Rea is in action

[mrreality68]

Sensory overload.

This is an amazing auction with a great cards and memorbelia and variety of it all

[jsfriedm]

It's actually kinda light on the T205s, and REA usually has the best selection of those. But that PSA 8 Mays rookie would be nice...

[rugbymarine]

Originally Posted by jsfriedm

It's actually kinda light on the T205s, and REA usually has the best selection of those. But that PSA 8 Mays rookie would be nice...

Agree on both counts. They had the PSA 8 Mays rookie on display at the Philly Show, and I could not believe how well centering that card is.

[LincolnVT]

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

[Snapolit1]

Originally Posted by LincolnVT

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

Seems to be a mad frenzy to sell collections as fast as one can sell. Or lots of collectors are dying at the same time.

Market seriously off Feb-April peak. Be interesting to see what the next 6-9 months hold.

Like real estate, the top stuff will hold it's price. Not sure the middling stuff will. Speculators will move on to whatever is the flavor of the month. Non fungible pieces of people's genetic coding on a popsicle stick or something.

[Carter08]

Originally Posted by Snapolit1

Seems to be a mad frenzy to sell collections as fast as one can sell. Or lots of collectors are dying at the same time.

Market seriously off Feb-April peak. Be interesting to see what the next 6-9 months hold.

Like real estate, the top stuff will hold it's price. Not sure the middling stuff will. Speculators will move on to whatever is the flavor of the month. Non fungible pieces of people's genetic coding on a popsicle stick or something.

Steve, you and I debate this a decent amount. Whoever was competing with me on e93s last night did not get the memo that prices are off their peak. Although it only takes two idiots to drive a price and I was one of them.

[jsfriedm]

Another area where prices seem to be exploding: high-grade T205s. Seems like that PSA 7 Cy Young that Memory Lane sold for 110K was just the beginning. The same PSA 7 Walter Johnson that Goldin sold last December for 18K went for 78K last night, and even Joe Tinker went for 60K!

[Peter_Spaeth]

Originally Posted by Carter08

Steve, you and I debate this a decent amount. Whoever was competing with me on e93s last night did not get the memo that prices are off their peak. Although it only takes two idiots to drive a price and I was one of them.

The market is up for anything I want to buy and down for anything I want to sell.

[Frankish]

Originally Posted by LincolnVT

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

Interesting observation. While I see a great deal of stuff up for auction (and some great stuff, too), I agree that the truly significant items are sparse. That said, since the vast majority of collectors may not have the budget for those items, the market still seems pretty robust. In fact, a lack of historic items for sale may indicate a market where the best items are being held tight...kind of the opposite of the latter comment about a frenzy or liquidation.

Tickets and photos in particular (not for this REA auction in particular) seem really desirable at the moment. I'd love to see more game-used uniforms. Even though I don't collect them, I love the photos and write-ups in the catalogs.

Cheers!


Disclosure: I have no items consigned in this REA auction but have sent stuff to Love of the Game and Hake's.

[puckpaul]

Originally Posted by LincolnVT

I thought this auction and most other auction houses have actually been looking pretty sparse these days. The important / historically significant stuff appears to be drying up a bit IMO.

Agreed. Though the in-between frequent auctions have secondary stuff usually.

I think the grading services backlog and prices are a big deterrent. I know I would grade (and maybe sell) a lot more stuff if I could quickly and reasonably get things graded.

[Steve D]

Originally Posted by jsfriedm

It's actually kinda light on the T205s, and REA usually has the best selection of those. But that PSA 8 Mays rookie would be nice...

I don't know about that.

Anyone looking to finally complete the set, will certainly be interested in what they have to offer!

Steve

[Peter_Spaeth]

I wonder to what extent auctions like REA cannibalize their own prices realized by having, in some cases, so many copies of the same card including in the same grade?

[Lorewalker]

REA did not used to do it but HA does it, often, and it does not seem to hurt them in the least.

[cgjackson222]

Originally Posted by Peter_Spaeth

I wonder to what extent auctions like REA cannibalize their own prices realized by having, in some cases, so many copies of the same card including in the same grade?

Agreed. I would hate to consign an item only to see a duplicate or higher grade show up in the same auction.

[babraham]

Ton of good stuff on there!

[mrreality68]

Originally Posted by cgjackson222

Agreed. I would hate to consign an item only to see a duplicate or higher grade show up in the same auction.

I agree I had that happen and sadly the prices of all were down compared to other auctions both before and after with similarly graded cards

[Republicaninmass]

Originally Posted by Peter_Spaeth

I wonder to what extent auctions like REA cannibalize their own prices realized by having, in some cases, so many copies of the same card including in the same grade?

Either flippers trying to maximize on cards.


Long time collectors trying to get out.

Nobody passed away or ran off of funds and needs to sell 3 of the same card at once.


At some point, the market will be/is saturated. I've never seen anything quite like 4 or 5 52 May's in a major auction house.


