Rea

[Fred]

Originally Posted by Jay Wolt

REA ends on the 6th
Mothers Day is on the 13th

Another marriage saved. What would have been funny/sad is if the weekend passed and he didn't look at the auction and found out it closed a week earlier than he thought....

[hcv123]

Originally Posted by Fred

Another marriage saved. What would have been funny/sad is if the weekend passed and he didn't look at the auction and found out it closed a week earlier than he thought....

It was actually a day not a week! I thought it closed on Sunday and it had closed on Saturday - I logged in Sunday to place bids and start doing battle, and was met with " bidding closed" on every lot! It was an auction that had some key items I would have placed strong bids on! It took me weeks to psychologically recover from that!

[Aquarian Sports Cards]

How crazy would it be to run an online auction closing like a live auction? Item 1 is scheduled to "close" at XX:XX but will remain open until there is no bid for 60 seconds, then on to lot 2.

Probably wouldn't work on an auction of 2700 items, but it would most closely mimic a "real" auction.

[dariushou]

Look, i may be a bit slow, but I don't understand why an auction house would NOT specify an end time and/or not allow snipes, other than to maximize price. I get it from a business perspective (on the surface at least), but I think that line of thinking is shortsighted. In my opinion, REA’s auction format will realize less than the maximum prices for certain individual items chased by a few people and in the long run hurt the auction house as a whole.

By not having an end time to an auction, it allows your bid to be shilled. Everyone hates to say it, but it does happen. Some people say just bid what you want to pay and don’t think about it. However, some people, including myself, have disposable income, but do not want to be cheated out of our hard-earned money. The fact that I can be shilled in this format puts a real bad taste in my mouth and I’m having a real tough time with it because there are some items that I hardly ever see, but I just refuse to be taken advantage of (unless I know it). That’s right. I don’t mind overpaying…but being cheated to overpaying…that’s a whole other matter in my opinion. Call it Texas Pride or whatever you call it where you are from. It’s why I don’t bid on a lot of ebay auctions or other auction houses. It sucks, but I’m completely fine with not having that card I always wanted if it means that the price I end up paying was influenced by an unknown and unwanted variable. I waited for years to get a 1980 Topps coin, but I recently was lucky enough to purchase a 1980 Topps coin (one on ebay -- buy it now)…I likely overpaid, but I can live with it because I decided what to pay and not some shill bidder.

Not having snipes is the other thing that I don’t like. At least I don’t know how to snipe the auctions….maybe I can pay someone to write a program…ugh the time and hassle. Why not allow it? I guess I’m fine with not having snipes, but only if the auctions were staggered with real end times. But since they are not, it forces me to face my first issue. Leaving a bid out there that can be shilled.

I’m really struggling with this one as there are a lot of items that I would like to bid on, but finding it hard to put myself out there to be screwed. Anyhow, that’s how I feel and just to be crystal clear, I am in no way saying REA is shilling their auctions or doing anything underhanded. I just happen to think the current format lends itself to abuse and I cannot get comfortable with it. The items in their auction are truly incredible and wish I could partake.

[Leon]

You should focus on card shows to buy. You won't get shilled.

Originally Posted by dariushou

Look, i may be a bit slow, but I don't understand why an auction house would NOT specify an end time and/or not allow snipes, other than to maximize price. I get it from a business perspective (on the surface at least), but I think that line of thinking is shortsighted. In my opinion, REA’s auction format will realize less than the maximum prices for certain individual items chased by a few people and in the long run hurt the auction house as a whole.

By not having an end time to an auction, it allows your bid to be shilled. Everyone hates to say it, but it does happen. Some people say just bid what you want to pay and don’t think about it. However, some people, including myself, have disposable income, but do not want to be cheated out of our hard-earned money. The fact that I can be shilled in this format puts a real bad taste in my mouth and I’m having a real tough time with it because there are some items that I hardly ever see, but I just refuse to be taken advantage of (unless I know it). That’s right. I don’t mind overpaying…but being cheated to overpaying…that’s a whole other matter in my opinion. Call it Texas Pride or whatever you call it where you are from. It’s why I don’t bid on a lot of ebay auctions or other auction houses. It sucks, but I’m completely fine with not having that card I always wanted if it means that the price I end up paying was influenced by an unknown and unwanted variable. I waited for years to get a 1980 Topps coin, but I recently was lucky enough to purchase a 1980 Topps coin (one on ebay -- buy it now)…I likely overpaid, but I can live with it because I decided what to pay and not some shill bidder.

Not having snipes is the other thing that I don’t like. At least I don’t know how to snipe the auctions….maybe I can pay someone to write a program…ugh the time and hassle. Why not allow it? I guess I’m fine with not having snipes, but only if the auctions were staggered with real end times. But since they are not, it forces me to face my first issue. Leaving a bid out there that can be shilled.

I’m really struggling with this one as there are a lot of items that I would like to bid on, but finding it hard to put myself out there to be screwed. Anyhow, that’s how I feel and just to be crystal clear, I am in no way saying REA is shilling their auctions or doing anything underhanded. I just happen to think the current format lends itself to abuse and I cannot get comfortable with it. The items in their auction are truly incredible and wish I could partake.

[glynparson]

Why would how an auction ends have any impact on shilling. This is one of the dumber posts I have read recently. By this logic of a hard end time having less shilling would mean the eBay platform is less ripe for such an activity and we all know that is not true. Also worrying about Brian, Michael and team shilling shows me you don’t know these people as they are some of the most honest I have encountered. Not just in the hobby but in life. Like Brian has stated they actually researched these issues many of you are just guessing and supposing against actually researched information. You have got to love America in 2018 everyone with a keyboard and an opinion has become an expert (in their own mind of course).

[Sean]

Originally Posted by glynparson

Why would how an auction ends have any impact on shilling. This is one of the dumber posts I have read recently. By this logic of a hard end time having less shilling would mean the eBay platform is less ripe for such an activity and we all know that is not true. Also worrying about Brian, Michael and team shilling shows me you don’t know these people as they are some of the most honest I have encountered. Not just in the hobby but in life. Like Brian has stated they actually researched these issues many of you are just guessing and supposing against actually researched information. You have got to love America in 2018 everyone with a keyboard and an opinion has become an expert (in their own mind of course).

One of the things that I really like about Net54 is that Leon requires our names in our posts if we express an opinion. I hate that the internet has made it so easy for people to run their mouths, insult, criticize, and just be jerks, all while remaining anonymous. The Founding Fathers gave us free speech as a cornerstone of our democracy, but they never intended speech without consequences.

Sorry to go so far off topic, it's just a pet peeve of mine.

[GregMitch34]

Helpful note: first round of bidding ends in a few minutes, at NOON, eastern time. I think Brian wrote that while the hard close is midnight they might well close somewhat before that. I don't have the times for last year's close.

Amazed the prices on quality cards for t206 HOFers continue to rise. And that general look and centering counts more than ever.