Rea! Rea!! Rea!!!

[Rhotchkiss]

Originally Posted by calvindog

I understand it in theory: getting the price up quickly to discourage people from bothering to bid. Also, perhaps to put a max bid in first at the price the card is worth I suppose. For me, I put in placeholders just so I don't forget. I don't even go back to REA until the auction is well into extended bidding. If the cards I'm after are still within a range I'm willing to pay, I bid; if not, I don't.

There are several reasons I will “tangle” day 1 - First, as Jeff suggested, if it’s something I really want, I put in a large max bid so that 50% of the bids getting there are mine, thus potentially limiting the number of competitors in extended bidding. Second, sometimes I want a certain spot, or want the last bid before a bid-increment cliff (like when bids go from $500 to $1000), so I put in my max bid to ensure I get that spot if it gets there. That said, I only do this with cards I really really want, otherwise I may have too many large bids on too many large items (large being a relative term)

[mechanicalman]

Personally, I don’t put any credence into Day 1 bidding strategies. There are too many dudes with deep pockets going after the best cards. No one who really wants a blue chip is going to be “shut out” of the extended session because of aggressive early bidding, in my estimation.

[barrysloate]

Originally Posted by Rhotchkiss

There are several reasons I will “tangle” day 1 - First, as Jeff suggested, if it’s something I really want, I put in a large max bid so that 50% of the bids getting there are mine, thus potentially limiting the number of competitors in extended bidding. Second, sometimes I want a certain spot, or want the last bid before a bid-increment cliff (like when bids go from $500 to $1000), so I put in my max bid to ensure I get that spot if it gets there. That said, I only do this with cards I really really want, otherwise I may have too many large bids on too many large items (large being a relative term)

With that strategy you will be able to limit the number of competitors. The problem is you will be limiting the wrong ones.

The guys you knock out probably weren't going to win the lot anyway. The ones who are likely to win it are still there. So you are only creating the illusion of less competition.

[GaryPassamonte]

So true, Barry. It's much easier to place in the race than win it.

[Rhotchkiss]

Originally Posted by barrysloate

With that strategy you will be able to limit the number of competitors. The problem is you will be limiting the wrong ones.

The guys you knock out probably weren't going to win the lot anyway. The ones who are likely to win it are still there. So you are only creating the illusion of less competition.

You are probably right, as I end up the high bidder probably 50% of the time when all is said and done. End of the day, no matter how you play it, if you want the card, you need to be high bidder when it’s all said and done

[barrysloate]

Originally Posted by Rhotchkiss

You are probably right, as I end up the high bidder probably 50% of the time when all is said and done. End of the day, no matter how you play it, if you want the card, you need to be high bidder when it’s all said and done

Yep, lot goes to the highest bidder. That's how it works.

[Peter_Spaeth]

Originally Posted by barrysloate

Yep, lot goes to the highest bidder. That's how it works.

That's good to know.

[barrysloate]

Originally Posted by Peter_Spaeth

That's good to know.

Took me a long time to figure it out.

[ricktmd]

The serious bidders are aggressive on the last day or in extended bidding. As stated by others putting bids in on the first day on items of interest allows me to review the items I might go after depending on where the price is on the final day. Most importantly it allows me to bid during the extended period when the action becomes serious. I have never been one to put in top all bids other than on ebay snipes. Even on ebay it never feels good to put the highest price I would pay in the snipe software.

[ValKehl]

Originally Posted by barrysloate

Yep, lot goes to the highest bidder. That's how it works.

Now I'm beginning to understand why I never win anything!

My REA phone book arrived in the teeming metropolis of Manassas, VA, today.

[Sean]

Just got my catalogue, post office delivered it. And I still have one high bid.

And now I will stop the updates on that one bid until May 7.

[Rhotchkiss]

Originally Posted by Sean

Just got my catalogue, post office delivered it. And I still have one high bid.

And now I will stop the updates on that one bid until May 7.

My catalog goes straight into the recycling bin.... I have been outbid on all 40+ lots I bid on (totally expected). I have not placed a max bid, only placeholders, and the next 20 days will be spent on deciding what 1-5 cards I really want to pursue. Because I blew my wad on a t206 plank last month, I won’t be a contender on any real big boy cards, but, IMO, the biggest superstar (and there are many) is the CJ Matty - I have seen and held it and it is awesome.

The May pickups thread should be fun...

Oh, and as an aside, now that REA is out, do we even care that Heritage is ending in 5 days...??!!

[x2drich2000]

I don't think one bidding strategy is going to work best in all situations. I think your lake front property cards aren't worth trying to scare people from cause they will always be desirable and there are enough whales who want the best of the best. However, I firmly believe you certainly can discourage people from bidding on ghetto and flood zone cards where people will want to consider all better options before settling.

That said, I've placed over 100 bids in REA so far and only 1 lot have I placed a max bid (which I think is pretty obvious) and I'm still high on that one with plenty of room to increase more

[ullmandds]

Originally Posted by x2drich2000

I don't think one bidding strategy is going to work best in all situations. I think your lake front property cards aren't worth trying to scare people from cause they will always be desirable and there are enough whales who want the best of the best. However, I firmly believe you certainly can discourage people from bidding on ghetto and flood zone cards where people will want to consider all better options before settling.

That said, I've placed over 100 bids in REA so far and only 1 lot have I placed a max bid (which I think is pretty obvious) and I'm still high on that one with plenty of room to increase more

haha...flood zone cards!!!

[calvindog]

Originally Posted by Rhotchkiss

You are probably right, as I end up the high bidder probably 50% of the time when all is said and done. End of the day, no matter how you play it, if you want the card, you need to be high bidder when it’s all said and done

LOL painful truth. If you want the card enough, you'll do what you need to get it. And there's always some jerk out there willing to pay whatever it is to get it. Just hope he's not collecting the same things as you. Cough.

[calvindog]

PS big improvement on the REA site: you no longer have to click on an extra button to see thumbnails of the lots you bid on. That's actually a nice addition and much appreciated.

[Leon]

Originally Posted by calvindog

LOL painful truth. If you want the card enough, you'll do what you need to get it. And there's always some jerk out there willing to pay whatever it is to get it. Just hope he's not collecting the same things as you. Cough.

Sometimes it is good to let something go.

http://www.net54baseball.com/showthr...highlight=w555

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