Also, lelands, the first 300 lots are all modern. I cant believe the demand is there in an auction house for these items

[puckpaul]

Originally Posted by Republicaninmass

Either flippers trying to maximize on cards.


Long time collectors trying to get out.

Nobody passed away or ran off of funds and needs to sell 3 of the same card at once.


At some point, the market will be/is saturated. I've never seen anything quite like 4 or 5 52 May's in a major auction house.


Also, lelands, the first 300 lots are all modern. I cant believe the demand is there in an auction house for these items

I agree. I didn't even bother looking through the auction after that.

[Johnny630]

A lot of Killer Great looking 52’s in this auction. Willie Mays PSA 8, Eddie Matthews PSA 7, Pee Wee Reese PSA 8 is killer and many more including a 52 Topps Pack PSA 7 WOWZERS.

[chadeast]

Originally Posted by mrreality68

Sensory overload.

This is an amazing auction with a great cards and memorbelia and variety of it all

Jeff, I was going to tell you not to look if you were worried about losing focus on your collecting goals! Another stunner from REA.

[Jewish-collector]

Serious question - Can someone please explain to me how you all keep track of so many auctions happening at one time ?

[mrreality68]

Originally Posted by Jewish-collector

Serious question - Can someone please explain to me how you all keep track of so many auctions happening at one time ?

For me it is simple.
1. I am obsessed
2. I have know life
3. This forums reminds us of many auctions both via the advertisement on top and the posts when things are open or interesting
4. Auctionreport.com has most(not all auctions) and their schedules

I as long as I stay focused on my collection it is a look and pass or a look and watch/bid.

[Snapolit1]

Originally Posted by Jewish-collector

Serious question - Can someone please explain to me how you all keep track of so many auctions happening at one time ?

I get 30 emails a day from auction houses. I’m more likely to forget my wife’s birthday.

I go through the auction once very early on. Drop from 0-10 bids at very low levels. Then reappear in the last day and decide how badly I really want any of the things I put bids on. Often times the answer is not at all, or I picked up something nice in the interim and no longer feel compelled to buy anything.

If there is an auction with something that I really want I will calendar the closing on my phone so it’s on the radar.

Often I will sort by “recent bids” on the final day and see if per chance something cool was missed.

[Wanaselja]

Originally Posted by Snapolit1

I get 30 emails a day from auction houses. I’m more likely to forget my wife’s birthday.

I go through the auction once very early on. Drop from 0-10 bids at very low levels. Then reappear in the last day and decide how badly I really want any of the things I put bids on. Often times the answer is not at all, or I picked up something nice in the interim and no longer feel compelled to buy anything.

If there is an auction with something that I really want I will calendar the closing on my phone so it’s on the radar.

Often I will sort by “recent bids” on the final day and see if per chance something cool was missed.

Exactly how I do it too.

[RedsFan1941]

Originally Posted by Wanaselja

Exactly how I do it too.

steve is a sharp one.

[Snapolit1]

Originally Posted by RedsFan1941

steve is a sharp one.

Master of the obvious some might even say.

[puckpaul]

Originally Posted by Snapolit1

I get 30 emails a day from auction houses. I’m more likely to forget my wife’s birthday.

I go through the auction once very early on. Drop from 0-10 bids at very low levels. Then reappear in the last day and decide how badly I really want any of the things I put bids on. Often times the answer is not at all, or I picked up something nice in the interim and no longer feel compelled to buy anything.

If there is an auction with something that I really want I will calendar the closing on my phone so it’s on the radar.

Often I will sort by “recent bids” on the final day and see if per chance something cool was missed.

Funny opening line!

Funny story regarding the opening bids…i do that too. Open up or place early bids on stuff and then decide later which I am really interested in at what prices, so I don’t have to comb through the whole auction again or forget…..

Soooo…I was bidding in an auction of large Gromit (Wallace and Gromit, i find it hilarious and its another obsession) artist-designed sculptures/statues some years back. You know, they make a trail of them outside at places and its a great promotion and tied to charity. There was an auction of them that i missed in the UK (Gromit’s home base) where the prices went crazy, $10-60k. so then there was one in Hong Kong, and i went through the 50-odd pieces and found 3-4 i was interested in with the intention of buying one to have. They started at $1000-1500, so I figured, what the heck, I will put opening bids in on the four and then decide….

Well, as would have it, not so much interest. In fact, i won three of them. And I didn’t realize two of the three were enormous! 5 feet tall plus a 2 foot mount. Shipping was really expensive from HK, so I had conveniently not factored that in (turned out to do in bulk wasn’t that bad…probably prohibitive today!).

Here is a photo of the two large ones for kicks….

I am glad I have them though, still think they are very cool and great fun, and good story to tell. Kids love them.

[Jay Wolt]

Paul, they look great how you have them displayed

[mrreality68]

Originally Posted by chadeast

Jeff, I was going to tell you not to look if you were worried about losing focus on your collecting goals! Another stunner from REA.

No worries Chad (not yet for a year or so at least)

Already over spent and there are other things in my focus if I do

LOL