REA - how'd ya make out?

[Hankphenom]

Originally Posted by Leon

Great card. I think you got a pretty good deal on it.

Here is one I got.

That has to be one of the real deals in the auction, Leon, haven't seen many of those over the years--and a great card! The Johnson Birthplace postcard also went way low, I thought. I picked up the WaJo 20th Anniversary letter and silk ribbon, a great combo to get framed, and a funny story of how they came about. With all the commotion, still a great hobby, isn't it?

[Natedog]

Originally Posted by Hankphenom

That has to be one of the real deals in the auction, Leon, haven't seen many of those over the years--and a great card! The Johnson Birthplace postcard also went way low, I thought. I picked up the WaJo 20th Anniversary letter and silk ribbon, a great combo to get framed, and a funny story of how they came about. With all the commotion, still a great hobby, isn't it?

I consigned the WaJo 20th Anniversary letter and ribbon. They are very nice - the letter is in great shape for its age and the ribbon is practically flawless. I thought they would go for much more. I kept waiting for the bidding to pick up, but it never did. I think you got a great deal and they'll look great framed!

[Snapolit1]

When people say that "went too cheap", are they factoring in the the 30% upchage (commission, taxes, shipping, insurance) many of us would have to pay?

[Leon]

Originally Posted by Snapolit1

When people say that "went too cheap", are they factoring in the the 30% upchage (commission, taxes, shipping, insurance) many of us would have to pay?

Yes. I won 4 lots (total around 5k AFTER BP) and the total shipping was $20. That comes out to $5 bucks a lot for the incidentals, not including tax, which as of the moment I don't think REA charges for Texas.
When I bid in Heritage I factor in 30% over my max bid. I can't imagine a lot of people don't think about the BP and/or shipping/tax, though I know a few have mentioned they have forgotten.
That is like buying a car for 40k and forgetting about the sales tax. It makes little sense.

[MVSNYC]

I'd be shocked if there's bidders out there who don't factor in BP/tax, etc. If they aren't, I feel bad for them. When I note/remember prices I paid for things, it's always including BP...that's what I had to lay out for the item!

[Leon]

Originally Posted by MVSNYC

I'd be shocked if there's bidders out there who don't factor in BP/tax, etc. If they aren't, I feel bad for them. When I note/remember prices I paid for things, it's always including BP...that's what I had to lay out for the item!

I actually put my landed cost as the price I paid. Not sure if that is correct but it feels like that is what I paid.
Not factoring BP and other costs in, is called a learning lesson. If someone does it too often they won't have to worry about it because they will be broke.

.

[honus94566]

I have kind of avoided bidding in REA for the last few years, amazing items but prices usually end up quite high.

I regret it this time though, I wasn't watching a few items that I was interested in, and they went for a lot less than expected and I missed out. Oh well!

[Peter_Spaeth]

Originally Posted by MVSNYC

I'd be shocked if there's bidders out there who don't factor in BP/tax, etc. If they aren't, I feel bad for them. When I note/remember prices I paid for things, it's always including BP...that's what I had to lay out for the item!

It's astonishing to me that so many people over the years don't seem to understand this. I still hear things like I won't bid in that auction because I don't want to pay a 20 percent premium.

[Bicem]

Agreed, although I get the sales tax thing since that creates an uneven playing field.

[Snapolit1]

Originally Posted by Peter_Spaeth

It's astonishing to me that so many people over the years don't seem to understand this. I still hear things like I won't bid in that auction because I don't want to pay a 20 percent premium.

My point was actually not whether people who buy something forget to factor in the 30%, but whether folks are looking at an item they didn't bid on at an auction and comment it "went cheap" are always appreciating the actual sale price vs. the hammer price. I assume they guy who bought it remembers the 30% or whatever it is.

[Hankphenom]

Originally Posted by MVSNYC

I'd be shocked if there's bidders out there who don't factor in BP/tax, etc. If they aren't, I feel bad for them. When I note/remember prices I paid for things, it's always including BP...that's what I had to lay out for the item!

Yes, I can see that happening ONCE to a bidder, a learning experience as others had said! I always ask myself what I would pay for it at a show, then figure in the BP to calculate my maximum bid.

[Hankphenom]

Originally Posted by Natedog

I consigned the WaJo 20th Anniversary letter and ribbon. They are very nice - the letter is in great shape for its age and the ribbon is practically flawless. I thought they would go for much more. I kept waiting for the bidding to pick up, but it never did. I think you got a great deal and they'll look great framed!

Thank you, together they make a great WaJo item and it found the best home possible. I do have a question: did you get them together, and as far as you know, have they always been together? They were mailed out that way in 1927, and one of the things I liked about this lot was the possibility that they've come down through the years still together as issued. As for the price, the final tally including premium is exactly on target as I've tracked these over the years. The letter in good shape goes for about a grand, and the ribbon separately for $200-300. My bid--and it did hit my maximum--is what I would have paid for these at a show. Your problem is that once the consignor's fee is taken out, your take ends up below market. It does look like I had one other bidder testing my maximum for the last several bids, though, so it could have been worse! Looks like overall this was a soft auction, and who ever knows why that happens? Summertime, disgust with events in the hobby, softening economy, a combination of those? Those of us who have consigned to a lot of auctions over the years are used to frequent disappointment and an occasional "shoot the moon," but the one constant that keeps them going is that you send them your item and you get a check, done and done. And at least with REA you can never argue that whatever your items ended up at, that didn't reflect the true market at that time. If they didn't do well, nobody would have done better. Thanks again for the wonderful stuff, Nate, and know that they will be well taken care of and appreciated.

[Jeff_cvc]

I’ve been selling off a good portion of my collection for the past couple years. Just recently, tides are turning, and I’ve made my first few purchases in a very long time. I’m starting slowly, but got one pick-up in REA. It wasn’t much, may have slightly overpaid, but I’m excited to actually be on the collecting side again.

CC4A9B49-5C39-4BCD-8803-80FE80EA80D7.jpg

[Jcfowler6]

Originally Posted by Jeff_cvc

I’ve been selling off a good portion of my collection for the past couple years. Just recently, tides are turning, and I’ve made my first few purchases in a very long time. I’m starting slowly, but got one pick-up in REA. It wasn’t much, may have slightly overpaid, but I’m excited to actually be on the collecting side again.



Attachment 363275

Congrats Jeff. Good start back.


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[Jeff_cvc]

Originally Posted by Jcfowler6

Congrats Jeff. Good start back.


Sent from my iPhone using Tapatalk

Thanks Jon!

[T_Hamilton]

Grabbed this Cobb for my growing Cobb collection... missed out on the 1926 World Series ticket which I wanted... oh well, next time!

[PSACJ]

I won this Zach Wheat Conlon Type 1 for my collection!

[GregZakwin]

Originally Posted by PSACJ

I won this Zach Wheat Conlon Type 1 for my collection!

Absolutely beautiful!

[eliotdeutsch]

So who won the raw T205 lot?

[LOUCARDFAN]

I picked up this one-of-a-kind gem.