REA open for bidding!

[tbob]

Originally Posted by Bosox Blair

Guys, this activity on day 1 is not a surprise, is it?

I'm not saying 2011 won't be a year for high prices at REA (maybe it will). I'm just saying that day 1 activity from this auction is a useless tool for trying to predict final prices.

Cheers,
Blair

Blair- I agree but the large number of bids is an indicator that collectors want to be able to be eligible to bid on the last night and might be an indicator of late activity, I guess we'll see.
tbob

[Leon]

Originally Posted by tbob

Blair- I agree but the large number of bids is an indicator that collectors want to be able to be eligible to bid on the last night and might be an indicator of late activity, I guess we'll see.
tbob

Ya never know where bids will end up on the last night/morning. No doubt most of the first bids are marker bids and it does look like some folks put in max bids, as I was outbid on some instantly. I have had bids hold up from day one though....it just depends on the item. If it is a rare back T206 going for 1/5 of the money it should, you can count on it not holding up. If it is more niche or esoteric, it actually could. It's always interesting to see how long my bids will hold. It's sort of funny too in that if they all held up I would be looking for a second mortgage . "Non paying bidder?".....how about "Can't afford to pay- Bidder" ......Good luck to all who go for something. Of course I have my eye on a lot or two so please stay away from those. It's all those high grade cards I am after....

[Bosox Blair]

Originally Posted by Leon

It's sort of funny too in that if they all held up I would be looking for a second mortgage

I'd say you are not alone, sir!

Cheers,
Blair

[Orions father]

I was a little surprised on the amounts of bids already also. I would have to agree with tbob that it is a decent indicator of a possible strong finish. If 5 to 7 people already put in a bid on an item, a day before the auction was advertised to start, I would reason that those people want to be in early to be able to go into the extended bidding. It only takes two serious bidders to make a consigner happy. Hopefully not wishful thinking.

[deadballera]

I placed bids on a few items...notified that I was the high bidder.

Within 5 minutes, was outbid on all of them. WOW !!!

[Bosox Blair]

Originally Posted by tbob

Blair- I agree but the large number of bids is an indicator that collectors want to be able to be eligible to bid on the last night and might be an indicator of late activity, I guess we'll see.
tbob

Hi Bob,

Definitely if I was Rob L. or a consignor, I'd be encouraged to see big bidding activity from the start.

Cheers,
Blair