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

[perezfan]

First off, nobody here is bitching. This is a significant change, and I expressed that I was "just a tad" concerned with the policy change. Some people (not on net54) will miss or overlook the changes. It's not a matter of "favoring" the east or the west. Of my 12 consigned lots, 2 have still garnered no bids. And both are worth significantly more than the starting bid amounts. The other 10 lots are also pretty stagnant. And yes- I've been through enough of these to know that most bidding occurs at the end.

That said... not everyone reads the periodic emails or the fine print within the printed catalogs. Others inevitably may notice the Noon closing time, but fail to realize that's Eastern Daylight Time. As for waiting until the very end to bid... many prospective bidders (with finite budgets) are outbid beyond their means on their top-tier items. Subsequently, they search for/shift to lots with one or no bids, late in the game. Often, auction houses will even send email blasts, highlighting these "overlooked" items. Goldin just did it today. I suspect this happens more with memorabilia than with cards, so perhaps that's why some here aren't grasping the concept.

With the 9 AM closing, those are the potential concerns (as a consignor). As a bidder, it's obviously more beneficial. No big deal... just minor (yet legit) concerns, given the rather significant change in policy.