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Old 09-20-2017, 10:11 AM
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@ndrew woo.dfin
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Default Auction Houses. Do we need more?

So with all the auction houses out there is there room for more? I have been thinking how nice interaction with someone would be. The fact you're waiting what seems like 30 days for an auction to close only to stay awake for the next 48 hours to try and win it. The fees are absurd to say the least.

A format where everyone logs on and bids in real time. Questions can be answered, certain views or angles can be shown, hammer drops that evening before the next auction goes live. BP is minimal because the overhead is minimal.

I guess I want to know if anyone would consign to and/or buy from a format like that?
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Old 09-20-2017, 10:30 AM
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Not sure exactly what you are asking, but I share your frustration.

Auctions is announced. It is closing 30 days later. Yawn.

And then it drags and drags and drags. And drags.

And then maybe the catalog shows up. Gee, forget all about this one.

I look at it again. Gee, now closes in 19 days.

A day before closing items a little activity begins.

Now last night of the auction is the height of insanity and I have to write it off or figure a way to be up at 5 am EST.

With this system I make the effort for the few and far between "must haves" and "can affords". A lot of smaller fun stuff that I might bid on I just stop paying attention to.

Last edited by Snapolit1; 09-20-2017 at 10:31 AM.
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Old 09-20-2017, 10:37 AM
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Quote:
Originally Posted by T205 GB View Post
So with all the auction houses out there is there room for more? I have been thinking how nice interaction with someone would be. The fact you're waiting what seems like 30 days for an auction to close only to stay awake for the next 48 hours to try and win it. The fees are absurd to say the least.

A format where everyone logs on and bids in real time. Questions can be answered, certain views or angles can be shown, hammer drops that evening before the next auction goes live. BP is minimal because the overhead is minimal.

I guess I want to know if anyone would consign to and/or buy from a format like that?
Are you thinking like a live auction over a video feed?

Heritage Sunday Auctions have live bidding format. There is still very little interaction though. Combining that platform with a video feed could be interesting.
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Old 09-20-2017, 10:47 AM
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@ndrew woo.dfin
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Are you thinking like a live auction over a video feed?

Heritage Sunday Auctions have live bidding format. There is still very little interaction though. Combining that platform with a video feed could be interesting.
Andy you hit the nail on the head with that one.

A video feed live format auction at a set time. Maybe biweekly or monthly. Only take in X amount of lots. I seriously think I can get the % to a solid 10 across the board no matter the hammer price. Fair and transparent deals in a real time format. Small picture preview of consignments.
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Old 09-20-2017, 10:49 AM
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Originally Posted by T205 GB View Post
Andy you hit the nail on the head with that one.

A video feed live format auction at a set time. Maybe biweekly or monthly. Only take in X amount of lots. I seriously think I can get the % to a solid 10 across the board no matter the hammer price. Fair and transparent deals in a real time format. Small picture preview of consignments.
I believe it would be worth a shot. With the technology and the common place of video in communications, I think it is a matter of time. Someone will have to be the first.
I think high detail photos would still be needed. Video doesn't always work to pick up things. The high detail images for zooming in the Heritage auctions is always nice.
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Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also. Matthew 6:19-21
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Old 09-20-2017, 02:55 PM
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Scott Russell
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How 'bout plain old live? ��
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Old 09-20-2017, 03:33 PM
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@ndrew woo.dfin
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Quote:
Originally Posted by bn2cardz View Post
I believe it would be worth a shot. With the technology and the common place of video in communications, I think it is a matter of time. Someone will have to be the first.
I think high detail photos would still be needed. Video doesn't always work to pick up things. The high detail images for zooming in the Heritage auctions is always nice.
The scans are the easy part. The audience is what is needed and the consignments need to be great to draw an audience.
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Old 09-20-2017, 04:16 PM
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Just one person's opinion, but it seems like the market is saturated with AHs. If the amount of good material to sell stays relatively constant, I don't know if the market can sustain this many AHs. There will likely be some winners and losers, but I just don't see how 10-15 players offering a similar product can sustain success in the long term.

That said, maybe a significantly different approach as you suggest could disrupt things, but you still have to fight to get the material that will pay for your labor, overhead, advertising, etc.
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Old 09-20-2017, 04:29 PM
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Honestly, I love this idea. I would definitely be a participant! We had an auction house about ten minutes from my house close down a couple of years ago because the owner was retiring. I looked forward to it every week. I typically don't pay a ton of attention to the current auction houses because I usually forget about them once the time comes... Plus, this just seems a lot more fun!
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Old 09-20-2017, 04:47 PM
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I agree that there are too many houses right now. The ones that run until 6 AM do a disservice to the Hobby and have to go. Live auctions via the net with reasonable hours would be great.
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