REA Summer Auction is open

[BigfootIsReal]

Originally Posted by JeremyW

I'll take the over.

Guess I should proof read. Was thinking 34K

[mrreality68]

WOW

Sensory Overload

Every where you look a WOW card

Many Cards/players I do not collect but the temptation is there are these rarities and goodies

[parkplace33]

Very curious what the T206 registry set ends up at. Some nice cards.

[brunswickreeves]

I’m intermittently scrolling through this auction for a dopamine rush.

[Bobbycee]

Originally Posted by parkplace33

Very curious what the T206 registry set ends up at. Some nice cards.

My guess, Hammer : $325,000

[BigfootIsReal]

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

[timber63401]

Originally Posted by BigfootIsReal

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

Not ever too many steals in REA. Awesome auctions with awesome items but way too many eyeballs to get many deals much less steal anything from them. A couple times over the years made what I thought were real strong bids on a few of their 50s and 60s shoebox collections and just get creamed.

[Casey2296]

New money, flipper money, investment money, has found its way to the pre and post war market. PC collectors have had to pivot to stay interested or just pay the freight to add to our collections. What used to buy 3 cards now buys one.

[Lorewalker]

Originally Posted by timber63401

Not ever too many steals in REA. Awesome auctions with awesome items but way too many eyeballs to get many deals much less steal anything from them. A couple times over the years made what I thought were real strong bids on a few of their 50s and 60s shoebox collections and just get creamed.

Yup. I refer to this the giddy tax. There are certain auctions where there is a sense of pride collectors take in overpaying and participating. Nobody steals anything in REA...they generally pay up.

[midmo]

We don't all have unlimited funds or are only interested in one item. Most people I know put in placeholder bids then see where things are on auction night. If I shot my best shot on every item I have some interest in and then accidentally won everything I'd have to sell my house to pay for them.

Originally Posted by BigfootIsReal

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

[calvindog]

Originally Posted by BigfootIsReal

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

How is it a last five second situation when REA has a 15 minute clock? Why would any bidder push the lot up to a max with a week to go?

[BigfootIsReal]

Originally Posted by calvindog

How is it a last five second situation when REA has a 15 minute clock? Why would any bidder push the lot up to a max with a week to go?

So you're saying the guy who bid 14K really thinks he's getting a 30K+ card for that? Bidders that wait the last few minutes to bid still end up paying a more realistic price (they won't steal it for 15K). These thirty day online auctions are plain dumb. If promoted right they can be done in a day. Look at MECUM Auctions, they auction off a 250K car in less than a minute.

[Republicaninmass]

Originally Posted by Bobbycee

My guess, Hammer : $325,000

Lot.of time left...200k

[rand1com]

Originally Posted by Republicaninmass

Lot.of time left...200k

Reserve not met. Not sure if this message was there before the OT bidding started or not but I did not notice it until the 9:00 PM open bidding stopped.

[BRY68]

Originally Posted by parkplace33

Very curious what the T206 registry set ends up at. Some nice cards.

As of 11:06 pm EST, “reserve not met”

[Bobbycee]

Originally Posted by BRY68

As of 11:06 pm EST, “reserve not met”

The Reserve was 300K. As a complete T206 set owner, of similar grade average- that ending was not what I wanted to see.

[rand1com]

So $300K reserve becomes $360K to the buyer plus sales tax of another $20K or so depending on the state. This set missing 2 keys of the 520 is not worth close to $400K to a collector. Hence, no buyer. If it had been announced at the outset that there was a reserve, it would have saved a lot of bidding.

At least Heritage starts their auctions at the reserve if there is one. They would have started it at $300K and there would have been zero bids. Saves a lot of wasted time for bidders.

[sb1]

Originally Posted by rand1com

So $300K reserve becomes $360K to the buyer plus sales tax of another $20K or so depending on the state. This set missing 2 keys of the 520 is not worth close to $400K to a collector. Hence, no buyer. If it had been announced at the outset that there was a reserve, it would have saved a lot of bidding.

At least Heritage starts their auctions at the reserve if there is one. They would have started it at $300K and there would have been zero bids. Saves a lot of wasted time for bidders.

Heritage posts the reserve and raises the lot to the reserve 48 hours prior to the auction ending, not at the start. Although they might mention it has a reserve from the beginning.

[parkplace33]

Originally Posted by Bobbycee

The Reserve was 300K. As a complete T206 set owner, of similar grade average- that ending was not what I wanted to see.

Was the reserve added later or at the beginning of the auction?

[Bobbycee]

Originally Posted by parkplace33

Was the reserve added later or at the beginning of the auction?

It was set from the beginning but I don't think REA noted it until mid way through the auction. Only then was it stated "Reserve Not Yet Met". Never was a Reserve Price mentioned.