Mayo John Dunlop Auction

[TanksAndSpartans]

Thanks Jeff. Another mystery (reason for Dunlop rarity). I thought you stayed away from the it because it wasn't in the holder you collected the rest of the set in.

Kevin, its not over - you can still get it. I talked to the AH yesterday. I'm not 100% sure what happened, but I think the jist of it was, the reserve was hidden at the start of the auction, so it did get bids, then towards the end the reserve was revealed and it wasn't met. I don't think that's typically how it works. A semi-hidden reserve I guess.

I think a 10K offer takes it. One other thing I'd be concerned about on this card beyond any impact the serious health issues of former NFL players may have on the future of the sport is the set itself. It is a college football set of players that won't be found in any HOF. I'm just playing Devil's advocate - from a football history point of view, I think it's significant. But, there's also a Mayo baseball set and I never got the sense it was hugely popular.

[jefferyepayne]

Originally Posted by DezHood

Kevin, its not over - you can still get it. I talked to the AH yesterday. I'm not 100% sure what happened, but I think the jist of it was, the reserve was hidden at the start of the auction, so it did get bids, then towards the end the reserve was revealed and it wasn't met. I don't think that's typically how it works. A semi-hidden reserve I guess.

That's pretty common in auctions that have reserves. At some point near the end they reveal the reserve to try and encourage people to push the price over the goal line. I personally don't like hidden reserve auctions to rarely ever bid on them.

[TanksAndSpartans]

Originally Posted by jefferyepayne

That's pretty common in auctions that have reserves. At some point near the end they reveal the reserve to try and encourage people to push the price over the goal line. I personally don't like hidden reserve auctions to rarely ever bid on them.

Interesting - I'm so used to eBay, I actually still get tripped up forgetting the BP sometimes . I don't like reserves either - gives me the feeling I may be wasting my time by bidding. I'd rather just see the reserve reflected in the minimum start bid.

[kevinlenane]

Why do you think 10k takes it though? So is what was displayed actually just the reserve? and this is why the bidding only went up to 5k? I dont get it

[jefferyepayne]

Originally Posted by kevinlenane

Why do you think 10k takes it though? So is what was displayed actually just the reserve? and this is why the bidding only went up to 5k? I dont get it

To be clear, the bidding was a bit above $10K but below the reserve amount when I looked at it a day or so before it ended. I think it STARTED at $5K.

jeff

[revmoran]

The information given when you click on history is confusing to me as well -

[TanksAndSpartans]

Originally Posted by kevinlenane

Why do you think 10k takes it though?

I think the seller wants to sell based on the conversation I had with the AH - I could be wrong - I said 10K because I knew the reserve was around there. What I'm not sure on is if it sells at auction, the AH gets the BP - I have no idea what they get if they broker a deal. If they get a percentage, the seller has to factor that into any offer.

[TanksAndSpartans]

Mike, I think I get it. The bidding went up to 5,200 "naturally". Then toward the end of the auction, the reserve of 10,650 was revealed. That's my guess at least. Did you ever get into the Mayo set?

[jefferyepayne]

Yeah, that is a confusing way to describe it! I didn't look at the bid history ... just the current bid and thought it was bid up to $10,650.

That card is definitely worth more than the $5,200 bid but this is exactly what happens sometimes when there are hidden reserves. People just don't bid it up as they feel bidding is kinda worthless if there's a reserve you're essentially competing against as well as everybody else.

jeff

[revmoran]

Originally Posted by DezHood

Mike, I think I get it. The bidding went up to 5,200 "naturally". Then toward the end of the auction, the reserve of 10,650 was revealed. That's my guess at least. Did you ever get into the Mayo set?

I did and then I sold most of what I had in the first BST auction - one or two didn't sell so I still have an example - I think they are really nice cards, but I just had too much stuff.