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

[PhillipAbbott79]

Originally Posted by spacktrack

Under that scenario, the lot would be closed to new activity.

I don't recall seeing that in the auction rules any where. It may also promote people that think that the initial bid is close to what the market price is, and people rushing to call you to make the initial bid that "purchases" the item.

If I were a seller, I am not sure that I would like that. In general the opening bids are lower than they should be to ensure the items sell, but the side affect is that there is almost always competition to help push the price up.

The prices last night were very weak in my opinion but it is in no way the result of changing the format. The market is saturated and there are some big players that have dropped out. This trend of lower prices will continue on certain cards.

Some people may have gotten caught with their pants down, but I am sure today they will know what happened and why, and on the next auction it will not again. Either way, if you ask me, they have no reason to complain. The people who stay informed don't have issues, and the people that feel they are entitled do. It is up to the person to determine which they are and how important it is to them.

[Snapolit1]

After the exchange with RE last night, I checked out all the items with no bids. It seemed a # of them were withdrawn. Maybe sellers have the option to indicate whether they want their item yanked if no bids in regulation time or whether they are happy selling for the minimum in overtime.

[Snapolit1]

Prices seemed fair for the stuff that I was shut out of. I agree the market has been flooded lately with major auctions. Only so many people in the market for a 33 Goudey Gehrig PSA 7 or 8.

[1952boyntoncollector]

Originally Posted by PhillipAbbott79

I don't recall seeing that in the auction rules any where. It may also promote people that think that the initial bid is close to what the market price is, and people rushing to call you to make the initial bid that "purchases" the item.

If I were a seller, I am not sure that I would like that. In general the opening bids are lower than they should be to ensure the items sell, but the side affect is that there is almost always competition to help push the price up.

The prices last night were very weak in my opinion but it is in no way the result of changing the format. The market is saturated and there are some big players that have dropped out. This trend of lower prices will continue on certain cards.

Some people may have gotten caught with their pants down, but I am sure today they will know what happened and why, and on the next auction it will not again. Either way, if you ask me, they have no reason to complain. The people who stay informed don't have issues, and the people that feel they are entitled do. It is up to the person to determine which they are and how important it is to them.

" This trend of lower prices will continue on certain cards."


That part is true every auction ever year actually.

I always check to see if the babe ruth 1933 psa 1s are going for 1000 or 1956 jackie robinson psa 8s going for 1000 as my bird in the coal mine. If i see either of those going for 500 for example then i know its a bad auction or the end is coming..


A leaf SGC 5 Jackie robinson did go for over 5300 which i thought was very strong. It also appears the high dollar cards did well like the cobb/cobb rookie ruth etc