:56 AM
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any great buys (good value) or items that went waaaay above expectations that stick out?
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  #28  
Old 04-20-2018, 09:41 AM
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I was surprised that the 1914 CJ Grover PSA 7 is a $20k card.

Perhaps not so much in context of other ones that have sold recently, but I was surprised to see that hammer price, for sure
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  #29  
Old 04-20-2018, 09:46 AM
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Quote:
Originally Posted by tiger8mush View Post
any great buys (good value) or items that went waaaay above expectations that stick out?
Wow. That Ruth went for a good deal! 384k is a lot but same card sold for 552k a little over a year ago. I guess there is some digestion towards this meteoric rise of his cards, in particular this card. Over the long term the buyer is going to be really happy with his purchase!

Curious if a price premium emerges between the ad backs and blank backs. Seems all of the issues seems to be the blank backs.
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  #30  
Old 04-20-2018, 09:48 AM
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Quote:
Originally Posted by joshuanip View Post
Wow. That Ruth went for a good deal! 384k is a lot but same card sold for 552k a little over a year ago. I guess there is some digestion towards this meteoric rise of his cards, in particular this card. Over the long term the buyer is going to be really happy with his purchase!

Curious if a price premium emerges between the ad backs and blank backs. Seems all of the issues seems to be the blank backs.
Only exponentially, otherwise not that much.
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