*FIRST AUCTION* T206 PSA 1 Lou Ritter DRUM

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Posted By: MVSNYC

i am offering for auction the above mentioned card. the auction will run 7 days from the time this is posted. please respond to this post with your name and bid. all bids to follow must be higher than the previous (pretty simple). the winner will be the one with the highest bid before the hammer drops, exactly 7 days to the second. any bids after that exact second will be too late.

it is my decision that i will send Leon 2% of the selling price for allowing this auction to take place on his forum.

good luck, let's see how it goes...if there appears to be any "funny business" i reserve the right to end the auction or not carry through with the transcation.

michael sarno

opening bid: $99.99
reserve: $905 (that was what bidding reached before it was taken off of eBay by hackers).
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edited: to add opening bid & reserve

edited to say: since there is no seconds in the listing time, the hammer falls at exactly the post time listed above, 7 days from now (next saturday)...there can be multiple bidders that last minute, but the winner will be the last bidder BEFORE that minute hits the above time.

edited to say: that if there are multiple bidders who post the same amount right at the end of the auction, the FIRST person to post that amount wins...

edited to say: there are no bidding increments, bid what you wish...highest bid wins.

and i will pay for insured fed ex overnight!

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Posted By: leon

As we are discussing the format, in the other thread, if we find a better way, you may do this however ya'll decide is best. It might be in this thread or it might be a BST page set for auctions or .....?? I very much appreciate your offer of a percentage but I will not accept anything under any circumstance for allowing auctions to be done. thanks again for the support and the auction suggestion...best regards

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Posted By: barrysloate

Michael- how can everyone expect to get their final bid in at 8:00 on the button without software? What if there are ten guys left at the end and they want to bid but don't know the status?

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Posted By: MVSNYC

barry, i hear your concerns, this is an "experiment" and i have offered my Drum as the "test specimen"...

i know this process might have flaws, but let's just play it out...highest bid prior to hammer time wins (and if there are 4 bidders for example who post "$1350" and that number is the highest prior to hammer, then the FIRST person who posted it wins)...

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Posted By: barrysloate

Michael- here's an issue: if there are two snipes on an ebay lot, one for $700 and one for $1200, the winner gets the lot for $710. If you got the same two bids at the end, what would the winner pay?

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Posted By: rob

why not just start the bidding at $905 since the reserve is public. all under bids are meaningless since there is no benefit in being able to bid later in the "bonus time" supplied by auctin houses.

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Posted By: jim loewke

Hi Mike, don't know what is certain yet, but I would like to place a bid on the card. Should I bid on it right here? Thanks and let me know,
Jim

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Posted By: Sean

Here are the scans.

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Posted By: MVSNYC

yes, please bid right here...

someone mentioned that the reserve is public, "why not start there?"...

let's just stick with the original plan, because i don't want to change the rules during the auction...plus, you guys can get some "warm up" bids happening prior to reserve...that way we can see the format take shape...

looks like we are all learning as we go here...

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Posted By: barrysloate

Okay- I would like to bid $250. How will my bid be recorded? If I want to leave a ceiling, how do I do it (and you neglected to answer my earlier question)?

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Posted By: MVSNYC

barry- i respect your input, i am learning as i go here...consider this like a "LIVE" auction...no ceiling bids...if you want a ceiling bid of, let's say, $1300, then just either bid that now, or what until close to the end...

again, i am trying my best to keep it simple...

p.s. your bid of $250 is noted, that is the first & current bid...

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Posted By: Bobby Binder

The only way for this to work is to install proper software somewhat like eBay. I suggest that it is a weekly auction and all new listings start on Monday and close every Sunday night in 2 minute increments, No extended biddings just a straight forward auction.

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Posted By: Joe D.

the auction ends when there are no more bids for 10-minutes.

IMO:
the rush to bid before it ends is a rediculous eBayish process. Extending the auction is better for the bidder and the seller and is one of the things that makes auction houses better than eBay.

It is very easy to see a 10 minute gap in bids since each post is time stamped.

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Posted By: MVSNYC

bobby & joe D.- i appreciate your thoughts, but there is a seperate thread for the "concept & suggestions" of a NET54 auction...

this thread is an actual test auction, that is live, current bid is $250.

