REA fun!

mechanicalman · #1 10-29-2018, 07:33 AM

Like most, I encountered some bidding issues, and like some, I lost out on a white whale. But I didn't lose the card because of the bidding issues. I lost because some schmo wanted it more than I did and put in a higher bid. I figure I had the better part of a month to put in a crazy high bid with a high probability of winning, but I didn't. It was my bad.

I know the technical issues suck, but personally, I think Brian and team made the right adjustments given the circumstances.

Rhotchkiss · #2 10-29-2018, 07:47 AM

I rarely agree with a Wolverine, but I totally agree with you here Sam.

+1

aconte · #3 10-29-2018, 07:51 AM

I also agree Brian and his team did his best and wouldn't think twice to
consign again with him. It was a tough night for sure and Brian handled
it professionally.

rlorenz · #4 10-29-2018, 09:51 AM

I have the most upmost respect for REA...but after all that went on last night and the fact that the issues here on the west coast where quite horrible i just walked away from my computer and just gave up on the auction after multiple hours of trying to bid. These issues ran for a good part of the afternoon. and to be honest i figure REA and the Consignor lost out on 5-10k in additional income.

The argument could be made that i should just put my top bid from the get go...but lets be honest that is not the way that I personally run auctions. So this is on me. But hind site....knowing that these issues effected people for more than just a few hours. They should extended the bidding by one full day.

I am sure if you tack on my bids in addition to all of the others REA lost out (PURE GUESS) to be really clear atleast 100-150k in additional income. But that is just a pure guess i am throwing a number out there...

But it happens...there will always be another auction but REA should change its policies where if there are major website issues that last longer than X they should allow for a full day extension. It only benefits them and the Consignor and ironically the bidders that really want the item.

Just my two cents right or wrong.

And did anyone see that 59 Aaron psa 8 for 900$ ~ something tells me someone either miss bid or the website was causing bidding issues

mb2005 · #5 10-29-2018, 10:05 AM

https://bid.robertedwardauctions.com...e?itemid=52427

Whoever got this one got a pretty good deal I think...

calvindog · #6 10-29-2018, 08:02 AM

The auction was a disaster but I was able to put in bids on all the cards I wanted although with difficulty and maddening frustration. That being said I think many people gave up as the ending was not a frenzy. So if you wanted the cards you could get them -- as long as you were willing to stay up unti 1:30 am on the east coast on a Sunday night. Not many can and my ass is dragging today. In addition, the continued extended closing cost ceiling bidders some money.

REA is my favorite auction house and in my mind the epitome of honesty and professiamlsim in our hobby. But last night was a disaster and they will have a hard time convincing people to consign big ticket items now. Some good faith gesture should occur as many people are pissed. In addition it's time to upgrade their bandwidth as this can't happen again.

Republicaninmass · #7 10-29-2018, 08:16 AM

I thought it had ended when I couldnt get the pages up. Outbid on every single item anyhow, so they wont miss my revenue

frankbmd · #8 10-29-2018, 08:32 AM

Once a problem like this occurs, bidders and consignors both ramp up their efforts to access the auction site to try to bid or follow their consignments. The timing of the problem at the peak activity of a normal auction was critical.

The irony is that thousands of folks continually trying to access the site because of the problem no doubt compounded the problem and made it worse and incapable of being resolved in a reasonable amount of real time as the countdown clock ticked away.

Pick your storm, but if a hurricane is large enough and strong enough, everybody gets blown away and wet. The service provider, the auction house, the bidders and the consignors all must pick up the pieces and move on.

sgbernard · #9 10-29-2018, 08:32 AM

https://bid.robertedwardauctions.com...e?itemid=51659

Whoah. That's a very strong price.

ejharrington · #10 10-29-2018, 09:06 AM

Quote:

Originally Posted by sgbernard

https://bid.robertedwardauctions.com...e?itemid=51659

Whoah. That's a very strong price.

I love that card and was an under-bidder. It's a little bit outside my normal collection focus but I think it's a great looking card. There's not a lot of market comparisons for this card.

