Hunt's Auction Results

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Posted By: tbob

I was a little surprised at some of the winning bids. Contrary to what a few might believe, caramel cards continue to be red hot. A lot of the lots sold for the projected values but caramel cards went for twice, sometimes three times projected values. The E94 Wagner in Vg went for $2000 and the E94 Young in Vg-VgEx went for $2200. I think Tim S. and I won the E94 lot at $2600 (that was our max) but I got blown out on the T207 Red Cycle Lowdermilk in G/Vg (first red Cycle back I have ever seen).
I was hoping that so little mention on the board of the Hunt's Auction and so much about Mastro might mean not much action but caramel cards continue to soar. I think what is happening is that a lot of tobacco cards are getting "flipped" by winning bidders but caramel cards are going directly in to collections and therefore they are really drying up. You can still find Dockmans, E93s, E95s and E96s but the rest of the vintage 1909-1915 caramels are becoming impossible to find, especially in nice condition....

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Posted By: anonymousdave

..on the beat-up D359's and the Stevens Firarms HR Baker.

anybody here win the D359's ??...I need one from the lot and can swap you a nicer one in trade.

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Posted By: petecld

Sorry guys, I contributed a little to the E94s selling so well. I didn't think my bids on the lot and the Wagner were winners but I DID think my $1800 bid on the Young would have won it. . . oh well.

Bob, fess up. . . did you win the Young?

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Posted By: tbob

Pete- I didn't bid on it. The guy I promised not to bid on it, gave me a recpirocal promise not to bid on the lot of 13. I did the same thing on the Wagner with another collector. I know how you love Young color variations so that must have been a real disappointment. I wonder how much longer E94s keep going through the roof, regardless of condition?
I am wondering who the winning bidders on the 2 cards were. I have a feeling they were from this board....
Bob

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Posted By: Joe_G.

I've been out of touch for the last couple weeks and missed out on the auction. I would have been interested in lot #1006 for the Jack Rowe Old Judge. Anyone here by chance win that lot?

Joe Gonsowski
twinturbo@comcast.net

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Posted By: barrysloate

My faxed bid of $800 on the lot equalled the $800 bid posted on their website, but the way they run the auction I have no idea if I won the lot. I might have, but my guess is I didn't.

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Posted By: Joe_G.

Thanks for the reply Barry, let me know if you came out on top and maybe we can work out something on the Rowe card.

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Posted By: tbob

My experience with Hunt's yesterday has left me with a sour taste in my mouth. I placed a maximum bid on my lot of $2600. Barry Sloate had also left an absentee bid on the lot of $2400, so the lot officially opened up at $2500. The lot officially ended with a live bidder winning at $2600. I do not understand why the live bidder wouldn't have had to bid above $2600 as my bid was made days before. So the bottom line was I bid $2600 and lost the lot to another bidder who 3 days later entered his bid for $2600. I guess the winning bidder might have gone ahead and bid $2700 and won the lot but the basic principle is that if you place an absentee bid in their auction you are basically screwed because unless someone calls out your bid from the side of the hall, it will go unnoticed. Maybe the theory is that since live bidders pay immediately, Hunt's would rather take the bid of a live bidder than deal with an internet bidder. This is not the first time this has happened to me, happening in an ebay live auction also. I don't think it is right and I won't be involved in any more of their auctions. I hold nothing against the winning bidder but I think the entire process is unfair. I know that Barry Sloate is now trying to figure out if he won any lots in the auction as his other 3 lots all ended at his maximum bid, as did mine, so he is unsure if he were the winning bidder or not. It's just not a good system...

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Posted By: barrysloate

I left word for them to call me if I won anything, so I will keep the board posted if I did. I left a bid of $1000 on the four T207, and it went for $700 plus the juice. If I didn't at least win that one, all hell will break loose. But I'll assume I did. We'll see about the other three.

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Posted By: quan

i was afraid of this very scenario (live bid takes precendence over absentee bidding) so I cancelled all my internet bids and requested to be a live phone bidder. Different approach, same result as I did not win any lots and contributed to the rising stock of e94s and caramel cards in general.

p.s.I wasn't a bidder but was on the phone when the e94 lot closed for $2600 and I was sure tbob had won it because bob had told me that was his max bid and I stupidly assumed another bidder had to go $2.7k to win it. You live and learn...

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Posted By: ramram

Tbob -
I wonder if it was because your absentee bid was placed first at the $2500 and then the floor bidder had to beat that bid which put him at $2600. You would then have to have an absentee bid in to go to the $2700, which you didn't have. That would be my guess anyway.

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Posted By: tbob

Yes, according to the winning bidder who was there live that is exactly what happened. Since Barry Sloate had a bid of $2400 (absentee bid also), the lot opened up at $2500. The live bidder then bid $2600 and won it. My point is that since I had already entered the $2600 bid and Hunt's claims to show no preference between absentee and live bids, the auctioneer should have recognized my bid and the winning bidder should have had to bid $2700 to win. It's all spilt milk now and maybe David would have gone ahead and bid the $2700 and I would not have won anyway but I am through with Hunt's.

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Posted By: jay behrens

All the auctioneer has to do if there in a situation like that would be to inform the live bidder that there is already an absebtee bid in place at $2600 and the live bidder now needs to bid $2700. This way, the absentee bid can remain hidden from bidders. Otherwise, there is no point in being an absentee bidder for any live auction.

Jay

I've just reached Upper Lower Class. I am now officially a babe magnet for poor chicks.

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Posted By: Paul

This really is nuts. If Barry's bid had been $2500, your absentee bid of $2600 would have been enterred, and the floor bidder would have lost, unless he was willing to go higher. The amount of the THIRD PLACE bidder's bid should have no impact on the result of the auction. Any auction where it does have an impact is using a bad system.

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Posted By: Elliot

Deciding on which $2600 bid to recognize is at the discretion of the auctioneer. It is the same as if the bid is $2500 and then two live bidders bid $2600, the auctioneer has to decide which $2600 bid to recognize. In this instance the auctioneer chose the live bid over the absentee bid. Normally a live bidder will have an advantage over an absentee bid or a telephone bidder.

Having said that, if i was the bidder not recognized, i would be upset, and I certainly share Bob's frustration.

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Posted By: Richard Simon

In response to posts on this thread from Jay and Elliott I would say that Jay you are correct and Elliott you are incorrect.
I have sat at many a live auction, Phillips, Lelands, Christie's, Sotheby's, Guernsey's, etc. I also worked for Phillips and Guernsey's as a consultant, and assisted during the actual auction as they were ongoing.
As far as I can remember, these auctions ALWAYS gave precedence to the bid that was ON THE BOOK, over a live bid. The $2600 absentee bid of Bob's should have taken precedence over the live bid of $2600. ANY OTHER auction that I have seen would have made the live bidder bid $2700. Earlier bids should always have precedence, wherever they come from.

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I refuse to engage in a battle of wits with an unarmed opponent.