Can someone explain how Saco River live auctions work?

[t206blogcom]

Yes, you can leave bids in advance. It shows you the number of bids that have been placed, but not how your bid stands against other bids.

When auction is live, you can place real time bids, one lot at a time.

[GregMitch34]

You mean any lot even if you have not bid? And at what point do they close a lot?

[Harford20]

When the auction is live, they start bidding at either the minimum bid or the previous bid done on-line prior. For example (fictitious), if you are bidding on at SGC 1 T206 Cobb Red, with an opening bid of $200, placed your own ceiling bid of $400, the live-auction will start with the price to whereever your $200 bid has been bumped by other bidders, lets say to $300. Then when the live auction starts, it opens at $300, and when that lot # is ready, ANYONE can bid during the live time (it goes lot by lot, just like a regular auction). The auction close is also just like a regular auction, you get a "going once", "going twice" and "sold" and that lot closes and they move to the next lot. Most auctions at Saco seem to be won by people standing in the auction room rather than online, but if you bid high enough, everyone has a chance, even prior to the live auction (say you really wanted this Cobb and put your early ceiling in at $900, it may never get outbid even live).

Dave

[pawpawdiv9]

Agree. I use LiveAuctioneers for the Saco auctions. Most of the time, i place early pre-auction bids. The guys are correct, its just like a 'live' auction or a Barrett Car auction to name one. Once the hammer hits, its done and moves to the next one.
I had only 1 issue in the past, where somewhere else had placed a bid, tho mine was a pre-bid and never fully understood why i didnt win it, even with their kind response.
If your looking at their T206's they can go for good money, i think the group/lots can find a deal hidden or one of those hard to find commons.

[pawpawdiv9]

ANY WINNINGS???
I logged in around lot 30-ish, so i missed what some early lots went for. I had 2 bids in.
I did watch the WAJO portrait go for like 2,500. And then the Cobb batt/off, for those that knew, it had like 1/3 paper loss on the Piedmont back. Depsite the tobacco dots on the front, it still went for like 425?? i think.
I gave up after that.
I guess i wait and see if i did win anything in the early lots. GOOD LUCK for those still watching/bidding

[Sean]

The Walter Johnson portrait went for $3,000. Continuing my recent history, I was one of the underbidders.

[Donscards]

Originally Posted by Sean

The Walter Johnson portrait went for $3,000. Continuing my recent history, I was one of the underbidders.

Sean my friend was the underbidder at $2900---prices went fairly high--some bargains on common T206's---I was at the auction---They didnt have as many high end cards as previous, but when one did come up--it went top dollar.--I won 23 lots and did get the Carpenter OJ---I picked up the T205 SGC 45 Walter Johnson---The SGC 70 Bresnahan--a nice SGC 84 T206 Bill Burns--SGC 30 T206 Speaker---Those were my highlights----The Walter that went $3K was a beauty--with the juice, depending how u pay, it was around $3500---Don

[Thromdog]

Originally Posted by pawpawdiv9

I did watch the WAJO portrait go for like 2,500. And then the Cobb batt/off, for those that knew, it had like 1/3 paper loss on the Piedmont back. Depsite the tobacco dots on the front, it still went for like 425?? i think.
I gave up after that.

Had to laugh when I read that...... because I was the one who bought the Cobb. My first Cobb and it's by far my least favorite pose of the 4. I had a max of 400 initially but the bidding was out of order....one of the reasons I hate incremental bidding.

Based on what I've seen these last several months, I think the price was good for it, even with the back. The front looks nice for the grade. If I overpaid, it's not by much....

First Cobb. Yay me.

[Sean]

Jeff, if you can live with the back damage, I think it's a good buy at that price.

[btcarfagno]

Originally Posted by Thromdog

Had to laugh when I read that...... because I was the one who bought the Cobb. My first Cobb and it's by far my least favorite pose of the 4. I had a max of 400 initially but the bidding was out of order....one of the reasons I hate incremental bidding.

Based on what I've seen these last several months, I think the price was good for it, even with the back. The front looks nice for the grade. If I overpaid, it's not by much....

First Cobb. Yay me.

The front of that Cobb is beautiful. The paper loss on the back is very weird if I recall. Like very clean loss not from mounting in a scrapbook that tends to be messy looking. I remember thinking that it looked like something had been covering that part of the back when it was originally printed. Just my initial thought anyway when I saw it. Very clean paper loss if that makes sense.

Tom C

[Donscards]

Originally Posted by Thromdog

Had to laugh when I read that...... because I was the one who bought the Cobb. My first Cobb and it's by far my least favorite pose of the 4. I had a max of 400 initially but the bidding was out of order....one of the reasons I hate incremental bidding.

Based on what I've seen these last several months, I think the price was good for it, even with the back. The front looks nice for the grade. If I overpaid, it's not by much....

First Cobb. Yay me.

Talk about laughing---I consigned the T206 Cobb to the auction---I purchased it about a year ago in another auction house and paid more for it than it sold---You got a nice Ty Cobb Great front for the grade--the paper loss on the back held it back on the grade.