Lelands Auction Going Strong Still Lots of Room

[joshleland]

Just a reminder that initial bids must be in by 9pm

The Robinson jersey is at about 250k
There are still many great deals
There are still 100+ lots with no bids
If you have the only bid before 9pm the lots is yours
You can go to bed early and sleep late too

We have had great feedback on the sale and there is lots of FRESH stuff
Take a look, it is not too late

I am here at the office if you need anything
516 409 9700

Thanks
Josh

[Leon]

Good luck tonight Josh. Hope to see you at the 2013 National.

and if I didn''t have one of those neat baseball cards, 1928 SOCIEDADE INDUSTRIAL, I would be all over them. .. (they aren't mine and I have no idea who the consignor is)

[joshleland]

Al Rosen got them from a gentleman in Spain several months ago
We bought them from Rosen

Muy bueno
Josh

[packs]

I've got a high bid now, here's to hoping it holds.

[Runscott]

High bidder on one of my 'grail' items. Yeah, I require lots of grails to quaff my virtual card ale.

[packs]

Still winning my lot too. I gotta tell you I'm amazed to be on top. But I'm maxed out. One more bid will bump me.

[Runscott]

That 10-minute rule is crazy. If I get outbid, do I get an email?

Scott <=== hoping to wake up poor, but happy

[perezfan]

yes

[packs]

I really wish there was a clock.

[Runscott]

Quiet - I'm trying to sleep.

[wonkaticket]

Does this end this month or next year?

[atx840]

What a beautiful UZIT and BL460

[packs]

I'm pretty sure I won. Every other lot I click on says its closed so my lot must be closed too, right?

[joshleland]

not closed yet
josh

[packs]

Ah. Keeping my fingers crossed.

[wonkaticket]

Not a dig at Josh but is it really unrealistic to expect an auction any auction to close from extending bidding in less than 8hrs? This 10min rule is just brutal. Perhaps close the lots early say 12pm?:

Anyways looks like I won something nice auction Josh with nice stuff etc. Congrats on a successful auction.

Cheers,

John

[barrysloate]

I say get a good night's sleep, set your alarm early, make a pot of coffee, and get your final bids in. It doesn't even pay to stay up all night ( I'm not bidding, just making a general comment).

[philliesphan]

winning one lot...but was outbids at shortly before 4 a.m. EST.

Would have bid again, but Leland's loss (and the consignor's) for setting up the auction that way. Hope the winner enjoys his item.

[Runscott]

It's really not that bad. You'll get notified if someone outbids you - if you have email going to your phone, just place it next to your bed and go to sleep. Also, can't you ask for a callback on lots over $500?

Not sleeping is what big auctions are all about

[packs]

Looks like I won!

[wonkaticket]

That sucks Marc, sorry.

This is why I don’t like this never ending 10 min rule. The bidder has three choices wait it out and bid which could go on forever. Go sleep hope guess a rough time to get up to bid again risking that when you return at 1-2am the auction is in fact shut down. Finally put trust in the proxy bid system with a ceiling bid which lots of folks are a bit scared of using.

Seems to me you end the thing around 12 or 5pm EST time then from then go into extended bidding. With a rough commitment to your customers that it won’t go past certain time period. Simply put what is happening is folks on the west coast start sitting down after watching late night TV to tuck into bidding until 2am. Just a late night at the bar for them but the schmucks on the east coast go without any sleep and are up with the Amish.

Seems to me there’s a better way to get folks to drop 10’s of thousands of dollars and be respectful of their time as well. Like I said not a bash on Josh most all auctions do this I just think there has to be a better way.

Cheers,

John

[wonkaticket]

Originally Posted by Runscott

Not sleeping is what big auctions are all about

Scott I agree once/twice a year no big deal, but there are dozens upon dozens of auctions these days. Sooner or later seems you would want to offer your customers a better solution than having to crawl out of bed like a fireman on call at 3:45am.

I really feel these guys leave more money on the table with this system than if they had a more firm timeline of ending. I know I would spend more with auction houses if I knew they had a more firm shut down time or knew I wouldn’t be up past a reasonable point.

