REA Adds A Third Auction and More Pre-National Announcements!

[ruth-gehrig]

I clicked on the "Learn More" button on an item and got this:

Using the form below, you can submit an offer to purchase any item from within our auction archives.*Robert Edward Auctions will contact the winning bidder, present your offer, and attempt to make a deal on your behalf.

There are no fees for the buyer.*The dollar amount you offer, if accepted, is exactly what you'll pay (except for applicable sales tax due on non-exempt NJ sales). There is a 10% commission withheld from your offer (collected only if the offer is accepted). Robert Edward Auctions will cover shipping and insurance on private sale items.Upon acceptance of an offer,*payment is due within seven days*via check, money order, or wire transfer.All items will be inspected*by Robert Edward Auctions to ensure that they are still in the originally described condition. In the event of a condition discrepancy, Robert Edward Auctions may, at its discretion, void the sale.All sales are final.

This is an ideal resource for collectors who are actively seeking items to add to their collections but who do not want to wait for one of the items within the archive to potentially be consigned to auction. This fast, easy, and confidential method matches willing buyers with willing sellers to ensure that everyone is happy.

Robert Edward Auctions will make every attempt to contact the original winning bidder to present the offer. All offers should be for at least the amount at which the items sold originally. We encourage collectors to lead with their best offer to ensure the highest likelihood of success. It is important to remember that not all items within this archive will still be in the possession of the original winning bidder, and even those that are may not be for sale at this time. Robert Edward Auctions will provide a status update on all private sale inquiries within three business days.

[oldjudge]

Thanks Michael

[Rhotchkiss]

Brian, you have an offer sitting in whatever inbox it goes to. I’d love to be the first private deal you do via this function.

[x2drich2000]

Hey Brian, great idea to allow people to make offers. Would it be possible to make an offer on part of a lot? For instance, if a lot had 3 cards, but I only was interested in 1 of those cards, could I make an offer on just the 1 card I wanted?

Thanks
DJ

[barrysloate]

Nice to see REA adding a third auction. Just took the survey and it was painless.

[Peter_Spaeth]

I would be interested to see if many deals actually happen this way. My suspicion is that people are either actively looking to sell or are not interested in selling, and that there will be a very high futility ratio and a ton of lowball offers that take people's time, but hope I'm wrong.

[Piratedogcardshows]

Thats great news for REA and for us collectors as well. Looking forward to stopping by the booth.

[Bicem]

Originally Posted by Peter_Spaeth

I would be interested to see if many deals actually happen this way. My suspicion is that people are either actively looking to sell or are not interested in selling, and that there will be a very high futility ratio and a ton of lowball offers that take people's time, but hope I'm wrong.

Guessing a small percentage based on Heritage's rejected rate which you can view on their site, but worth a shot!

Congrats Brian! Exciting stuff!

[conor912]

Originally Posted by Peter_Spaeth

I would be interested to see if many deals actually happen this way. My suspicion is that people are either actively looking to sell or are not interested in selling, and that there will be a very high futility ratio and a ton of lowball offers that take people's time, but hope I'm wrong.

I would think it would be easy enough to add a feature to the program that only allows someone to offer what the item sold for at the auction (plus juice, shipping, etc) or higher. I'm guessing the only people willing to take less than they paid for something would already be activly trying to sell it and defeat the purpose entirely.

[Steve D]

Originally Posted by x2drich2000

Hey Brian, great idea to allow people to make offers. Would it be possible to make an offer on part of a lot? For instance, if a lot had 3 cards, but I only was interested in 1 of those cards, could I make an offer on just the 1 card I wanted?

Thanks
DJ

I have the same question.

Steve

[Sean]

Originally Posted by Steve D

I have the same question.

Steve

Me too. I also want to add that while a third auction is welcome, I'm going to miss the October REA. I loved bidding on old cards while watching the World Series.

[spacktrack]

With respect to offering on individual parts of a lot, we'll entertain such offers on a case by case basis, and as long as it makes sense for all parties, we'll do our best to facilitate a transaction. We don't want to get in a position of tracking down $15 cards from some large lots that have passed through REA in the last 20 years, but I know there were some meaty lots back in the day that will have significant singles that may be of interest.

Brian