CLOSING TONIGHT - Love of the Game Auctions

[Shoebox]

Originally Posted by BeanTown

I see two bids

Poor planning on my part. I placed an initial bid for the minimum and then placed a second max bid. Both bids were placed by me.

[slidekellyslide]

Stayed up until 2 AM, went to bed high bidder, woke up a loser.

[4815162342]

Originally Posted by slidekellyslide

Stayed up until 2 AM, went to bed high bidder, woke up a loser.

Basically the same here. I guess I'm going to pretend I'm back in college and start pulling all nighters; a (what I thought was a) high max didn't do the trick.

[Stonepony]

Originally Posted by Shoebox

Poor planning on my part. I placed an initial bid for the minimum and then placed a second max bid. Both bids were placed by me.

That's actually an excellent plan

[Snapolit1]

I guess from the point of view of the AH the "let's keep it going all night" routine is to maximize profits with the belief that if I am outbid on the item A at 4 am I might just move on, with that cash freed up, raise my bids on items B and C. I guess that's the logic. But conversely if I really want item A and am afraid it will close earlier I might come in with a much high maximum bid or bid more often at a reasonable hour to protect myself as much as I can.

I suspect that when most people lose items at 4 and 5 am they are fast asleep and aren't doing much of anything besides sleeping. Maybe not true for the top line rarities.

I would have gone high on that cool Ruth exhibit card than I did but wasn't conscious when people starting pushing their chips in towards the middle of the table.

[Stonepony]

Originally Posted by Snapolit1

I guess from the point of view of the AH the "let's keep it going all night" routine is to maximize profits with the belief that if I am outbid on the item A at 4 am I might just move on, with that cash freed up, raise my bids on items B and C. I guess that's the logic. But conversely if I really want item A and am afraid it will close earlier I might come in with a much high maximum bid or bid more often at a reasonable hour to protect myself as much as I can.

I suspect that when most people lose items at 4 and 5 am they are fast asleep and aren't doing much of anything besides sleeping. Maybe not true for the top line rarities.

I would have gone high on that cool Ruth exhibit card than I did but wasn't conscious when people starting pushing their chips in towards the middle of the table.

My view has always been that if you lose out on an item at 4-5am...you didn't bid enough and someone wanted it more. If I was consigning I'd want the auction to go long. Just my opinion.

[Exhibitman]

My consignments picked up extra bids well after midnight Eastern so roll all night as far as I am concerned.

When I saw these two results (not my consignments) my reaction was Holy $h**!

[Snapolit1]

Love the exhibits. Got one of the mixed exhibit cards with Ruth and the actors.

As far as the Ruth card above, I may have bid $2700 at 11 pm if I thought I could call it a night and win before turning in. Like any auction you try to gauge the interest level in the audience in making your bid. The idea that you need to be up at 5 am or through the night is insane.

Would love an economist to study this notion. I think it's highly overrated and even could be counterproductive. Can you think of anything else we sell in our society in this way?

[LEHR]

Originally Posted by Snapolit1

As far as the Ruth card above, I may have bid $2700 at 11 pm if I thought I could call it a night and win before turning in. Like any auction you try to gauge the interest level in the audience in making your bid. The idea that you need to be up at 5 am or through the night is insane.

Would love an economist to study this notion. I think it's highly overrated and even could be counterproductive. Can you think of anything else we sell in our society in this way?

I went to bed at a normal time (around 11pm) and slept like a baby. I set an alarm and got up at 3:30 to watch the auction close. Won two items and went back to bed and again, slept like a baby. Now I'm up making breakfast and will head to church in a bit. No need to stay up all night just to play the game.

Late auction endings obviously (my opinion) put more money in the pockets of consignors and AH's and without those two we'd be back to the stone age of the hobby. I've read a plethora of threads regarding AH ending times over the years and the only thing that's clear to me is that there is no perfect way to close for everyone.

[glchen]

Originally Posted by Exhibitman

My consignments picked up extra bids well after midnight Eastern so roll all night as far as I am concerned.

When I saw these two results (not my consignments) my reaction was Holy $h**!

I was the winner for both of those cards. For the 4-1 Exhibit, I had three other color variations, so I really wanted to add this color tint. I was pretty happy with the price, to be frank.

For the 1931-32 Exhibits, I know that I overbid for that card. Myself and another bidder (who I think I know who it is) were going back and forth on that card in the wee hours of the auction. If I ever decide to sell the card, there probably isn't going to be another buyer willing to pay the price that I did. However, I "needed" the card for my Ruth collection, and had gotten blanked at the recent REA and Heritage auctions, so I had spending money I usually don't have.

[gabrinus]

Nice DJ.....I went after it for a little while but gave up..sold one a few years ago and wanted to see if I could get one back......Jerry