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

[Snapolit1]

Originally Posted by scooter729

This is just a bit of a change from REA auctions from several years ago, where starting bids were rock bottom and a 2,000 lot auction literally may have 2-3 items not get a bid. I didn't see it as an agenda from the post or an issue with the auction, just an observation.

I guess I was having a hard time making the connection between RE's opening bids and a reference to some other dude in jail. Maybe I didn't have enough coffee.

[Jersey City Giants]

nabbed one of the lots I was targeting, thought the price was fair.

[Leon]

I remember being the under bidder on this card,

http://bid.robertedwardauctions.com/...e?itemid=41538

this time it went for about $8k less.

Overall I thought the prices were about right. However, if you get into a bidding war with someone, when it is time to sell, you might be caught a bit short, (especially if you are a total A-hole and people remember) .

[1952boyntoncollector]

Originally Posted by Leon

I remember being the under bidder on this card,

http://bid.robertedwardauctions.com/...e?itemid=41538

this time it went for about $8k less.

Overall I thought the prices were about right. However, if you get into a bidding war with someone, when it is time to sell, you might be caught a bit short, (especially if you are a total A-hole and people remember) .

if prices are falling you would think there would be more incentive to do direct deals to attempt to make up for that 20 percent juice. I know the total sales of my cards with bp were a bit more than i paid in direct deals but i lost money due to the buyer premium. All of my items were purchased in direct deals so i guess i pay well considering i lost money when selling them at an auction, but only due to the buyer premium as total sell price was a bit more than i paid

[Leon]

A lot of collectors don't want to think they are losing money selling privately and many buyers don't want to buy privately as they feel they can do better at auction. That is the reason for auction proliferation. Buyers seem to think they can always get a better deal in auction when that is simply not true. Many times yes, many times no. Personally, I try to do whatever I think makes sense. I consign a little bit and also sell privately. Knowledge is key. I liked the way the new REA was done more than the old REA due to the ending time.

Originally Posted by 1952boyntoncollector

if prices are falling you would think there would be more incentive to do direct deals to attempt to make up for that 20 percent juice. I know the total sales of my cards with bp were a bit more than i paid in direct deals but i lost money due to the buyer premium. All of my items were purchased in direct deals so i guess i pay well considering i lost money when selling them at an auction, but only due to the buyer premium as total sell price was a bit more than i paid