REA Summer Auction is open
 

https://bid.robertedwardauctions.com/Lots/Gallery

Wow!

I’m sorry for outing them, but there are a few T206s available.

Time for my semi-annual plea for these auction sites to keep you logged in longer than 5 minutes.

Including a nice near set listed #25 on PSA registry.

Dammit, everyone needs to stop bidding against me.

Getting tired of this nonsense.

I'd publish a list, but that would just encourage people to bid against me even more.

Any one want to guess what the 1947 Bond Bread Jackie Portrait PSA 7 goes for?

I'm thinking 24K

There's definitely some eye candy. I bid on 38 different items and will be happy to win one or two when the smoke clears.

I'll take the over.

Apologies for my sarcasm. If that set is yours, good luck with the sale.

This was a 2k card less than a decade ago. The market has lost its mind. Nothing has changed to make the last sale of 62k make sense.

I certainly hope you're right, the higher the better for me. I have a 5.5 in that card

Obviously you don't have to say if you don't want to, but are you in on the PSA 8.5 1951 Bowman Mays, Nicolo?

HA.

Looks like a nice piece, for sure. But I'm going to sit pretty with my 8.0.

I'll let someone else pay the better part of a million clams for the 8.5.

We all have limits, and that much bread is more than I'm willing to deploy for a single piece of cardboard, be it ever so nice.

That and after my experience getting burned with my altered 54T Mays previously in PSA 8.5, my desire to climb the set registry ladder is greatly reduced, particularly on big cards.

I believe there is also a psa 8 in the auction sifting through the thousands of cards. Should bode well...or not

Yes, plus one at Heritage and one at Goldin, all running simultaneously.

Guess I should proof read. Was thinking 34K

WOW

Sensory Overload

Every where you look a WOW card

Many Cards/players I do not collect but the temptation is there are these rarities and goodies

Very curious what the T206 registry set ends up at. Some nice cards.

I’m intermittently scrolling through this auction for a dopamine rush.

Have you decided what you are going to do with the 54T Mays?

It's resting comfortably in my display case, in its new and glorious AA slab.

I have designs to replace it with something a little less obviously odious, although I'm in no rush to do so.

I was looking through the autographs in the auction and I saw the album page signed by Johnny Evers. It has one autographed that is listed as illegible, but it appears to me that it's John Bernard "Jack" Ryan, a player from the 1880s and 1890's. Does anyone else think that's who it is? He even lists his years with Boston.

My guess, Hammer : $325,000

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

Not ever too many steals in REA. Awesome auctions with awesome items but way too many eyeballs to get many deals much less steal anything from them. A couple times over the years made what I thought were real strong bids on a few of their 50s and 60s shoebox collections and just get creamed.

New money, flipper money, investment money, has found its way to the pre and post war market. PC collectors have had to pivot to stay interested or just pay the freight to add to our collections. What used to buy 3 cards now buys one.

Will make some people on here mad but Im ready for them to go away and find the next new shiny toy.

This ^^^^

We don't all have unlimited funds or are only interested in one item. Most people I know put in placeholder bids then see where things are on auction night. If I shot my best shot on every item I have some interest in and then accidentally won everything I'd have to sell my house to pay for them.

How is it a last five second situation when REA has a 15 minute clock? Why would any bidder push the lot up to a max with a week to go?

So you're saying the guy who bid 14K really thinks he's getting a 30K+ card for that? Bidders that wait the last few minutes to bid still end up paying a more realistic price (they won't steal it for 15K). These thirty day online auctions are plain dumb. If promoted right they can be done in a day. Look at MECUM Auctions, they auction off a 250K car in less than a minute.

More likely the guy who bid 14K did so to make sure he qualified for extended bidding.

Yup. I refer to this the giddy tax. There are certain auctions where there is a sense of pride collectors take in overpaying and participating. Nobody steals anything in REA...they generally pay up.

Price of card -- whatever.
Feeling of community -- priceless.

What’s the alternative? The high bidder should ask that his bid be changed to 30K today? It’ll get to the right number eventually. Why does it have to be on day 1?

And yes, 30 days is too long for an auction. But who tf cares? It will end soon enough.