Fred · #11 10-29-2018, 09:21 AM

Regarding the N154 in the link for the previous post.... did they super-impose the head of the candidate on to the body of one of those female baseball players from the female baseball cards that were issued? I never really noticed that before...

Edited to add... yes, that was a strong price! I can't imagine the consignor is disappointed in that result.

swarmee · #12 10-29-2018, 09:27 AM

Quote:

Originally Posted by Fred

Regarding the N154 in the link for the previous post.... did they super-impose the head of the candidate on to the body of one of those female baseball players from the female baseball cards that were issued?

http://www1.coe.neu.edu/~dan/N48/go.html

matches the first one.

calvindog · #13 10-29-2018, 09:30 AM

Quote:

Originally Posted by ejharrington

I love that card and was an under-bidder. It's a little bit outside my normal collection focus but I think it's a great looking card. There's not a lot of market comparisons for this card.

Here's some more: https://flickr.com/photos/31037508@N...57699801558315

Bkrum · #14 10-29-2018, 09:40 AM

There is soooooo much stuff on this auction that it�s hard for me to follow. What trends did everyone see? What went strong and what didn�t? I consigned some unopened boxes and my hockey/basketball did well but baseball a little softer than expected

ejharrington · #15 10-29-2018, 10:12 AM

Quote:

Originally Posted by calvindog

Here's some more: https://flickr.com/photos/31037508@N...57699801558315

Thanks for sharing, very nice set.

ullmandds · #16 10-29-2018, 08:44 AM

Quote:

Originally Posted by frankbmd

Once a problem like this occurs, bidders and consignors both ramp up their efforts to access the auction site to try to bid or follow their consignments. The timing of the problem at the peak activity of a normal auction was critical.

The irony is that thousands of folks continually trying to access the site because of the problem no doubt compounded the problem and made it worse and incapable of being resolved in a reasonable amount of real time as the countdown clock ticked away.

Pick your storm, but if a hurricane is large enough and strong enough, everybody gets blown away and wet. The service provider, the auction house, the bidders and the consignors all must pick up the pieces and move on.

What?? Where is the humor in this post Frank ???

Snapolit1 · #17 10-29-2018, 08:49 AM

Quote:

Originally Posted by ullmandds

What?? Where is the humor in this post Frank ???

All 20+ items I was interested in when for prices well above what I thought was fair market value. Not saying I wouldn't be a little miffed if I was a consignor, but I didn't see anyone running away with any steals.

frankbmd · #18 10-29-2018, 08:54 AM

Quote:

Originally Posted by frankbmd

Once a problem like this occurs, bidders and consignors both ramp up their efforts to access the auction site to try to bid or follow their consignments. The timing of the problem at the peak activity of a normal auction was critical.

The irony is that thousands of folks continually trying to access the site because of the problem no doubt compounded the problem and made it worse and incapable of being resolved in a reasonable amount of real time as the countdown clock ticked away.

Pick your storm, but if a hurricane is large enough and strong enough, everybody gets blown away and wet. The service provider, the auction house, the bidders and the consignors all must pick up the pieces and move on.

Quote:

Originally Posted by ullmandds

What?? Where is the humor in this post Frank ???

Peter, I was neither an REA bidder or consignor last night, so I just went to eBay and overpaid for a couple of items there. Is that better?

Fred · #19 10-29-2018, 09:00 AM

Quote:

Originally Posted by Snapolit1

All 20+ items I was interested in when for prices well above what I thought was fair market value. Not saying I wouldn't be a little miffed if I was a consignor, but I didn't see anyone running away with any steals.

Aint that the truth. I'm going to guess that there may have been a little money left on the table but in the end it was another good night for REA consignors.

Fred · #20 10-29-2018, 08:58 AM

I was underbidder on (3) lots. I knew my bid was topped on two of the items but when I checked the other item I was on top until after the auction ended. So what does that mean? Mo money for another auction.

I look at the REA track record and I see an anomaly like this as unusual and can be addressed as "shit happens".

Life without an REA catalog during the year would be just miserable. Admit it, we're all like 6 year old children when that catalog arrives.