Cheers,

John

[atx840]

John, nice score, I agree that there has to be a better way. The SCP (as you know) didn't have a countdown clock and you sat up waiting blind, did Leland's at least have the 10min countdown.

Why not have initial bids in by noon and then have extended bidding start mid day. Fortunately I am on MST, but there have been several occasions I'm still up watching a lot when Johnny is getting out of bed in NJ.

[Runscott]

Originally Posted by wonkaticket

Scott I agree once/twice a year no big deal, but there are dozens upon dozens of auctions these days. Sooner or later seems you would want to offer your customers a better solution than having to crawl out of bed like a fireman on call at 3:45am.

I really feel these guys leave more money on the table with this system than if they had a more firm timeline of ending. I know I would spend more with auction houses if I knew they had a more firm shut down time or knew I wouldn’t be up past a reasonable point.

Cheers,

John

John, I basically agree with you - I was just trying to be positive , especially after the negative Lelands comments Saco posted.

I think the 20 or 30 minute 'per lot' method is the only realistic way to go. Last night I was only interested in one lot, and no one bid on it after 7:00pm, so I knew very early that I had won. But if I had been going after multiple high-$ lots, and only had a fixed amount I could spend, the 10-minute rule would have made it impossible . I would have had to assume that I would win everything I was bidding on, which would have meant I couldn't bid on anything.

[wonkaticket]

No clock that I can recall Chris, I really think the ten minute rule should be on a per lot basis. No need to for me to be up till 5-6am because two dudes on the west coast are battling it out over a 1975 Topps set etc.

[wonkaticket]

Scott if I’ve told you once I’ve told you a dozen times stop being positive.

[seablaster]

Originally Posted by wonkaticket

No clock that I can recall Chris, I really think the ten minute rule should be on a per lot basis. No need to for me to be up till 5-6am because two dudes on the west coast are battling it out over a 1975 Topps set etc.

I echo Wonka's sentiment as well. I wish all auction houses would be kind and have lots close on an individual basis. I would also ask for extended bidding to start early. Having finally had the unfortunate experience of missing an auction end due to exhaustion after a grueling day at work, I no longer share the romanticism of staying up till all hours of the night bidding.

[philliesphan]

maybe three auctions per year that I'll stay up late for. Leland's Winter Catalog certainly doesn't pass that mark.

It wasn't anything I was dying to have, so I'll move on and forget about it quickly. I just think that some auctions do a disservice to their customers and consignors by essentially allowing them to go on through all hours of the night.

We're all adults here [although we don't always act that way...]. Give us a set of rules, and we'll adopt our bidding patterns to suit. I'm not convinced that extended bidding that goes 5, 10 or more hours really benefits anyone in the end -- particularly the auction house and consignors.

m

[sb1]

Even if you have initial bidding end at noon, the auction would go until the wee hours of the morning. REA actually has theirs end at 4 or 5 pm. EST and still goes til 3:30 am or later.

In our last auction we did the individual lot ending and the whole auction was over about midnight. You could see much more action on the lots earlier as bidders were aware that it was not going to be a hold out and wait em out situation.

Scott

[barrysloate]

The problem is nothing compels a bidder to get his bids in early. REA closes at 4:00 PM and there are tons of bidders who wait eight or ten hours before they first sit down to bid. I always believed the system was flawed but no auction house seems to care. They like it just the way it is.

[sportscardpete]

I bid on the UZIT early in the auction and completely forgot about it.


Ended up winning it and got a good night sleep. Have no complaints.

[Runscott]

Originally Posted by barrysloate

The problem is nothing compels a bidder to get his bids in early. REA closes at 4:00 PM and there are tons of bidders who wait eight or ten hours before they first sit down to bid. I always believed the system was flawed but no auction house seems to care. They like it just the way it is.

Sitting here with a beer, mulling over the endless NFL playoff possibilities, so...