Like the old AMEX commercials' slogan...membership has its privileges.

Rea
 

Gee (certain) folks- anyone envious much? People "take pride" in overpaying?
That's nonsense. I've won plenty of REA items despite not being made of
money, and not having the secret "membership" alluded to above. Isn't it
just possible that there are people who recognize quality and do their best
to win a coveted piece? Aren't cards an extravagant collectible market? (that
last word is important). The original post was merely a heads up that REA
opened- and apparently the floodgates with it. Good Lord, the whining is
unreal.

Trent King

As I am sure most of you know, the auction ends at some point tonight. Good luck to all bidders and consigners!

Alan

Rea
 

Alan- thanks, and right back at you! Trent King

I’ve got 5 lots closing tonight, so bid early and often!

Bidding seems strong on everything I’m chasing.

Lots of great lots

And lots of strong bidding going on

Be interesting to see what some members here win tonight

Lot.of time left...200k

The Signed Campanella '49 bowman is at an unbelievable 100k. The crazy price of the auction to me, wow. Awesome card.

LOL @ "bid early" three week auction and people want to bid last 30 secs

What am I not understanding? A lot's bid didn't change from 8P to 9:15... Why would it go to another 15 min ext bidding?

Yes it is. More irony from the King of Irony.

Rea
 

Lorewalker-

Stay in your lane. I'll PM you my "secret membership code" so you can take
part in the meetings, k?

Trent King

Pasted below are the bidding rules that were added to each lot listing at 9pm EST:

Extended Bidding! You may only bid on lots you have bid on prior. Bidding continues until no bids have been placed in the entire auction for 15 minutes. If the auction continues to 12AM ET every lot will enter a final 15 minute lot-by-lot close.


Brian

There were ZERO bids the first round of extended. Why would it go another 15?

No no, please do not do that King, I might end up being resigned to submitting 71 Hodges cards to SGC.

It is really too bad that my ignoring you is not enough for you to act civil. You really that angry, King?

If there is any bid on any item all items go to the extended bidding at 12. It’s only when the entire auction goes dead that it will end and that just doesn’t happen.

Reserve not met. Not sure if this message was there before the OT bidding started or not but I did not notice it until the 9:00 PM open bidding stopped.

As of 11:06 pm EST, “reserve not met”

Same!

edit: nm

First Uzit!
 

I won the Tommy Leach Uzit PR 1, my first Uzit and back of such rarity. I think this one looks good for the grade.

I have a centered SGC 7 54T Mays. Perhaps we can work out a trade?

I've always found within the variance of REA there are some pretty good deals. There were a bunch of items that went below sales history/card ladder suggested that I bowed out of for cash flow. The Sporting News Red Sox and W601 w Hoy went for less than half the gavel of recent sales. I also once consigned a Bruguera Ruth from Goldin to them, and it went for about 60% what I'd paid (then it was put up again, won by me, for even less, then flipped for about 30% more than I'd originally paid.)

Anyway, won the 7/11 Wilt Chamberlain which I'd wanted since I saw the first SGC 4 come up. Can't PC it, but it will be so cool to have for a minute.

Won the H572 set, which maybe has a Kenesaw Landis rookie? There are a few I'd PC, wondering if anyone grades them.

Won the Eastern Exhibit Schang. Just really like that image.

The lot of 2 panini calcio boxes, and the lot of 15 yogi berra day pins, which I know will make for 15 happy Yankees fans.

Rea
 

Lorewalker-

You have a strange definition of "ignoring". After all, you went out of
the way to quote me from a week ago just to send a snide comeback. I do
not think that word means what you think it means (a little "Princess Bride",
anyone?)

There are some wonderful people on this site, and then there are people like
you. I will give you this- you are likely the only sociopath in the little group
of angry repliers. Well done!

Trent King

Rea
 

srik- GREAT looking Uzit. Wow! Trent King

Congrats Srik.

That is a great looking 1.

Memorabilia continues to be all over the place.

Loved the Gehrig signed payroll check and has been a bucket list item for a long time. Couldn’t make it to midnight and was out bid by one bid. Price of 22K was a tremendous buy, as some of these in recent years have sold for over 30k. Probably less that a dozen of these.

