REA fun!

[OldOriole]

Originally Posted by spacktrack

THE AUCTION WILL END PRIOR TO MIDNIGHT TO AVOID A CRUSH OF TRAFFIC. THE EXACT TIME WILL BE UNKNOWN SO PLEASE DO NOT DELAY ONCE THE FAIR WARNING E-MAIL IS RECEIVED!

The entire auction will close at once. It will not continue beyond Midnight EST under any circumstances!

I wish this was true. Lost $600 on a vulture trying to snipe well after midnight. I understand that this is frustrating for everyone involved, including REA to be sure but I concur that everyone has had an amble chance to bid. We had two weeks to set up bids, then postings saying 'don;t wait until the end', then 2+ overtimes. Apparently many people did wait until the end, and that created capacity issues. Have to get up in a few hours, not sure what else to say except it sure is disappointing.

[iowadoc77]

Originally Posted by OldOriole

I wish this was true. Lost $600 on a vulture trying to snipe well after midnight. I understand that this is frustrating for everyone involved, including REA to be sure but I concur that everyone has had an amble chance to bid. We had two weeks to set up bids, then postings saying 'don;t wait until the end', then 2+ overtimes. Apparently many people did wait until the end, and that created capacity issues. Have to get up in a few hours, not sure what else to say except it sure is disappointing.

Very well said.

[the-illini]

The latest email allows for the auction to be kept open as long as it takes to make sure consignors are satisfied.

[OldOriole]

Originally Posted by the-illini

The latest email allows for the auction to be kept open as long as it takes to make sure consignors are satisfied.

There's a balance between keeping both consignors and bidders happy....right now it's a tightrope.

[the-illini]

Originally Posted by OldOriole

There's a balance between keeping both consignors and bidders happy....right now it's a tightrope.

Would be easier to accept if they hadn’t extended it twice already and said the auction was closing 50 minutes ago.

[OldOriole]

Originally Posted by the-illini

Would be easier to accept if they hadn’t extended it twice already and said the auction was closing 50 minutes ago.

Amen.

[Blunder19]

As a consignor i am not happy... i am trying to get to the landing pages for my items and the page wont load... if i cant get there how are bidders supposed to get there???

[iowadoc77]

Originally Posted by Blunder19

As a consignor i am not happy... i am trying to get to the landing pages for my items and the page wont load... if i cant get there how are bidders supposed to get there???

I understand your frustration but there has been a LOT of time to get there.

[Aaron Seefeldt]

https://www.youtube.com/watch?v=QdnwLzrYe9c

[nolemmings]

Originally Posted by iowadoc77

I understand your frustration but there has been a LOT of time to get there.

B.S. It's been spotty for hours. If I win the couple I was leading I sure hope my servers are working when it's time to write my check.

[nolemmings]

Still not working and utter bullshit.

[iowadoc77]

Originally Posted by nolemmings

Still not working and utter bullshit.

There has been extremely ample time to get bids in. Bidders getting the short end for sure.

[ZiggerZagger]

Originally Posted by OldOriole

I wish this was true. Lost $600 on a vulture trying to snipe well after midnight. I understand that this is frustrating for everyone involved, including REA to be sure but I concur that everyone has had an amble chance to bid. We had two weeks to set up bids, then postings saying 'don;t wait until the end', then 2+ overtimes. Apparently many people did wait until the end, and that created capacity issues. Have to get up in a few hours, not sure what else to say except it sure is disappointing.

I actually have a lot of sympathy for Brian and the folks at REA. This wasn't in the plans, and I'm sure they've struggled to come up with anything that seemed remotely fair on the fly.

Sadly, in trying to keep the Consignors happy, it's allowed the auction to take it to a whole new zone of increasing bids that would have never materialized otherwise. They've got a huge challenge in trying to make this right over the next week or so.

Cosigners are going to want full price. Buyers aren't going to want to pay extra money they unfairly accrued in overtime (It will not continue beyond Midnight EST under any circumstances...)
There's only one other pot of funds out there -- the Buyer's Premiums from the Auction House tasked to put on a functioning auction.

Someone is going to have to eat this, and it's very unfortunate.


_

[Sean]

It just closed, and I won my item, so I guess I shouldn't complain about that last snipe.