the list (of criminals) is revealed

[Exhibitman]

Originally Posted by rats60

That is good for you if you want to stay up all night. You ignore the people who go to bed with the high bid, but get sniped by someone who stays up all night. The consignor ends up losing money because one of his bidders is asleep and can't respond to the higher bid. Those auction houses that want all lots open to 4am are losing my business. I am more than happy to give my business to those like Heritage who close lots with no bids for 30 minutes or by live auction. It is not worth my time to sit around waiting to see if I get out bid.

Wrong answer. If the auction closing time is the issue, set a firm closing time, say midnight, but close all lots at the same time so anyone who is topped on a lot during OT can reroute to the next lot on his list. I reiterate: any time you close lots individually you cost the consignor money if there is someone who would have bid on a lot once he was beaten on a more desirable lot but was shut out because some lots closed earlier than others. I have been that someone more than once.

And as others have pointed out, the rules at Heritage allow for bidding practices that may result in a price being run up:

"The Auctioneer, its affiliates, or their employees consign items to be sold in the Auction, and may bid on those lots or any other lots."
"If a lot bearing estimates fails to open for 40–60% of the low estimate, the Auctioneer may pass the item or may place a protective bid on behalf of the consignor."

[WindyCityGameUsed]

Administrator

Some additional upgrades have just been made to the forum! Here are 2 big improvements we've made...

1) The Collector to Collector and Items Wanted section will now require member log in. As I'm sure many of you have experienced, there are a lot of lurkers on the forum. Personally I've always been caught off guard and cautious, when I'm approached about an item by a non-member. Buying and selling should feel safe. We firmly believe that only members should benefit from this unique, free venue to buy, sell and trade.

2) You will now be able to edit your own posts. You can edit your posts for about 10 minutes after you've submitted them. I know this has long been a heartburn for members. This will allow you time to correct errors or add additional information.

As always, we'll keep looking for ways to improve your experience. Thank you to all the members that have suggested these two important updates.

Doug Reiser


If I showed up on a shit list I would think I would have better things to do than have my pet monkeys pulling chains

This from a henchman who never once posted memorabilia or probably collects anything except $$$$$$$

"Lurkers" LMFAAAAAOOOOO

Ron Kosiewicz

[chitown-authentics]

Hahahahahahahahhahaa!!!!!!

[chitown-authentics]

That was some funny shit!!!!Great Pic!!!!LMFAO!!!!

Originally Posted by WindyCityGameUsed

Administrator

Some additional upgrades have just been made to the forum! Here are 2 big improvements we've made...

1) The Collector to Collector and Items Wanted section will now require member log in. As I'm sure many of you have experienced, there are a lot of lurkers on the forum. Personally I've always been caught off guard and cautious, when I'm approached about an item by a non-member. Buying and selling should feel safe. We firmly believe that only members should benefit from this unique, free venue to buy, sell and trade.

2) You will now be able to edit your own posts. You can edit your posts for about 10 minutes after you've submitted them. I know this has long been a heartburn for members. This will allow you time to correct errors or add additional information.

As always, we'll keep looking for ways to improve your experience. Thank you to all the members that have suggested these two important updates.

Doug Reiser


If I showed up on a shit list I would think I would have better things to do than have my pet monkeys pulling chains

This from a henchman who never once posted memorabilia or probably collects anything except $$$$$$$

"Lurkers" LMFAAAAAOOOOO

Ron Kosiewicz

[dhernandez]

Originally Posted by WindyCityGameUsed

Administrator

Some additional upgrades have just been made to the forum! Here are 2 big improvements we've made...

1) The Collector to Collector and Items Wanted section will now require member log in. As I'm sure many of you have experienced, there are a lot of lurkers on the forum. Personally I've always been caught off guard and cautious, when I'm approached about an item by a non-member. Buying and selling should feel safe. We firmly believe that only members should benefit from this unique, free venue to buy, sell and trade.

2) You will now be able to edit your own posts. You can edit your posts for about 10 minutes after you've submitted them. I know this has long been a heartburn for members. This will allow you time to correct errors or add additional information.

As always, we'll keep looking for ways to improve your experience. Thank you to all the members that have suggested these two important updates.

Doug Reiser


If I showed up on a shit list I would think I would have better things to do than have my pet monkeys pulling chains

This from a henchman who never once posted memorabilia or probably collects anything except $$$$$$$

"Lurkers" LMFAAAAAOOOOO

Ron Kosiewicz

this is Hilarious
in pic: da rev and Mr.Muggs aka ______________ (fill in the blank)

[WindyCityGameUsed]

Originally Posted by dhernandez

this is Hilarious
in pic: da rev and Mr.Muggs aka ______________ (fill in the blank)

Spot on Brody

I found another picture from the Clown College yearbook of papa with his #1 trained monkey

[mickeymao34]

Originally Posted by WindyCityGameUsed

Spot on Brody

I found another picture from the Clown College yearbook of papa with his #1 trained monkey

Martin N Lewis was one of the sickest comedy teams in the biz!

[dhernandez]

In light of "The List" being revealed. Does this open letter make everyone feel better?

[Leon]

This thread is over. Start a new one.

[jefferyepayne]

Originally Posted by Exhibitman

Wrong answer. If the auction closing time is the issue, set a firm closing time, say midnight, but close all lots at the same time so anyone who is topped on a lot during OT can reroute to the next lot on his list. I reiterate: any time you close lots individually you cost the consignor money if there is someone who would have bid on a lot once he was beaten on a more desirable lot but was shut out because some lots closed earlier than others. I have been that someone more than once.

And as others have pointed out, the rules at Heritage allow for bidding practices that may result in a price being run up:

"The Auctioneer, its affiliates, or their employees consign items to be sold in the Auction, and may bid on those lots or any other lots."
"If a lot bearing estimates fails to open for 40–60% of the low estimate, the Auctioneer may pass the item or may place a protective bid on behalf of the consignor."

There's no perfect format and I think each closing method can result in a bidder getting hosed:

1. Close lots individually - may result in money allocated for auction not being spent due to some auctions of interest closing and then not winning later lots. May miss lots if you don't realize the auction is a lot by lot closing and log in later.

2. Allow auctions to go late until bidding slows - may result in unscrupulous AHs bumping up bids to your Max bids if they know what those are. Also doesn't allow bidders to change their mind on their "max" after they are outbid and asleep. Also hard for those on the east coast with jobs outside the hobby.

3. Close at a set time - lots and lots of snipes at the last minute that doesn't allow someone to change their max and bid more later. Also may surprise bidders who don't realize there is a set close time.

My personal preference from a bidders perspective is:
Approach 3, 1, 2.

I've never seen any research or studies that say one of these approaches is better/worse for consigners than the others. The general perception is that letting the auction run all the way to its inevitable end is best for consigners but, again, never seen any research that says this is true.

jeff

[SyrNy1960]

.