Older I get the more impossible it is to deal with these late closings. Sucks.

If the buyer is on the board and wants to consider a trade of some sort let me know.

If anyone on here won the lot of 28 graded Red Hearts, I still need the Snider PSA 8 and would be interested in it if available for sale.

That's a beauty for the assigned grade!

Turns out, you wouldn't have needed the better part of a million clams after all. Meanwhile, the 8 didn't sell at all, and the 6 went for less than any has in a while. Not a good night for Mays rookies.

There were a few items I was interested in l/watching closely and they all met-to-crushed my expectation:

1933 Goudy Lajoie PSA 4.5 closed at $162?!?! Amazing card for sure, but that’s more than double what I expected

T206 Green Cobb Old Mill PSA 4 closed at $69k! Great looking example of a very tough combo, but that’s also almost double what I expected

T206 Magie error PSA 3 closed at $33.6k. It was a great looking example, but a little annoying since my 3, which was very nice in its own right, only brought $29.5k in ML’s spring auction. Considering I have a number of t206s coming up in their summer auction, I am trying to decide if it was condition difference that justifies the extra 10%, or does REA bring better prices on T206 than memory lane. I think it’s a little of both.

1906 W601 Detroit PC with Cobb, PSA A, closed at $11.1k. I figured it go for $10k-$12k, so spot on. Although I think this should be $60k+ item, given it is so super rare and given what the 1915 Red Sox (Ruth) team photo PC sold for…

1915 Red Sox (Ruth) Team Photo Post Card, PSA A, closed for $114k. Another same-graded and similar looking example sold for $75k, in REA, 4 months ago.

The 1914 CJs I was watching closed within range of what I expected - this continues to be a hot set.

It seems to me that higher-end prewar (player, rarity, set) is doing well given last night’s results. Plus, REA is a top-flight AH, so I would expect nothing less.

The Reserve was 300K. As a complete T206 set owner, of similar grade average- that ending was not what I wanted to see.

So $300K reserve becomes $360K to the buyer plus sales tax of another $20K or so depending on the state. This set missing 2 keys of the 520 is not worth close to $400K to a collector. Hence, no buyer. If it had been announced at the outset that there was a reserve, it would have saved a lot of bidding.

At least Heritage starts their auctions at the reserve if there is one. They would have started it at $300K and there would have been zero bids. Saves a lot of wasted time for bidders.

Was the reserve added later or at the beginning of the auction?

Heritage posts the reserve and raises the lot to the reserve 48 hours prior to the auction ending, not at the start. Although they might mention it has a reserve from the beginning.

Seems like all other Cobbs outside of T206 are doing well in low grade. The E95 went for a strong price. I also liked the RPPC but would have gone harder if it showed more of his face.

Generally, from what I have seen, they do not announce a reserve but start the item at a price that reflects the reserve. Maybe they do some both ways depending on the consignor's wishes.

At any rate, I want to know in advance if there is a reserve so I can ignore the auction because it is not an auction if there is a reserve. An auction indicates the high bidder wins the lot. That is simply not the case when a reserve is used.

I got murdered on everything I bid on except the 13000 card late 70s lot so I must of really overpaid for that one. Also of course it was by far the one I wanted the least.

Half a million seems like a pretty solid part of a cool million to me, and well outside of my threshold for deploying my limited resources.

Couldn’t say no

Hammer on the Bond Bread Jackie Portrait in a 7 was 35K. Based on that, what would a PSA 5.5 expect? Lows 20's maybe?

Angry is when someone takes a thread OT to attack someone out of the blue for their post that was made in jest. When was the last time you actually laughed or smiled? You are correct that there are some wonderful people on the board, you are not in that group. If you have anything else to say to me, big boy, send it in a PM and stop polluting threads.

I believe this was the highest price ever paid and this example was low grade.

Piedmont Art Stamps
 

Got blown out of the water on the large lot of 1914 T330-2 Piedmont Art Stamps. I’m not sure how that’s even possible. There were at least two others who wanted the lot more than I did (again, shocking).

If anyone here bought that lot and is only looking to hold onto a few of these or wants to unload some of their duplicates, I’d love to work out a trade or purchase with you.