Still Going Strong - MEARS December 2010 Auction

Leon · #1 12-31-2010, 10:32 AM

Quote:

Originally Posted by perezfan

The weather here in Seattle is frigid, but life is still great. There are still a large number of lots with no bids (mostly photos- some very cool) despite the extended timing. Derspite being a "West Coaster", I think it's great that the auction continues. I found a few obscure pieces that I wouldn't have otherwise, and everyone now has an equal shot.

Each lot will go to the highest bidder regardless of their bedtime, and that's not so bad. In fact it's a great scenario for consignors. As a consignor, I much prefer this format to H&S, Legendary and Hunts, but that's just me.

It's possible that Mears can't end it, as the auction software might not allow it while bids are still coming in. I have heard of this happening in past auctions. Still a ton of bargains to be had, so it's kinda fun... I'm heading back to their site right now

They could easily end the auction manually. At worst case with the help of the software people. That being said, as long as bids are coming in, if I were them, I wouldn't end it. I have seen auction houses end auctions manually with bids still coming in. If I were a consignor in one of those auctions I might not be that happy. Call me greedy but I want my consignments to sell for as much as they can. best regards

bobbyw8469 · #2 12-31-2010, 10:55 AM

again, my point is being missed.....I wish some East coasters would chime in......me personally, if it is going to be this particular format, I am GLAD it is extending into day two!!!!

BBSD · #3 12-31-2010, 11:07 AM

East Coast / West Coast, sounds like sour grapes. Bid your max or nurse your bids. Happy New Year Al! from beautiful San Diego.

DanD · #4 12-31-2010, 11:18 AM

I have finally found a "job" for my 7 yeard old daugther......monitor my bids and check the email.

bobbyw8469 · #5 12-31-2010, 11:19 AM

Quote:

Happy New Year Al! from beautiful San Di

I repeat, I wish some EAST COASTERS would chime in. This type of auction format favors the West Coast BY FAR. If it is ABSOULTELY going to be this type of auction, I am GLAD it is extending into the 2nd day. Most of the people complaining are actually West Coast people who realize now that they aren't controlling the end of the auction. They are used to being the last ones bidding, and have been "sniping" items for years. Yea, I know I could leave a proxy bid, but I got one word to say about that - MASTRO! The east coasters are waking up and now who knows when this thing will end!

barrysloate · #6 12-31-2010, 11:26 AM

Of course there are ways to shorten these auctions by simply changing the way they end, but no auction house seems to care. One change I implemented was to reduce the 15 minute interval to 10 minutes, and finally to 5 minutes, to compress the time it took to place final bids. It didn't hurt anybody and my auctions typically ended in the midnight- 1:00 AM range. I always felt having an auction run all night was unnecessary. But I get the feeling I was in the minority on that one.

GoldenAge50s · #7 12-31-2010, 11:31 AM

I can assure you of one thing--if my Lot gets even 1 more bid after this much time, whether I win or not, I will NEVER bid on a MEARS auction again & will make sure many more will know about it.

Leon · #8 12-31-2010, 11:34 AM

Quote:

Originally Posted by GoldenAge50s

I can assure you of one thing--if my Lot gets even 1 more bid after this much time, whether I win or not, I will NEVER bid on a MEARS auction again & will make sure many more will know about it.

And as a bidder I thank you from the bottom of my wallet

.

barrysloate · #9 12-31-2010, 11:41 AM

There is an inefficiency in all these auctions but it's clearly not a priority to fix it. REA, for example, has a closing time for initial bids of 4:00 PM. But everyone knows that ten hours later the auction will still be going strong. So what happens? 75% of the bidders don't even start bidding until ten hours later. To repeat, that is an inefficiency and it would seem logical that most businesses would try to correct it.

I always said that the simple threat of closing early- imagine sending out an email on the last day which states no matter what the auction will close at midnight- would get everyone who procrastinates to start bidding early. You wouldn't even have to close it, you could still let it go into the wee hours if needed. But I bet the auction would be deluged with bids at a much earlier hour.

However, noone seems to care, and nobody is going to change the way they close these things.

ibuysportsephemera · #10 12-31-2010, 11:47 AM

My point was not to complain about auctions that have a lot of activity. I am glad that at least a few of you understood that. I have not changed my opinion one bit....It is ridiculous that an auction that has no activity for hours, has to stay open because of a few (or many) hotly contested auctions. At this point I have been outbid on 2 of my 10 auctions, and it has been about 10 hours since I placed my original bids. I will not bid any further and I am certainly annoyed that I stayed up to participate (which I enjoy doing) and the auction is still going on.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
MEARS Auction Ends Tonite	MEARSAUCTIONS	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	1	12-31-2010 06:05 AM
MEARS Auction End tonight at 9:00 CST w/ 15-Minute Rule (Saturday, November 27, 2010)	MEARSAUCTIONS	Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used	0	11-27-2010 06:22 PM
T206 Wagner in the Mears auction	Jim VB	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	27	06-01-2010 03:29 PM
Discussion about B.S.T. Auction End Times and Determining an Auction Winner...	leftygrove10	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	26	06-25-2009 08:26 AM
Memory Lane Redux?	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	162	04-18-2007 06:51 PM