Clean Sweeps - 1923 Lections Babe Ruth

[YankeeCollector]

Whoever kept outbidding me on the Lections Ruth, Congrats! I was hoping to get this card around 75k. Went for 91k Plus! Incredible!
I might have kept bidding if there wasnt the added 5% premium at 2pm and the 10% added premium at 2:30.

Whoever won- congrats!

[brunswickreeves]

That Ruth card was noted as highest graded at a 5! Somebody ended up with a gem, hopefully a Net54 member. Overall, it was a great night for Ruth collectors. Goudeys were strong, and his 1st Yankees card (W519) as well. This single signed ball went for $8.7K with BP.

[mrreality68]

Sorry you missed out Jim
Agreed it is a beauty and someone has a great card added to their collection.

[scooter729]

That Ruth Lections was so nice to see - most of them look like mine, and with the $91K price tag, I certainly won't be able to upgrade!

[bandrus1]

Anybody know what happened to the tip top Wagner

[Brent G.]

I was thrilled to score this Jackie piece for nearly 50% less than an auto I was bidding on last week at University Archives!

[4815162342]

Originally Posted by bandrus1

Anybody know what happened to the tip top Wagner

$57,600

https://www.cleansweepauctions.com/item-856707/

[4815162342]

Originally Posted by YankeeCollector

…I might have kept bidding if there wasnt the added 5% premium at 2am and the 10% added premium at 2:30…

Forgive my ignorance, but I had never heard of this until now. Granted I haven’t won anything in Clean Sweep in a long time. When did this become a thing? Do any other auction houses do this? Does the added premium go to the house or the consignor, or is it negotiable like the normal BP?

[Donscards]

Cracker Jacks went high last night in Clean Sweep---I won 5 but lost the PSA 1 1914 Cracker Jack Walter Johnson (it went $10,890)--received my invoice this morning--Buyers Premium is 20%---I didnt see anything on late add on Premiums--Don ---Added note--Shipping isn't bad. but insurance is hefty

[bandrus1]

Originally Posted by 4815162342

$57,600

https://www.cleansweepauctions.com/item-856707/

Thanks IDK why I couldnt find it

[jayshum]

Originally Posted by 4815162342

Forgive my ignorance, but I had never heard of this until now. Granted I haven’t won anything in Clean Sweep in a long time. When did this become a thing? Do any other auction houses do this? Does the added premium go to the house or the consignor, or is it negotiable like the normal BP?

It's been a rule for as long as I can remember bidding in the auction:

15. BIDS PLACED AFTER 2:00 AM EST ARE SUBJECT TO A 5% ADDITIONAL BUYERS PREMIUM, 10% AFTER 2:30 AM EST; MAXIMUM BIDS PLACED BEFORE THIS TIME ARE EXEMPT FROM THIS.

I would guess the added premium goes to the house but could possibly be negotiable if their standard BP is.

[GasHouseGang]

Originally Posted by scooter729

That Ruth Lections was so nice to see - most of them look like mine, and with the $91K price tag, I certainly won't be able to upgrade!

I remember being at one of the early National's and a dealer had just picked up one of these and none of us had ever seen one. It was in similar condition to the one you have and he had no idea what it was worth, but he offered it at $9K.

[rjackson44]

Ww wee

[calvindog]

I thought the Lections was a bit overgraded and a little faded. I was genuinely happily shocked with the price.

[oldjudge]

I'll take mine with a little erased writing.

[mrreality68]

Originally Posted by oldjudge

I'll take mine with a little erased writing.

I agree Jay your is a nice looking card
and
I am sure that Jim would appreciate it if you sent it his way
Or as a compromise My Way

[parkplace33]

Originally Posted by jayshum

It's been a rule for as long as I can remember bidding in the auction:

15. BIDS PLACED AFTER 2:00 AM EST ARE SUBJECT TO A 5% ADDITIONAL BUYERS PREMIUM, 10% AFTER 2:30 AM EST; MAXIMUM BIDS PLACED BEFORE THIS TIME ARE EXEMPT FROM THIS.

I would guess the added premium goes to the house but could possibly be negotiable if their standard BP is.

This is the first time seeing this rule. Crazy.