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Posted By: barrysloate

Michael- I know that you are winging this, but as your friend I have to tell you to devise some very specific rules for how it will end...or you will get two people who say "no, I won the card" and you will have a huge headache. And I still can picture how this will end. Will you get ten emails at 7:59 with bids from people who have no clue what the status is?

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Posted By: jim loewke

$300

Jim Loewke

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Posted By: barrysloate

First thought: bidders don't have much privacy here.

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Posted By: MVSNYC

barry- i hear you, that's why i thought to make the rules, that the auction ends at the exact hammer time 12:25pm next saturday...all bids need to be posted prior to that exact time...highest bidder wins, and in the event there are multiple bidders near the end with the same exact amount (assuming that might only happen in the last minute)...to be fair, it will have to goto the first person to post that amount...

i'm just trying to do something fun & cool for us on a lazy saturday...

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Posted By: rob

my bid is $400.

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Posted By: leon

Please do me a favor and discuss this on the thread I just started...to at least keep it organized....whatever ya'll want is fine by me except for the few easy things I said to start that thread....Again, I am only trying to help....

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Posted By: J Levine

I bid $400.01

No increments set.

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Posted By: jim loewke

$500

Jim loewke

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Posted By: MVSNYC

i agree with some that this might have been rushed...but it is a test run, and rules were set...i will stick to my word and rules...

since it wasn't established prior to the first bid...we will continue with no increments. bid what you wish, highest bid wins.

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Posted By: Brad Green

How much is shipping? Insurance?

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Posted By: MVSNYC

because we are "semi-winging" this here, i will pay for insured fed-ex overnight!

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Posted By: barrysloate

$503.12...I'm bored.

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Posted By: Rick McQuillan

Hi, since your reserve is $905, let's quit messing around. Please record my bid of $905.00.

Thank you,

Rick

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Posted By: barrysloate

My bid held for about three seconds.

Michael- keep in mind if you don't get a bid for a day or two, this thread will slip to the second page. Just another thing to consider.

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Posted By: Steve f

Dagnabbit, how did we miss this thread. Oh well... Looks like good laughs.

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Posted By: fessgreg

feel sorry for you mvsnyc. nobody is talking about the advantages here: no call backs thru the nite,no buyers commission,free shipping. that being said i don't think this will work. how do you hold people accountable for paying? They'll be too many complaints just like there is now. You'll probably be using BST eventually. Good luck, MVSNYC

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Posted By: MVSNYC

fess-

i hear what you are saying, but just thought i would use the DRUM as just an experiment...we'll see how it goes...if i don't get payment from the winner, then he/she simply does not get the card, and i will gladly sell it to one of the many people who have shown interest in it recently...

thanks, be well.
MS

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Posted By: Steve f

Like someone's dumb whoopy to stiff a seller from NYC!

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Posted By: Al C.risafulli

Did I win?

-Al

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Posted By: MVSNYC

...not yet Al...

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Posted By: Al C.risafulli

I was just kidding - I didn't bid.

-Al

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Posted By: Dave

Is there still no increments or do they kick in at a certain point?

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Posted By: MVSNYC

because the auction was started without any increments, i will just keep it that way...if you post "905.01", then you are the high bidder...for now.

Best-
MS

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Posted By: dan mckee

I bid $1001

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Posted By: MVSNYC

Less than 2 days left...high bid is $1001.

Good Luck,
MS

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Posted By: MVSNYC

about 4 hours left...high bid is $1001.

good luck!

MS

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Posted By: MVSNYC

congrats dan! you won the card for $1001, a great price IMO...i just sent you an email with my information for payment.

looks like the rest of you slept in this morning, oh well.

thanks Leon for letting this first auction take place...i think overall it went well, now i will let all the critics say their peace and i'll sit back and wait to see if & how you guys proceed with any future auctions...

best-
MS

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Posted By: leon

If Dan doesn't want it there is a gentleman that has been having trouble logging in that would have placed a bid for a little more....but it will go to the winner in the thread first so everything is fair and square....take care....and let me know if anything changes....best....leon

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Posted By: Steve f

Mike, Great fun, Do another?!

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Posted By: fessgreg

i hope the buyer and seller are both satisfied in the auction. Signed Greg

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Posted By: MVSNYC

thanks leon-

according to email correspondance, sounds like Dan & i are going forward with the transaction.

thanks to all!

MS