REA Fall Auction Ends TODAY With New 12 PM Noon Eastern Deadline For Initial Bids!

[1952boyntoncollector]

Originally Posted by oldjudge

I don't think the problem is initial bids. I think the issue is that for people on the West Coast the auction ends at 9 PM or earlier on a Sunday night. People are out and about on Sundays and many do not get home before 9PM. Also, I don't like hard closes or the possibility of them. I think this will lead to people being shut out at the end; I predict bargains.

right everyone can analyze all they want....the proof of any impact will be on the final sale prices..

[jefferyepayne]

Originally Posted by 1952boyntoncollector

right everyone can analyze all they want....the proof of any impact will be on the final sale prices..

Kinda like the bargains West Coasters usually get when we on EST have to get some sleep?

There's no perfect auction format. I vote for one when everyone doesn't need to drink red bull to play.

jeff

P.S. Go REA!!!!!!

[iowadoc77]

Originally Posted by jefferyepayne

Kinda like the bargains West Coasters usually get when we on EST have to get some sleep?

There's no perfect auction format. I vote for one when everyone doesn't need to drink red bull to play.

jeff

P.S. Go REA!!!!!!

I agree with this Jeff! I usually stay up way tooo flipping late. I like this better. On the downside, I will be distracted during my sons Sunday afternoon soccer game. And I am the coach...

[RCMcKenzie]

Record prices happen when folks are pittted against one another and one gets caught up in the moment. That's not gonna happen at 6 O'Clock on a Sunday evening. It only matters for the esoteric stuff. The graded Topps cards are like buying stocks or gold that have a daily value. It does sound like it's going to close around 11 Central and it would be good to just say that.

[philliesphan]

As someone based in London - this is the first time that an auction closing time will likely happen while I'm asleep.

It's been rather effective being able to get up in the morning with a clear head and bid as needed.

Now I'll be fighting to stay awake on any outbid e-mails in the extended bidding time.

m

[jefferyepayne]

Note I just got from Goldin starts with:

"We want to be as blunt as possible about the auction close tonight. Please be prepared for a LATE NIGHT. "

I vote for the REA way.

jeff

[1952boyntoncollector]

Originally Posted by jefferyepayne

Note I just got from Goldin starts with:

"We want to be as blunt as possible about the auction close tonight. Please be prepared for a LATE NIGHT. "

I vote for the REA way.

jeff

Buyers will like the REA way, but it takes good stuff to be consigned to make a great auction house so i not sure why an auction house would just cater to buyers and not sellers

of course if the prices realized are fine for consignors and the buyers love the the format than theres no issue either

[iowadoc77]

Originally Posted by jefferyepayne

Note I just got from Goldin starts with:

"We want to be as blunt as possible about the auction close tonight. Please be prepared for a LATE NIGHT. "

I vote for the REA way.

jeff

I agree with Jeff here. Time will tell, but I know I am looking forward to this format.
And... we will very likely not ever find the perfect formula. Many different opinions will continue to exist and many formats will be attempted.