Ebay vs Auction houses

[Leon]

Originally Posted by packs

My point is that if I bid my max bid before time runs out and I'm winning the auction when time runs out, I should be the winner. Someone shouldn't be allowed to have a second chance at the item just because they placed an initial bid but didn't outbid me in regulation time.

That's what I'm referring to by stealing an item. It's like if eBay allowed sellers to wait until an auction ended and message everyone who bid to ask if they were sure they didn't want to pay more money now that they know what the item sold for. A second chance bid is different from a max bid.

If you were a consignor you would want extended time...again and again.

[packs]

Sure but I'm just talking about bidding. An auction is an auction because it has a set ending time and duration. If you're going to set an ending time that isn't really an ending time why call it an auction? It's more of a best offer system. When you gamble its a one shot deal. You don't get to put more money on top of your bet after you find out you won or take some off the top after you find out you lost. If you place a max bid and get outbid in regulation time but get to change your mind later, that's something other than an auction to me.

Just my opinion. Not looking to change the world.

[cubsfan-budman]

have you ever watched a live auction? they go on as long as someone is bidding.

[packs]

Yes but imagine if after the live auction they decided to hold another live auction the next day to see if there were people who were willing to pay more. These are just my opinions and I'm clarifying my thoughts. I'm not saying what I think is right or what you think is wrong.

[cubsfan-budman]

An auction is an auction because it has a set ending time and duration.

not all auctions have ending time and duration. you're just stuck on ebay.

[olrac44]

I have a friend who buys T-206's. He looks to buy large lots of PSA Graded T-206's. Since he's so far along he usually accumulates doubles triples etc. (At one point he had 12 Hal Chase Blue Back Portraits from PSA 3 to 6) He's too busy to list on ebay. So I got him to take all of his extras to Baltimore. One Auction house gave him a very nice cash advance on his cards so he could go purchase other T-206 cards he needed.

Cash advance is another reason for auction houses.

[e107collector]

My opinion - I think many collectors have a sense of security and peace of mind when buying large $$ items from an auction house over Ebay. They know they will get an authentic item, and don't mind paying a little more money for it.

Just my 2 cents.

Tony

P.S. - I'm not saying that all ebay sellers are ripoffs. There are some great sellers on ebay - just sayin.