REA Auction Ends Today Sunday April 30. Initial Bids Must Be Placed By 12 PM EST!

[irv]

Originally Posted by swarmee

Read post #6.

Just did, again, but I guess I'll have to read it again and again.

I have never bid in a A/H auction before so maybe this is the norm? If so, then I guess I still have lots to learn.

Thanks John.

[Snapolit1]

Originally Posted by irv

Just did, again, but I guess I'll have to read it again and again.

I have never bid in a A/H auction before so maybe this is the norm? If so, then I guess I still have lots to learn.

Thanks John.

If anyone places a bid on any one of the thousands of lots in their auction the 15 minutes clock for the entire auction is reset. They are still getting 8-10 bids on various items every minutes. So the 15 minute thing will just be rest and reset until (a) no one bids on any lot for 15 minutes or (b) they just called a code on the auction and shut it down, which most auction houses do after a FINAL WARNING email of some kind.

[swarmee]

They will likely go until the 12am ET time and then call it. Bidding is still feverish.
Other auctionhouses either reset the countdown timer after every bid, or they close certain lots individually unless people keep bidding on those specific lots. REA uses "any bid on any lot extends the whole auction 15 minutes". Except they actually extend the 9:15 pm end time to 9:30.

[irv]

Originally Posted by Snapolit1

If anyone places a bid on any one of the thousands of lots in their auction the 15 minutes clock for the entire auction is reset. They are still getting 8-10 bids on various items every minutes. So the 15 minute thing will just be rest and reset until (a) no one bids on any lot for 15 minutes or (b) they just called a code on the auction and shut it down, which most auction houses do after a FINAL WARNING email of some kind.

Originally Posted by swarmee

They will likely go until the 12am ET time and then call it. Bidding is still feverish.
Other auctionhouses either reset the countdown timer after every bid, or they close certain lots individually unless people keep bidding on those specific lots. REA uses "any bid on any lot extends the whole auction 15 minutes". Except they actually extend the 9:15 pm end time to 9:30.

Ok, now I get it.

Thanks guys.

[sgbernard]

Surprised nobody at all bid on that signed Mack OJ. What a stellar card if you had 20k to spare!

[swarmee]

Originally Posted by sgbernard

Surprised nobody at all bid on that signed Mack OJ. What a stellar card if you had 20k to spare!

+1. You can Buy-It-Now though...

[gnaz01]

Originally Posted by sgbernard

Surprised nobody at all bid on that signed Mack OJ. What a stellar card if you had 20k to spare!

Uh, $22,000 my good man....

[sgbernard]

Originally Posted by gnaz01

Uh, $22,000 my good man....

Good point, but I figure if you have $20,000 to spare, you have $22,000 to spare

[swarmee]

Uhhh, $24K. No wonder the buyers premium exists... ;-)

[gnaz01]

Originally Posted by swarmee

Uhhh, $24K. No wonder the buyers premium exists... ;-)

Wow!!! Where the heck were my math skills on that one......

[Snapolit1]

. . .and add another $1400 if you are lucky enough to live in New Jersey.

[sgbernard]

OK, OK, now I see why nobody bid on it.

In seriousness, it really is a headliner card. I wonder what would have happened if the initial bid was 10,000, and a bidding war started.

[RedsFan1941]

Originally Posted by Snapolit1

. . .and add another $1400 if you are lucky enough to live in New Jersey.

http://www.net54baseball.com/showthread.php?t=238995

[wondo]

I'm waiting for my few remaining leading bids to come crashing down. 😅

[sreader3]

Having fun watching the T206 Cobbs since there are so many:

http://bid.robertedwardauctions.com/...searchin=title

A wealth of pricing data. So far consistent with the recent (last 12 months) leap in Green/Red portrait prices and more measured advance in Bat On/Bat Off prices.

I think the Cobb (Bat Off) PSA 6 Uzit is extremely underpriced @ $96K with juice. Total freak card. Only a matter of time before it is priced in line with PSA 1 Wagners.

[Gradedcardman]

Originally Posted by Snapolit1

If anyone places a bid on any one of the thousands of lots in their auction the 15 minutes clock for the entire auction is reset. They are still getting 8-10 bids on various items every minutes. So the 15 minute thing will just be rest and reset until (a) no one bids on any lot for 15 minutes or (b) they just called a code on the auction and shut it down, which most auction houses do after a FINAL WARNING email of some kind.

Really would love them to adopt the individual item clock. That makes the auction better to watch as an individual. They have run it this way for years, doubt things change anytime soon.

[Snapolit1]

Seems to me the bid intervals on REA are pretty inflated at the higher levels, so a lot of the pricey stuff hits a realistic sale price fairly quickly and then stalls.

For example, I can imagine where something that might look decent at $65,000 ($78,000), doesn't look quite so appetizing at $70,000 ($84,000).

Maybe their increments are the same as others. Great auction house and no one can deny that.

[Baseball Rarities]

Originally Posted by Snapolit1

For example, the difference in price between a $65,000 item and the next leg up to $70,000 is $12,000.

It is actually $6,000.

[Snapolit1]

Originally Posted by Baseball Rarities

It is actually $6,000.

You are right; I screwed the math up. Just corrected it. Never my strong suit. . . . .