Am I in the minority that thinks the partial Wagner going for $1.8m+ was really surprising? I mean, these days nothing should surprise me, but damn…that’s a hefty sum for 2/3 of a card.

I was after a few lower end Gehrigs, but happily was out bid.

Bill

What did that half one go for a few months ago, $470,000 ? Amazing !

Liked seeing the d304 Cobb get love-- always been my favorite prewar card. Between the beauty and how scarce it is, felt it was due for a run.

Yeah, I think you are right about T208/D359 based on how many times I remember seeing them up for sale (and the prices realized).

In other observations, it seems like Nap Lajoie is much more in demand than Eddie Collins. For two players of roughly equal ranking (and if anything, Collins is ranked a little higher), Lajoie seems to command higher prices when there are two cards from the same set and grade up for sale. Maybe there were other factors affecting the lots I was looking at and maybe it was just an anomaly for this auction.

Also, while there may be some SGC/PSA difference when it comes to rare type cards and stars, it is very noticeable when it comes to commons from widely collected sets. If you want a tough E card or a Ruth/Gehrig/Cobb/Robinson etc. you mostly just want that card for itself. But you usually want a Goudey/Leaf/Topps common because you are building a set...and the PSA set registry is a very powerful influence. (I guess I am just stating the obvious here.)

Nevermind

I am not sure why I am being quoted. There is a reference to ET3 and KD2 but nothing about T208 or D359 :D

REA auction
 

I've been looking for an Ed Delahanty card for months now; coming close a few times. I was finally able to win one.

T208s are wicked rare, more so than D359s generally (by a decent margin).

Really great pick up Leon.

I won these two. Super psyched for both. The 1896 Wagner pre-rookie did not get a hit during the original extended bidding on Sunday night and closed at 9:10 yesterday. Thus, I won it regulation without any bids after midnight Sunday. I think the Plank got 1-3 bids in the initial extended bidding (I had a high max bid so it just auto bid for me), and it go no bids on Monday and closed at 9:10pm.

Very few cards of the 40+ lots I was watching got bids on Monday (although a few did and they moved a lot), and maybe 3-4 got bids on Monday extending bidding.

Great pickups. No mistaking Honus in that pic. He looks a little bit like Coach K to me there and in the t206.

The extended time actually helped me, I was able to sell a card on the BST that provided extra funds used to make a higher bid on the T206 Lenox I was after. Couldn't be more pleased.

Rea
 

My first E107 - NYAL Germany Long and a Nadja NYAL that I probably overpaid for. The Long looked decent for the grade.

I really liked that Plank when I first saw it and was thinking about going for it. However I just couldn't knowing it was recently cut from a composite. Here's a scan of the composite as it was sold a few years ago.

Sweet! 👏

Completely agree.

I was fighting for it.....
 

Battling it out on a few, D304 Cobb at the top of the list, M110 Wagner behind it, T213 Lajoie among others - ended up the under bidder on all of the above. Landed the W600 Clarke (for what I thought was one of the best deals in the auction) and the Lionel Carter Wilson group of 16, kinda wish I went a little stronger for the others. Some of the hammer prices were staggering - though not unexpected in the current market. There were some super quality cards in this one.

I was watching Lionel Carter's Wilson Franks set because I remember when REA sold it not long ago (intact, as a complete set, in Spring 2020). It sold then for $14,400, and I was mad at myself for not having made a placeholder bid.

Last night, broken up into five lots, it sold for $34,740. Quite a return for a two-year hold.

Congrats on the Lionel Carter Wilson pickup. I didn't see them in person, but hovering over the cards on the scans, every card looks beautiful and undergraded.

I am very glad you and BRoberts could not bid on it, making it two less people to bid against. Each to their own.

No offense intended. It's a spectacular piece that fits wonderfully in your collection.

Salesman's Sample Successful Farming
 

That was a troll who had 4 posts and they have all been deleted and the troll banned.

IMO the US dollar is being debased due far too much liquidity in the system, due to Relief Programs and the like, bringing rising prices from a carton of milk to 1/2 a Honus. Now rising interest rates by the Fed will mean depressed bond and stagnant stock markets, while inflation will continue to soar. If people are now believing that sports cards are "admitted" assets in their personal finance plan, fine, but I hope folks aren't leveraging themselves to go after those Mike Trout shiny cards or Zion RCs. i believe there will be a day of reckoning for those and that is why I love my position in pre-War and 50's vintage. These cards may flatten when the correction comes, and it will, but I don't believe they will crater.
Oh, by the way, won a nice '48 Bowman Berra and a T06 Brown Washington variation with a Sovereign 350 back in REA's auction.

