Quote:
Originally Posted by mrreality68
I have mixed feelings about it.
REA has been an excellent auction house for me and I have both consigned and bought cards thru them.
Several months back I consigned several cards including a 1951 Bowman Mantle (bought it when I lost my focus from my collection and went to sell it).
I figured it was a safe and easy sale since it is Bowman Mantle.
REA had 9 Bowman Mantles all within 1 Grade of my Card (Both SGC and PSA) including some with half grades.
The end result is that mine and other cards that auction went for less then prior auctions and auctions from other auction houses that had Mantles but not as many.
My opinion is that since so many so close the number of bidders were spread out and many if they did not get the one with the one appeal they wanted (because they were outbid) had others very close and did not get into the potential bidding war that drives up price.
I took a loss. Part of life of collecting of making some money and losing some money.
Never had that type of experience (maybe because my focus items are a little less common)
But bad taste month and now hesitant to put certain cards in certain auction houses that I know do this.
I know they potentially cannot hold cards over to their next auction but they should give the consigner the option. If they are the same card but big difference in GRade or Eye Appeal than it is not an issue.
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That is my thought as well that there is less competition over one card since there are so many others to bid on so prices are not going to be as high. Good for buyers but not for the consigners or the AH which is why I am surprised they don't try to limit the amount of the same card in the same auction.