This is my first year bidding in REA, but I'm already thinking about strategy for next year. I'm thinking the best strategy is to put in a bunch of bids on the first day so that you can get qualified for the extended bidding session. Since all lots close at the same time, you can move bids around depending on which items are hot sellers and which ones aren't. (And you bid on the first day, so that you can be assured you won't be winning all of those lots you bid on.)
For example, in this auction, I was thinking of trying to pick up a T206 Magie or O'Hara StL version. There are multiple versions of each card out there. However, basically, I'm stuck right now. I bid on a PSA3 Magie, which right now is at 13K. However, there's another PSA3 Magie, that's only 9500 right now. I can't bid on it because I didn't put a bid on it during early bidding. (The 13K Magie was actually cheaper when I put my bid in.) I don't know if I'd actually pay that $$$$ for the Magie, but I'd at least want to have the choice to think about it. Same thing with the O'Hara. Same thing with the O'Hara where one version of the card is cheaper than the others.
Not sure if there was the option to put in a straight bid in early bidding, but if I really wanted a lot, I think it'd do that early to try to knock out potential bidders to go into extended bidding. When the lots you want have 20 or so bids already entering Extended Bidding, you have a feeling it can be a rough run.
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05-01-2010, 11:01 PM
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