Nice to see the 54 Wilson Franks Williams finally getting some love.
_

Concur about the Wagner.

Didn't win anything I was really hoping for, but I did pick up both of the Walter Payton rookie cards with my "I can't let someone else get a good deal on these" bids.

LOL, no worries! But in this crazy price environment, I will accept whatever it takes to reduce the number of bidders I compete against

40 is the new 30...50 is the new 40...$10,000 for a bb card is the new 2K!

https://uploads.tapatalk-cdn.com/202...cde8aaf0cf.jpg
Happy to have picked up the Jax. Nice eye appeal for a 1.5.


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Wow. Just wow.

Glenn,

I think you just touched on one of the biggest differences between collectors and investors, and modern versus vintage collectors, and a primary reason why if/when there ever is a correction to the card hobby market it seems to invariably have a much less drastic negative impact on the vintage (especially pre-war) side of the market.

As you so aptly noted, a collector realizes the intrinsic value of vintage cards, and often will not hesitate to pick up more and more copies of the same or similar cards if the price is right, basically setting a floor value wise for them. Modern collectors/investors seem to be more into just the money aspect, without anywhere near the same connection and attraction to the cards and players themselves. When they see a certain modern player or type of card issue's value tanking, they're more likely to get out, and stay out. And if the dropping market is profound enough, they may even get out of cards entirely and look to other things to now invest in. An actual collector at heart is much more unlikely to ever completely abandon their cards and collections.

Happy with these
 

Was active on D304 Cobb General Baking, just couldn’t pull the trigger again…

Pete, great pick up.

Aaron, I love that Successful Farming - so tough.

Congrats to all on some great pick ups

Went 3 for 4, super happy with the results.
_

Very nice pickups Ryan

+1 agreed great looking Jackson

Congrats Pete

That's his brother Noseless Bob Jackson...

I abandoned my pursuit of the E94 Speaker’s despite how infrequently they come up for sale (and how much I love those cards) in favor of this. I was afraid I’d get priced out of these eventually and decided to make a move now.

https://uploads.tapatalk-cdn.com/202...3689b799b7.jpg



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Nice pick up Adam and a good call, Speakers are tough but they'll still be available at an affordable level compared to the Cobbs.

Service
 

REA's service still #1 in my book. Messaged my contact there today. My auction winning's already p/u'd by FEDEX and I will see pkg on Left Coast this Thur.

Compare to Mile High (who is generally reasonably swift). From payment date at the end of March, it took until 4/25 to receive auction winnings.

perspective...
 

Awesome Jackson RC, so nice for the grade.
Same for that red Cobb.

Those Old Judge Delahanty cards are fantastic and I hope to add one in the future; he is a figure who really captures the imagination.

Personal opinion is it’s too easy to say shit happens. AHs most important job is to make sure there is integrity in the process, mostly including the close. Before I say shit happens would like to know whether the AH had issues before and whether it took any actions to correct the problems with more capacity, etc.

Just suppose they had prior issues and did not take adequate corrective action. What are you going to do with that information?

1. Say it’s not a great house and they should do better either by investing more in infrastructure or doing smaller auctions or breaking up current auctions.

2. Still bid on things I want because they have the best or close to it.

But as others have mentioned, if ebay, Goldin or heaven forbid pwcc messed up an auction close there would be a lot less forgiveness/they made the best decision.

If auction houses lost money with one of these crashes it would never happen again.

Shit happens when it's sort of in your interest for the same shit to keep happening.

Reading the last 100 posts, overwhelmingly people are giddy with joy about the stuff they got. Wise man once said "stuff trumps everything."

And Peter said that, too. :)

LOL if the joke is what I think it is.

I'm usually pretty cynical but I really don't see the angle you're pursuing here.

No if, Goldin had repeat outages. I doubt anyone stopped bidding with them. I don't recall anyone thinking it was semi-intentional of them to keep not fixing it. I think people just thought they were incompetent/foolishly loyal to their then current provider.

BTW I think you're overlooking that the biggest concern of an AH is attracting consignments. No effing way is it in their interest to keep having crashes, probably nothing turns off consignors more than knowing or suspecting the AH's platform has problems. Consignors have LOTS of choices these days.

Peter, you’re one of if not the savviest collector out here but that seems crazy to me. If you’re a consigner, this is the AH you want. Hey, if we have any issues, don’t worry we’ll make a 21 day auction 22 days.

This is venturing on the absurd. Find me one consignor who prefers a dysfunctional AH even if their policy is to add a day in the event of a meltdown. And find me one AH that actually is happy when their system crashes or doesn't really try to fix it because it's a revenue booster.

