Goldin Elite, REA, Heritage, Uncle Jimmy .....

Shoeless Moe · #1 07-27-2020, 08:14 AM

Quote:

Originally Posted by Snapolit1

Other auctions like LOTG coming shorty ....

So much stuff. Kind of mind boggling. Where does it all come from.

Pretty much like this every year. Actually less this year.

Hunt usually has theirs at the All Star Game, they didn't have one this summer (yet)

Huggins usually has one around the time of the National (late July/early Aug) they are delayed until October.

SCP & Memory Lane usually have a summer one, have not seen them yet.

MCyganik · #2 07-27-2020, 08:46 AM

I'm new to the high-end auction game so I'm probably wrong, but isn't a lot of this stuff, especially cards, cyclical? Unless a certain card or memorabilia piece falls into a die-hard collectors hands (which many do), an investor will buy it, sit on it for a couple of years and let it appreciate in value and then resell.

Snapolit1 · #3 07-27-2020, 08:50 AM

Quote:

Originally Posted by MCyganik

I'm new to the high-end auction game so I'm probably wrong, but isn't a lot of this stuff, especially cards, cyclical? Unless a certain card or memorabilia piece falls into a die-hard collectors hands (which many do), an investor will buy it, sit on it for a couple of years and let it appreciate in value and then resell.

In many cases that's exactly what happens. Sometimes people sit on it for 3 months and they buy and immediately list in next big auction. There is a Joe Jackson card that has been in 20 auctions in the last 4 years.

Ina my experience the turn around quickly sell strategy doesn't work so well. If you were the guy wiling to pay the most in January, many times you will take a loss in June.

perezfan · #4 07-27-2020, 11:31 AM

Quote:

Originally Posted by Shoeless Moe

Pretty much like this every year. Actually less this year.

Hunt usually has theirs at the All Star Game, they didn't have one this summer (yet)

Huggins usually has one around the time of the National (late July/early Aug) they are delayed until October.

SCP & Memory Lane usually have a summer one, have not seen them yet.

Hunt will end on 8/26
SCP will end on 8/28
LOTG will likely end on 8/29
Heritage will end on 8/29 - 8/30
Wheatland (Uncle Jimmy) will end on 8/30

That's 5 huge auctions ending in a span of 5 days. And this doesn't even include REA, VSA, Goldin, Hunt I/P, and the new Sports Auction Company... all of which end within a few days of that cluster as well.

I really hate that they are so bunched together like this. Why is July so sparse, and August so jammed? Did some researcher determine that August is the best month for auctions (for some unknown reason?)

x2drich2000 · #5 07-27-2020, 11:55 AM

Quote:

Originally Posted by perezfan

Hunt will end on 8/26
SCP will end on 8/28
LOTG will likely end on 8/29
Wheatland (Uncle Jimmy) will end on 8/30

That's 4 huge auctions ending in a period of 5 days. And this doesn't even include REA, Heritage, VSA, Goldin and the new Sports Auction Company, all of which end within a few days of that cluster as well.

I really hate that they are so bunched together like this. Why is July so sparse, and August so jammed? Did some researcher determine that August is the best month for auctions (for some unknown reason?)

I may be off, but a big thing to consider with auction ending late in August is the National and promoting. AH's can collect last minute submission and showcase highlights during the show. Wouldn't made sense to end the auction right before the largest show in the country and be left with an empty table and months away from another auction.

Aquarian Sports Cards · #6 07-27-2020, 03:16 PM

Quote:

Originally Posted by x2drich2000

I may be off, but a big thing to consider with auction ending late in August is the National and promoting. AH's can collect last minute submission and showcase highlights during the show. Wouldn't made sense to end the auction right before the largest show in the country and be left with an empty table and months away from another auction.

That's enough making sense for today.

Vintageclout · #7 07-27-2020, 11:39 PM

Quote:

Originally Posted by perezfan

Hunt will end on 8/26
SCP will end on 8/28
LOTG will likely end on 8/29
Heritage will end on 8/29 - 8/30
Wheatland (Uncle Jimmy) will end on 8/30

That's 5 huge auctions ending in a span of 5 days. And this doesn't even include REA, VSA, Goldin, Hunt I/P, and the new Sports Auction Company... all of which end within a few days of that cluster as well.

I really hate that they are so bunched together like this. Why is July so sparse, and August so jammed? Did some researcher determine that August is the best month for auctions (for some unknown reason?)

Historically speaking, the August Auction calendar is typically jammed because auction houses like to market their summer events at the National. Obviously, this year that is a moot point, but I assume most auction houses chose to stay on course with their standard schedules. FYI, Memory Lane�s Summer 2020 auction is targeted to end sometime in September.

mantlefan · #8 07-27-2020, 11:51 PM

It seems so counter productive to end thousands of items in a 5 day period. I don't know about you guys, but I have X amount of dollars to spend in a given time period. So I'll target the items that I really want and pass on other cards that I would have bid on had they appeared a few weeks down the road.

toppcat · #9 07-28-2020, 08:12 AM

Quote:

Originally Posted by perezfan

Hunt will end on 8/26
SCP will end on 8/28
LOTG will likely end on 8/29
Heritage will end on 8/29 - 8/30
Wheatland (Uncle Jimmy) will end on 8/30

That's 5 huge auctions ending in a span of 5 days. And this doesn't even include REA, VSA, Goldin, Hunt I/P, and the new Sports Auction Company... all of which end within a few days of that cluster as well.

I really hate that they are so bunched together like this. Why is July so sparse, and August so jammed? Did some researcher determine that August is the best month for auctions (for some unknown reason?)

All that would have been previewed at the National.

perezfan · #10 07-28-2020, 11:33 AM

Quote:

Originally Posted by toppcat

All that would have been previewed at the National.

I get that of course...

But any rational person has known for months that there will be no summer National. You'd think that at least a few AHs would adapt, and perhaps spread it out a bit. July, for example, has been very sparse, and I bet September will be as well.

Inevitably, there will be cannibalization, with about a dozen major auctions ending in a span of 2 weeks. People will have to really prioritize what they want most, and let the "nice to have" items go by the wayside.

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