[oldjudge]

Jeff--I'll always listen

[Rhotchkiss]

Originally Posted by bandrus1

Anybody know what happened to the tip top Wagner

I won it.

I can’t stop buying these. I love them.

[mrreality68]

Originally Posted by Rhotchkiss

I won it.

I can’t stop buying these. I love them.

glad you got it and great pick up

[Snapolit1]

Hysterical. That's the thank you you get for staying up to the middle of the night.

Barnum would approve.

maybe they should consider "BIDDERS WHO HAVE PURCHASED ITEMS WITHIN THE LAST YEAR CHARGED AN AUTOMATIC 5% ADDITIONAL BUYERS PREMIUM"

Go for the full fk you to your best customers.

Originally Posted by jayshum

It's been a rule for as long as I can remember bidding in the auction:

15. BIDS PLACED AFTER 2:00 AM EST ARE SUBJECT TO A 5% ADDITIONAL BUYERS PREMIUM, 10% AFTER 2:30 AM EST; MAXIMUM BIDS PLACED BEFORE THIS TIME ARE EXEMPT FROM THIS.

I would guess the added premium goes to the house but could possibly be negotiable if their standard BP is.

[Beercan collector]

Originally Posted by jayshum

It's been a rule for as long as I can remember bidding in the auction:

15. BIDS PLACED AFTER 2:00 AM EST ARE SUBJECT TO A 5% ADDITIONAL BUYERS PREMIUM, 10% AFTER 2:30 AM EST; MAXIMUM BIDS PLACED BEFORE THIS TIME ARE EXEMPT FROM THIS.

I would guess the added premium goes to the house but could possibly be negotiable if their standard BP is.

16. NO BROWN M&Ms

[jayshum]

Originally Posted by Snapolit1

Hysterical. That's the thank you you get for staying up to the middle of the night.

Barnum would approve.

maybe they should consider "BIDDERS WHO HAVE PURCHASED ITEMS WITHIN THE LAST YEAR CHARGED AN AUTOMATIC 5% ADDITIONAL BUYERS PREMIUM"

Go for the full fk you to your best customers.

I'm not sure why they have this rule, but I always assumed it was to try to get the auction to end before it got too late by making it more expensive to keep bidding late into the night. Now that the auction closes on a lot by lot basis instead of all at once (I'm not sure when that change occurred), I'm a little surprised the rule still exists since I would guess there aren't too many lots that stay open late enough for it to come into play.

[Rhotchkiss]

Thanks Jeff!

[Schlesinj]

Originally Posted by jayshum

I'm not sure why they have this rule, but I always assumed it was to try to get the auction to end before it got too late by making it more expensive to keep bidding late into the night. Now that the auction closes on a lot by lot basis instead of all at once (I'm not sure when that change occurred), I'm a little surprised the rule still exists since I would guess there aren't too many lots that stay open late enough for it to come into play.

I got an email from REA suggesting they are changing their closing procedures to end auctions sooner.

[jayshum]

Originally Posted by Schlesinj

I got an email from REA suggesting they are changing their closing procedures to end auctions sooner.

I saw that in an email from REA as well. It also said that starting September 1, the BP will go up to 23%.

[Snapolit1]

Very odd to me. Isn’t the whole idea of middle of the night extended bidding that you want people to keep bidding as long as they can stay awake. How does this help sellers or consignors. Maybe I’m missing something.

[jayshum]

Originally Posted by Snapolit1

Very odd to me. Isn’t the whole idea of middle of the night extended bidding that you want people to keep bidding as long as they can stay awake. How does this help sellers or consignors. Maybe I’m missing something.

I've known Steve (Clean Sweep) a long time, but I never asked him why they had that rule. My guess has always been that they don't like staying up into the middle of the night so if they have to, they're going to make more money from it.

The following is also in their rules. I'm not sure if it has always been or if it was added when they changed to lot by lot closing. Definitely makes it seem like they want to encourage people to put their best bids in earlier rather than later.

IF THE AUCTION GOES AS LATE AS 2:45 AM EST, THE AUCTIONEER HAS THE RIGHT TO END IT AT ANY TIME WITH TEN MINUTES NOTICE.

You're right that the higher BP after a certain time could negatively impact sellers if it stops people from continuing to bid after a certain time. Apparently it hasn't been a big enough problem for them to remove the rule, though.