When such technological problems first started occurring in some lesser auction houses here and there, it was bad news for them. But now over time it seems that eventually all the auction houses, especially some of the major ones, have ended up occasionally having a technology issue here and there (not every single one, but a lot of them). So, it ends up getting accepted and overlooked. Kind of along the same lines of what came out from your thread about the 3-year anniversary of the scandal. No one really likes it, but it also appears no one is specifically being punished for it either, and business just goes on as usual.

And not only does stuff trump everything, so does the money that pays for the stuff. REA still set some record prices, and how much more in bids did they bring in for some of their consignors because of the added day due to the tech glitch? These tech problems are not so new and isolated anymore that they end up having such a negative impact and stigma attached to the auction houses they happen to. At least I don't think so.

well - a mixed bag
 

My 24 mostly 19th century memorabilia and card consignments went up about 10,000. the second night primarily on 5/6 lots that continued to garner spirited bidding. Earlier there were strong prices on my early baseballs and partial sets. The Mantle lots I consigned went very high and I suppose I was quite giddy.
As a buyer my most wanted card was at 2000. at the original closing - about 15% below current values based on recent sales after the buyer's penalty and taxes. Despite my elation as a consignor I only bid on that one item going into the second night out of the 12 lots I had working bids on. It's one of two cards I need to complete a set I've been chasing over 25 years. For all that time I've managed to mostly hold the line. Not sure how it happened but I lost my sense of reason and I kept bidding until I "won" it at 3400. + juice - likely a record for that card in that grade.........

A few years back when REA has an outage on the auction ending night and they ended up waived all the shipping charges for that auction. Is it going to be the case this time given that extra night helped them to pocket millions more $. I am still waiting for an email for such announcement. :D

My invoice had normal shipping charges so looks like the answer to your question is no.

I don't think it's a given that the extra day of the auction resulted in so much additional bidding. Extended bidding usually sees plenty of action and the issues they had Sunday night prevented some number of people from being able to bid then. Just because a lot was bid up on Monday doesn't mean the same bidding wouldn't have happened on Sunday night during extended bidding if there hadn't been any problems.

While the extra day may have led to some people deciding to bid more, it is just as likely that others would have decided not to bid more because of what happened so the overall impact of the extra day could very well have been minimal or even negative.

Thanks guys, great cards by all. Ryan that Wagner pre-rookie is awesome, and love seeing all those rare back M101-4/5s and Lajoie, Aaron. Glad the card market continues to be healthy.


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If an auction is extended a day the house and many consignors make more money. Fact. Indisputable. And no one loses a penny. Sort of like a casino. In many ways.

I’m not saying anyone is doing this on purpose. I’m saying no one is losing any sleep over it. A nothing burger as we say now. The notion that this is some source of embarrassment is nuts.

And, yes, if I consigned the Wagner card (or any card worth huge bucks) I’d be THRILLED the auction was extended a day.

Speaking of which, I recently found some old REA catalogs?? Is there any interest here in something like that?

If an auction is extended a day for no good reason, then yes, the AH will likely make more money. However, when there is an issue that impacted (and likely prevented some) extended bidding, I don't think it's an indisputable fact that extending the auction a day will result in significantly different ending prices than if extended bidding was able to take place normally.

I'll willing to bet they got more bids overall the day after than they would have gotten naturally that night.

It's a meaningless bet because there's no way to know what would have happened had the site not had issues.

How is it an indisputable fact?

Read posts #170 and #214. Both seem to indicate that the extra day did foster additional bidding in some cases, and that is just from among the forum members that actively post on here. However, I would think the preponderance of REA bidders are not all active posters on here, and so the chance that even more instances of additional bidding on some other REA lots resulted from that added day are likely, I'm guessing, pretty darn high.

So, those two posts I referenced do seem to indicate that it is an indisputable fact that the one-day extension in this specific REA auction did lead to some additional bids. Now does that mean that such a bidding extension also resulted in additional bids in every other auction that has ever occurred where the bidding got extended for at least one additional day for whatever reason, no. But there is also no reasonable way to ever be able to prove or disprove that in every single instance.

And there is also no exact, agreed upon definition as to what constitutes a "significant" difference in an ending auction price. So, to make any such a statement that something is an indisputable fact, or not, when one of the determining parameters is such a subjective, and not objective, measure, is totally inappropriate. You can't indisputably prove or disprove anything that is a subjective measure.

That there were additional bids proves nothing. The same bids might have come in had there been no glitches and the auction stayed open until its natural close the previous night. To get technical, you need to compare the outcome with the "but for" world, not the actual world.

