Goodwin Pick-ups

[brass_rat]

I picked up this Radbourn...the back clearly has some damage, but I thought the image looks pretty nice.

I'm glad I'm not the only one to notice the lack of outbid emails. Almost made me forget that the auction was ending last night...

Steve

[Runscott]

Originally Posted by brass_rat

I picked up this Radbourn...the back clearly has some damage, but I thought the image looks pretty nice.

I'm glad I'm not the only one to notice the lack of outbid emails. Almost made me forget that the auction was ending last night...

Steve

I don't really understand the outbid thing. I generally put in my ceiling bids and walk away - if anyone wanted to pay more than what the cards were worth, they were welcome to them.

What's the strategy behind putting in a bid below what you're willing to pay, and waiting to be outbid?

[Abravefan11]

Nice card Nate. I was happy to add this to my Herzog back run especially since it's the "ONLY GRADED SPECIMEN on the planet!"

[calvindog]

Originally Posted by Runscott

I don't really understand the outbid thing. I generally put in my ceiling bids and walk away - if anyone wanted to pay more than what the cards were worth, they were welcome to them.

What's the strategy behind putting in a bid below what you're willing to pay, and waiting to be outbid?

Well, considering that there is an active federal grand jury investigation of the once biggest auction house committing massive fraud which included raising bids to the ceiling levels placed by bidders, I'd say "not getting defrauded" would be the strategy of choice.

[Kenny Cole]

Jeff,

OK, whatever. Besides that, what would be the reason?

[calvindog]

What's the strategy of walking outside with an umbrella when it's raining? I never really understood that one either.

[Kenny Cole]

Buzzkiller.

[brass_rat]

Originally Posted by calvindog

What's the strategy of walking outside with an umbrella when it's raining? I never really understood that one either.

LOL!

---

Seriously though, I like tossing in low or medium bids as placeholders to come back to later once you can see how the bidding is shaping up...

Steve

[Runscott]

Originally Posted by calvindog

What's the strategy of walking outside with an umbrella when it's raining? I never really understood that one either.

Sorry I asked. It was a serious question and I'm sure it isn't simply your strategy to avoid the auction house screwing you with a shill. Or are you really that paranoid?

[calvindog]

Originally Posted by Runscott

Sorry I asked. It was a serious question and I'm sure it isn't simply your strategy to avoid the auction house screwing you with a shill. Or are you really that paranoid?

I don't know -- have you represented any witnesses in any pending grand juries which are investigating shill bidding of auction houses? Or did you just stay in a Holiday Inn Express last night? I can tell you unequivocally (that means I'm not pretending I know something because I'm sitting behind a computer while writing on a chat board) that auction houses have looked at the ceiling bids of its customers and run the price up to that bid.

[cozmokramer]

Loving this card... Now I'll have to sell some stuff to afford it! Who needs Gypsy Queens?

[Runscott]

Originally Posted by cozmokramer

Loving this card... Now I'll have to sell some stuff to afford it! Who needs Gypsy Queens?

I think I'm getting sick. That was one of the 1872 cdv set that I sold about eight years ago, like an idiot. Those were really great little albumen cards.

[cozmokramer]

Originally Posted by Runscott

I think I'm getting sick. That was one of the 1872 cdv set that I sold about eight years ago, like an idiot. Those were really great little albumen cards.

Sorry that you let these go some time ago Scott. I'm super excited about acquiring it. I tried to get the Andy Leonard that sold as well... but it really jumped out of my price range.

Since there are only a handful of these out there and most are graded SGC AUTH, I'm just really excited to get this one that's graded a SGC 10/1.

[Peter_Spaeth]

Originally Posted by calvindog

Well, considering that there is an active federal grand jury investigation of the once biggest auction house committing massive fraud which included raising bids to the ceiling levels placed by bidders, I'd say "not getting defrauded" would be the strategy of choice.

Must be a very complex case if said allegedly active investigation is now into its fourth year.

[calvindog]

Happens all the time. Not every case is considered as important as a ticking time-bomb terror case.

[Peter_Spaeth]

Originally Posted by calvindog

Happens all the time. Not every case is considered as important as a ticking time-bomb terror case.

