REA Losses

[paul]

We always have threads about major auction house wins. This one is for losses. I really thought I had a good chance at the N142 Duke cabinet of George Davis, which happens to be his rookie card. It was at $1,000 at the start of the day. It went for $4,700 plus the premium/penalty. The next bid, with the premium and tax would have been $6,200, so I dropped out. I'll probably regret it tomorrow, but my wife's happy I didn't spend the money.

[Svabinsky78]

I have all the 57 Topps HOFer rookies minus the Brooks. I have been watching one of the PSA 7s. I ended up placing a bid of $1250. At $1250, with buyer's premium and taxes, it would come out to slightly over what the last few comps sold for on eBay. It was a nice example, so I was ok paying a bit over the comps. Enter the dreaded extended bidding. The card ended up selling for $1400. I stuck to my $1250. At $1400, with taxes, buyer's premium, shipping, $1850. I just wasn't willing to pay that much


I wonder if REA auctions in general realize higher prices for cards, just because as a well known and advertised auction house, it gets more foot traffic and consequently more competition as opposed to some smaller auctions, i.e., Sterling.

[Snapolit1]

Believe they definitely get higher prices on many cards. Well run top notch AH,
and to many bidders it’s an honor to win something with them. Validation they are playing in the big leagues.

Originally Posted by Svabinsky78

I have all the 57 Topps HOFer rookies minus the Brooks. I have been watching one of the PSA 7s. I ended up placing a bid of $1250. At $1250, with buyer's premium and taxes, it would come out to slightly over what the last few comps sold for on eBay. It was a nice example, so I was ok paying a bit over the comps. Enter the dreaded extended bidding. The card ended up selling for $1400. I stuck to my $1250. At $1400, with taxes, buyer's premium, shipping, $1850. I just wasn't willing to pay that much


I wonder if REA auctions in general realize higher prices for cards, just because as a well known and advertised auction house, it gets more foot traffic and consequently more competition as opposed to some smaller auctions, i.e., Sterling.

[RhodeyRhode]

Holy prices... The bids late day Sunday and into live auction to move the prices...my goodness

One Ruth 4k moved to over 20k

Crazy numbers again, just when you thought things were slowing

[ejharrington]

I see absolutely no signs of softening prices for the vintage stuff I collect.

[Leon]

All losses here. I need more money LOL....
.

And just because I don't want to feel left out here is an REA when from 4/1/21.

[bobbyw8469]

Originally Posted by Svabinsky78

I have all the 57 Topps HOFer rookies minus the Brooks. I have been watching one of the PSA 7s. I ended up placing a bid of $1250. At $1250, with buyer's premium and taxes, it would come out to slightly over what the last few comps sold for on eBay. It was a nice example, so I was ok paying a bit over the comps. Enter the dreaded extended bidding. The card ended up selling for $1400. I stuck to my $1250. At $1400, with taxes, buyer's premium, shipping, $1850. I just wasn't willing to pay that much


I wonder if REA auctions in general realize higher prices for cards, just because as a well known and advertised auction house, it gets more foot traffic and consequently more competition as opposed to some smaller auctions, i.e., Sterling.

Bingo...you are paying an REA premium.

[mrreality68]

All loses here also. And interesting that many prices seemed low going into extended time and seemed low most of extended and they popped more than they normally do

Oh Well on to the next auction and so many there are this month

[nwfsteve]

0 for 4. I thought I had a real nice T206 Mathewson white cap PSA 4.5 at well below market but just above what I could afford til about 12:30 a.m. Was feeling hopeful, but then, bupkis. I'll keep putting my bids out there because you never know when lightning might strike.

[toledo_mudhen]

0 for 6 here.....

Bid on several of the T206 Lots - all went way higher than I was willing to pay

REA is pretty much always more work and $$ than it's worth

[h2oya311]

0 for 3 for me! Not even the bridesmaid for any…

[puckpaul]

Originally Posted by paul

We always have threads about major auction house wins. This one is for losses. I really thought I had a good chance at the N142 Duke cabinet of George Davis, which happens to be his rookie card. It was at $1,000 at the start of the day. It went for $4,700 plus the premium/penalty. The next bid, with the premium and tax would have been $6,200, so I dropped out. I'll probably regret it tomorrow, but my wife's happy I didn't spend the money.

Yeah…i was eyeing that too and dropped out earlier than you. It had paper loss on his face. Still a nice tough card. Oh well. I did win the Nash.

[paul]

Congrats on winning the Nash! I was surprised how close in price the Nash and Davis were early in the day. But they finished far apart.

[puckpaul]

Originally Posted by paul

Congrats on winning the Nash! I was surprised how close in price the Nash and Davis were early in the day. But they finished far apart.

Thanks. But wow, i went to bed with the Delahanty at $24k, closed at $45k!! Hope that bodes well for mine, though i would like to buy the other two to complete instead of selling it any time soon.

[BioCRN]

I thought I was a little crazy bidding 7K (before fees) on a SGC 1 1888 Goodwin Champions Cap Anson. It finished at 9K.

Mostly clean front, notable paper loss on the back...still, wow.

A PSA 3 went for $25,800. Phew...

[bandrus1]

Originally Posted by BioCRN

I thought I was a little crazy bidding 7K (before fees) on a SGC 1 1888 Goodwin Champions Cap Anson. It finished at 9K.

Mostly clean front, notable paper loss on the back...still, wow.

A PSA 3 went for $25,800. Phew...

the 1 kelly was equally wow