REA - How Did You Do?

Malibu39 · #1 12-10-2020, 02:00 PM

First time I have bid in REA auction, actually any auction than a couple on eBay and might be my last. Someone how I was out bid for an item four hours after the auction ended, or sorta ended. I just don't have 7 hours to spend refreshing a screen every 10 minutes to see if two people bidding on an item no one else care about are done so the rest of the items close.
Is this how all Sports card auctions are run or?
I'll get off my soapbox now

Casey2296 · #2 12-10-2020, 02:21 PM

Quote:

Originally Posted by Malibu39

First time I have bid in REA auction, actually any auction than a couple on eBay and might be my last. Someone how I was out bid for an item four hours after the auction ended, or sorta ended. I just don't have 7 hours to spend refreshing a screen every 10 minutes to see if two people bidding on an item no one else care about are done so the rest of the items close.
Is this how all Sports card auctions are run or?
I'll get off my soapbox now

Extended bidding starts at 6pm which locks out anybody who doesn't have a placeholder bid on that lot. Every lot remains open to bidding between 6pm and midnight. At midnight a 10 minute clock starts on a lot-by-lot basis. If there are no higher bids in that 10 minute period you win the lot. Some auction houses forego the 6 hour time period between extended bidding and the lot by lot clock starts right away which is preferable to bidders. In the case of REA the true bidding action doesn't start until midnight.

BumBum · #3 12-10-2020, 03:35 PM

I also saw that there was an option to sign up for text and/or email alerts in case you were outbid. I signed up but thankfully I didn't receive any notifications, so I was not able to test how effective the system was. If it weren't for that, I agree, it might be a bit onerous to have to keep checking.

Casey2296 · #4 12-10-2020, 03:50 PM

Quote:

Originally Posted by BumBum

I also saw that there was an option to sign up for text and/or email alerts in case you were outbid. I signed up but thankfully I didn't receive any notifications, so I was not able to test how effective the system was. If it weren't for that, I agree, it might be a bit onerous to have to keep checking.

The outbid text alert was invaluable during the clock while bidding on several lots.

tiger8mush · #5 12-10-2020, 05:11 PM

Quote:

Originally Posted by Malibu39

I just don't have 7 hours to spend refreshing a screen every 10 minutes to see if two people bidding on an item no one else care about are done so the rest of the items close.

Put in your max bid(s) and go to bed

mouschi · #6 12-10-2020, 05:17 PM

who on earth could go to bed not knowing if they won or not?!?!?

JeremyW · #7 12-10-2020, 06:18 PM

Quote:

Originally Posted by mouschi

who on earth could go to bed not knowing if they won or not?!?!?

Funny. I think I've been forced to do it, never by choice.

yanksfan09 · #8 12-10-2020, 08:47 PM

Got my REA M101-6 haul today. Really loving this issue. Thanks to REA for lightning fast shipping! Got my Christmas presents for myself!

VintageBen · #9 12-10-2020, 09:29 PM

Erick I love those new pickups. Wowwwww!!!

Casey2296 · #10 12-10-2020, 09:35 PM

Nice run Erick, I'd assume after that haul the rest is cursory.

Andrew1975 · #11 12-15-2020, 07:24 AM

Quote:

Originally Posted by yanksfan09

Got my REA M101-6 haul today. Really loving this issue. Thanks to REA for lightning fast shipping! Got my Christmas presents for myself!

Erick, fantastic additions! I think they look amazing in the SGC slabs.

Val, congrats on the Sam Rice pickups!

Malibu39 · #12 12-10-2020, 05:21 PM

Thanks everyone for the input, it made me look at the auction differently now. The REAL bidding start at Midnight is good and put in high bid and go to bed is good too.
I appreciate it.