Does the grand jury get together once a year for coffee?

[ChiefBenderForever]

Sadly couldn't bid on the Victory

[terjung]

Originally Posted by ChiefBenderForever

Sadly couldn't bid on the Victory

I specifically thought about you when I saw that card. Sorry, bud.

[ChiefBenderForever]

Originally Posted by terjung

I specifically thought about you when I saw that card. Sorry, bud.

Thanks man, any plans on bidding were destroyed after 8 days without power and below freezing nights, it was surreal to say the least. In a span of two months almost two weeks without power from the hurricane and this brutal nor easter. Never again, bought a generator, five gas cans and having the electrical box hooked up so just have to plug in outside and start it and will have power. During the outage only thoughts were staying warm and getting the kids fed, although I did have thoughts of the Victory every now and then lol.

[glchen]

Originally Posted by Runscott

What's the strategy behind putting in a bid below what you're willing to pay, and waiting to be outbid?

I think the strategy is that you're hoping once the other bidder outbids you and has the highest current bid, he goes to bed and doesn't watch the auciton again. Then you put in a higher bid. If the other bidder sees that his higher bid still doesn't beat your ultimate max bid, he may stick around, think about it, and bid you higher.

[Kenny Cole]

That made my head hurt. If the other bidder has gone to bed, how is he going to see that he has been outbid so that he can then post another bid and bid you higher (which, unless he is a shiller, does him no good) so that you bid again? I'm not getting that part of the strategy.

[joeadcock]

Nice CDV

[bcbgcbrcb]

Lee:

I am aware of the final price on the Delahanty with the BP, same thing as what I said without the juice added in.

[glchen]

Originally Posted by Kenny Cole

That made my head hurt. If the other bidder has gone to bed, how is he going to see that he has been outbid so that he can then post another bid and bid you higher (which, unless he is a shiller, does him no good) so that you bid again? I'm not getting that part of the strategy.

Right, the other bidder will only see that he has been outbid if you put in your max bid than just an increment up. For example, if you have an internal max bid of $500 for a lot, and you bid the card to $350, the other bidder bids it to $400 and now is the high bid. Now, he goes to bed without knowing that he will be outbid by you later at $450. However, if you put in a max bid of $500, then when the other bidder bids the card to $400, he will see that he has instantly been outbid at $400. He can then decide to bid it to $450. Again, he has instantly been outbid. He can again reconsider if he's at his max for this lot, and so forth.

The other reason that people most typically don't put in their max bids for lots is that they are often bidding on multiple lots, but have a budget. If they put in their max bids on all of their lots, it will be over their budget if they happen to win all of them. Therefore, they are internally prioritizing which lots they want first, and if those lots go over their max bid for that lot, then they can move their lower priority lots to higher bids.

[Kenny Cole]

But if I understand things correctly, he's asleep. Did he wake up sometime during this tortured experience? If not, he loses just like everyone else who went to sleep and didn't hit the high bid as a result.

I've had some cocktails this evening, so I may be missing it, but as best as I can tell, if you are asleep it's real hard to bid. If you aren't there to bid, there is a reasonable possibility that you might lose.

[Leon]

Originally Posted by Kenny Cole

But if I understand things correctly, he's asleep. Did he wake up sometime during this tortured experience? If not, he loses just like everyone else who went to sleep and didn't hit the high bid as a result.

I've had some cocktails this evening, so I may be missing it, but as best as I can tell, if you are asleep it's real hard to bid. If you aren't there to bid, there is a reasonable possibility that you might lose.

I think he is saying that if xx DOESN'T put in a max bid......then yy outbids xx, is now high bidder as there is no max bid from xx, then yy is lulled into a false sense of winning, goes to bed being the high bidder and dreams sweet dreams of that great card he is going to win in the auction.....then KAPOW......xx bids, is high bidder.... yy is asleep and xx wins the card. ....or something like that....

[jcmtiger]

I started with punch cards in 1960 " I know a lot of members won't know what these are" anyway worked with computers for 35 years, and there will always be problems with software or hardware. So bidding with these auctions on-line does not always work.

Joe