REA Chat tonight in our chat room

[Leon]

Originally Posted by Wayward99

Thanks so mush Leon!! LOL - that's awesome!

I have no horses in this race (REA), but I've been following it as I'm starting to register with some of the auction houses. Out of curiosity, how long has the auction gone for past the 4pm initial bid time in prior years?

I should add to the previous comment that the broken English wasn't a big deal. I am sure they communicate better than I do in their language, but when combined with the "more questions than answers" attitude we got from them it made it all the worse.


Pertaining to the REA closing...
Here is what the REA last email said...

Bidding will continue on all lots after 4:00 PM EDT, but only for those bidders who have previously bid on that very lot. The auction will remain open for bids until approximately fifteen minutes pass without a bid, but as a practical matter, the auction will almost certainly continue for many hours after 4:00 PM EDT. If the auction continues to as late as 11:00 P.M. EDT (which has always been the case in the past), Robert Edward Auctions reserves the right to close the auction, at its sole discretion, at any time. After 11:00 PM EDT, we may close the auction without reference to the fifteen minute rule. We recommend bidders leave maximum left bids utilizing Robert Edward Auctions' "Honest Auto-Bid" system to avoid disappointment.

There will be no warning to exactly when we will close the auction should bidding continue past 11:00 P.M. While in past years the auction has always remained open past 2:00 A.M. EDT (technically the morning of May 13, 2012), we cannot make any guarantees. The auction could close earlier or later. Last year the auction closed a little after 3:30 A.M. After 11:00 PM there is an uncertainty. If you choose to not place a bid after 11:00 PM, you are incurring a risk. This closing system is designed to eliminate strategies which intentionally encourage the auction to remain open endlessly for the express purpose of giving an advantage to bidders who have the ability to literally stay up all night. (Some bidders, if given the opportunity, would repeatedly bid on the smallest value items just to extend the auction, in the hopes that competitors on very significant lots will fall asleep. This closing system takes the power away from bidders who use this strategy.) The auction goes late enough as is.


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[btcarfagno]

Enjoyed it last year and hope to be there this year. Have three consignments and am bidding on three lots, so it will be an eventful evening for me.

Tom C

[Wayward99]

Originally Posted by Leon

I should add to the previous comment that the broken English wasn't a big deal. I am sure they communicate better than I do in their language, but when combined with the "more questions than answers" attitude we got from them it made it all the worse.

Leon, I meant no disrespect; it just caught me funny. I understand your frustration in dealing with the situation.

[z28jd]

I could make it to the chat but I have mush writing to do tonight so instead here is what I would've said.

I should've never got my hopes up that I would finally win something in REA. Every year I place a ton of bids and I've never even been the underbidder on one of their lots. Once I came in third, a moral victory on my part. Twenty-six lots with bids and 26 lots I didn't win. Damn you REA (stops typing to shake fist at their website)

[barrysloate]

I just tried out the chat room for the first time only to discover I was the only user, so I just had a chat with the four walls. Quite satisfying.

[frankbmd]

Originally Posted by barrysloate

I just tried out the chat room for the first time only to discover I was the only user, so I just had a chat with the four walls. Quite satisfying.

Take some mush to the chat room to nibble on until others arrive.

[barrysloate]

By the time everyone gets there I'll be asleep....

[rainier2004]

Originally Posted by frankbmd

Take some mush to the chat room to nibble on until others arrive.

Mush?

[MikeGarcia]

Originally Posted by rainier2004

Mush?

..sounds like someone has never gone fishing for carp nor has he ever raced across the frozen Arctic tundra on a dog sled , like most of the rest of us have.... ON YOU HUSKIES !...ON KING !

[Rob D.]

Originally Posted by rainier2004

Mush?

Basically, corn meal formed into a square patty, then fried in a skillet. Pretty old school.