The biggest problem I see for Lelands is that their auction is boring on the final night. I placed my bid, and it would have been kind of 'fun' to watch the clock count down for my lot and know that I had won. It turned out that no one bid after my 6:00pm bid, so it was a waste of time watching the auction. With no clock, you have absolutely no idea what's going on. I know that 'fun' isn't supposed to be part of spending money, but this is a hobby, so it is.

I thoroughly enjoy sitting down with a bottle of red wine and watching my lots approach the end of the 30 minutes. It's entertainment. It's also kind of fun to put in a high ceiling bid, and watch someone manually bidding one increment every 29 minutes, while I just sip my wine and smile. Unless, of course, they run me all the way up to the maximum

[jefferyepayne]

This was my first time participating in Lelands and I don't know if I will do it again if this is the way they will continue to run their auctions.

1. I don't enjoy staying up all night so instead I bid for a while and then go to bed. I know this resulted in less $$$ for the auction house as two of the lots I was bidding on I would have bid more if I had know I was outbid. If lots ended one by one I would definitely stay up as long as necessary for those individual lots to close.

2. It's frustrating to not have a timer that shows the amount of time left in the auction. I like to keep track of the time left and also enjoy watching the countdown to the end.

jeff

[calvindog]

Originally Posted by Runscott

The biggest problem I see for Lelands is that their auction is boring on the final night.

It wouldn't be so boring if you could watch a dog bid on lots.

[Leon]

Originally Posted by calvindog

It wouldn't be so boring if you could watch a dog bid on lots.

I saw a dog driving a car, by himself, on Good Morning America, yesterday. Probably the same dude.

[calvindog]

Originally Posted by Leon

I saw a dog driving a car, by himself, on Good Morning America, yesterday. Probably the same dude.

Ask Josh.

[Runscott]

Originally Posted by calvindog

It wouldn't be so boring if you could watch a dog bid on lots.

well-played

[bobbyw8469]

I am in agreement with everyone else. Not fair to the east coasters to have auctions go all hours of the night. Definitely favors the West Coast. I believe Hunt Auctions, Legendary, Huggins & Scott and a few of the others have it right. End lots on an individual basis - that way you get only the bidders who are actively interested in certain lots, and force them to bid or give it up!

[glchen]

A couple of years ago, it seemed to be the consensus that ending auctions lot by lot hurt consignors (but not bidders) (see this thread: Link), and Huggins & Scott even had a poll once asking if they should change their auction ending procedures. (The results were to keep it the same.) However, it looks like the thinking is changing where consignors are now also believed to be disadvantaged by the all lots close at the same time style.

[Leon]

Originally Posted by glchen

A couple of years ago, it seemed to be the consensus that ending auctions lot by lot hurt consignors (but not bidders) (see this thread: Link), and Huggins & Scott even had a poll once asking if they should change their auction ending procedures. (The results were to keep it the same.) However, it looks like the thinking is changing where consignors are now also believed to be disadvantaged by the all lots close at the same time style.

Scott and I have had many discussions on how to end our auctions. And we do have enough lots for it to stay open until 4am+ CST. At this point, with our auction s/w finally being able to do it, we believe keeping all bidders interested is the best strategy. That means letting everyone have an equal chance and closing them individually. He and I are both very active collectors and we both feel we will bid more if we are ON a lot and can stay on it, instead of playing the "how late can I stay up" game. Now, that being said...a company like REA with only one auction a year, we will make an exception for and stay up. Many times on the all-nighters I go to bed before they are over, thereby causing the consignors potential money in their pockets. I don't bid in my sleep and I rarely leave up to bids. There is no perfect answer but this is our thinking right now. We reserve the right to change our minds. One thing everyone should also keep in mind too, the reason some might not close individually is because their s/w won't let them. Yes, one of the major s/w's used wouldn't ever allow us to close individually.. That is one reason we changed s/w. Happy collecting.

[botn]

Has anyone received their invoice? I only got a notification of what I won. Maybe they are catching up on sleep????

[Runscott]

Originally Posted by botn

Has anyone received their invoice? I only got a notification of what I won. Maybe they are catching up on sleep????

Not yet. They said to wait for the email or paper invoice.