REA Fall Auction Ends TODAY With New 12 PM Noon Eastern Deadline For Initial Bids!

[Snapolit1]

Originally Posted by base_ball

There was a surprising number of lots with zero or one bid in this auction. In Lelands recently closed auction a stunning one third of the lots had zero or one bid. This trend is now widespread in the sports auction memorabilia business due to rising opening bids/reserves following the prosecution of the Mastro Crime Family.

80 lots of 2300 do not have a bid. Any many items in most auctions have 1 bid. Doesn't seem significant to me at all, as many of the 80 are obscure pieces of memorabilia. No offense but it seems like you have some kind of agenda you are straining to advance.

[base_ball]

Originally Posted by Snapolit1

80 lots of 2300 do not have a bid. Any many items in most auctions have 1 bid. Doesn't seem significant to me at all, as many of the 80 are obscure pieces of memorabilia. No offense but it seems like you have some kind of agenda you are straining to advance.

Simply an observation that opening bids have been hiked over the past few years.

[spacktrack]

In case there is any delay in the distribution of the FAIR WARNING email, which was sent a few minutes ago:

The auction closing is imminent. Bidding has slowed down and the auction is drawing to an end. We recommend you get your bids in now and utilize Honest Auto Bid to avoid disappointment.

THE AUCTION WILL CLOSE WITHOUT FURTHER WARNING!

IT WILL NOT GO UNTIL MIDNIGHT EASTERN!

Thanks to all for participating!

[rainier2004]

Great auction Brian, always top notch. Good luck on future auctions as well bring us the goods.

Hope everyone did well...and that may mean winning nothing.

[scooter729]

Originally Posted by Snapolit1

80 lots of 2300 do not have a bid. Any many items in most auctions have 1 bid. Doesn't seem significant to me at all, as many of the 80 are obscure pieces of memorabilia. No offense but it seems like you have some kind of agenda you are straining to advance.

This is just a bit of a change from REA auctions from several years ago, where starting bids were rock bottom and a 2,000 lot auction literally may have 2-3 items not get a bid. I didn't see it as an agenda from the post or an issue with the auction, just an observation.

[Snapolit1]

Originally Posted by scooter729

This is just a bit of a change from REA auctions from several years ago, where starting bids were rock bottom and a 2,000 lot auction literally may have 2-3 items not get a bid. I didn't see it as an agenda from the post or an issue with the auction, just an observation.

I guess I was having a hard time making the connection between RE's opening bids and a reference to some other dude in jail. Maybe I didn't have enough coffee.

[Jersey City Giants]

nabbed one of the lots I was targeting, thought the price was fair.

[Leon]

I remember being the under bidder on this card,

http://bid.robertedwardauctions.com/...e?itemid=41538

this time it went for about $8k less.

Overall I thought the prices were about right. However, if you get into a bidding war with someone, when it is time to sell, you might be caught a bit short, (especially if you are a total A-hole and people remember) .

[1952boyntoncollector]

Originally Posted by Leon

I remember being the under bidder on this card,

http://bid.robertedwardauctions.com/...e?itemid=41538

this time it went for about $8k less.

Overall I thought the prices were about right. However, if you get into a bidding war with someone, when it is time to sell, you might be caught a bit short, (especially if you are a total A-hole and people remember) .

if prices are falling you would think there would be more incentive to do direct deals to attempt to make up for that 20 percent juice. I know the total sales of my cards with bp were a bit more than i paid in direct deals but i lost money due to the buyer premium. All of my items were purchased in direct deals so i guess i pay well considering i lost money when selling them at an auction, but only due to the buyer premium as total sell price was a bit more than i paid

[Leon]

A lot of collectors don't want to think they are losing money selling privately and many buyers don't want to buy privately as they feel they can do better at auction. That is the reason for auction proliferation. Buyers seem to think they can always get a better deal in auction when that is simply not true. Many times yes, many times no. Personally, I try to do whatever I think makes sense. I consign a little bit and also sell privately. Knowledge is key. I liked the way the new REA was done more than the old REA due to the ending time.

Originally Posted by 1952boyntoncollector

if prices are falling you would think there would be more incentive to do direct deals to attempt to make up for that 20 percent juice. I know the total sales of my cards with bp were a bit more than i paid in direct deals but i lost money due to the buyer premium. All of my items were purchased in direct deals so i guess i pay well considering i lost money when selling them at an auction, but only due to the buyer premium as total sell price was a bit more than i paid