There was a shipping charge in my invoice, so I assume that’s not happening.

I won two lots. The one lot my bid from Sunday held up. The other lot I got into a bidding war I would not have gotten into if the auction had ended as planned. I put a bid in Sunday night and would not have bid again after midnight. I then decided to bid again monday night and went back and forth with another bidder. My late bidding on Monday drove the price up 2k from my previous bid early Sunday night. Had the action not been extended someone would have gotten a very very good deal on a a very rare card

I was bidding on four items Monday that doubled or almost doubled in price from the time of Sundays glitch. I was able to hang on and win one item but it was a bloodbath. The same run up may have happened on Sunday if everything had played out as planned so I'm not going to bitch about it.

Uh, because some of your fellow board members have indicated that they got into bidding wars over cards and wouldn't have engaged in same had the auction not been extended.

The PSA 1.5 1931-32 4-1 Ruth/Gehrig Exhibit price surprised me. Is there something with the issue? Or is it because of the Ruth/Gehrig price surge?

Uh, some of my fellow board members also said they were out, they weren't bidding again because of what happened.

Just curious, did you go back on Monday and bid higher on items that you wouldn't have on Sunday?

I personally DID NOT bid after sunday eve...and I lost the ruth card I wanted most by 1 bid. i'm sure some DID bid after sunday...and some did not?

Right, while some people chose to bid on Monday and say they bid more than they would have on Sunday night, others like you may have decided not to bid any more even if they were going to on Sunday night had there not been a problem. That's why I said earlier that it's possible the overall impact of the extra day could have been minimal or even negative. There's really no way to know when you take the reactions of all bidders into account, not just the handful posting on this board.

Personally, I bid on one item Monday that I would have continued to bid on Sunday night and ended up winning it for a price that I would have been comfortable at on Sunday night. Most of the other lots I had been bidding on got no bids in the extra day, but a few did.

This is why the plural of anecdote is not data.

Peter,

Robert's post #170 specifically says that if not for the additional day of bidding he wouldn't have had the chance to raise extra funds to bid more. I wasn't trying to prove anything, I was merely pointing out to another poster that the extended bidding did in fact result in additional bids, in this particular REA auction, that would not have occurred otherwise. I never stated, or even insinuated, that such additional bids resulted in higher ending auction prices, or that similar bids could not have come in had the original REA auction close proceeded with no glitches.

I then went even further to note and point out how the other poster's talk of "indisputable facts" was inappropriate because he was using a subjective measure ("significantly" different ending prices), which can never be definitively (and indisputably) proven or disproven. However, it was to also show support for that other poster's position that it absolutely is not an "indisputable fact" that an extended bidding period resulting from a tech glitch will automatically result in additional bids causing higher ending prices. Again, I merely noted that you can't claim something as an indisputable fact if it has any subjective component in it, which for the most part is what Jay was saying. I was responding to Steve's earlier post through Jay's response to that same earlier post, and addressing the way both of them were saying/presenting certain things.

So, "to get technical", what exactly did I say or do wrong? If you are incorrectly assuming or insinuating I stated or implied something that I did not, and just went to all the trouble to explain even more why and how I didn't, then so be it. I've already had the occasion on this forum before to go through the trouble of explaining my position and meaning on something, only to have someone come back and actively argue that I didn't mean what I had just said I meant. How the f@ck can that be, that my opinion and what I said I meant is not what I said and meant by it? Talk about trying to put words in someone else's mouth. But I digress as I'm sure that is not the case in this instance.

That's what I would assume, too. My opinion would be that REA probably got more money by this happening, but I'm not seeing it as intentional, nor do I think it's an "indisputable fact."

I put in a leading bid on Sunday at 10 and promptly got off my computer, so I missed a LOT of sturm and drang. By Tuesday morning, I was still high bidder, so either I'm lucky or I overpaid.

I wasn't attacking or disagreeing with you. I was just following up with an observation that the fact that there were additional bids on Monday -- which you had referenced -- does not, in and of itself, establish anything. Sorry if I wasn't clear.

Untrue in my case. Had the auction ended Sunday night I would not have bid higher, I had already been outbid and gone to sleep. Decided to bid higher on Monday and only had to bid one increment higher to win so there were no other bidders at that level or higher on Sunday.

It should not be lost in this discussion that REA, after the outage, immediately opened all lots back up again with the 10-minute timers going. I was watching while this happened and it's clear to me that many bids were placed at that time by people who thought that it would be their last opportunity. The announcement (unless I missed an email from them) of the 24-hour extension was not made until later.

I have a hard believing that they did not make a whole bunch more money because of the way this was handled.