I understand what you're saying, Tim but you have to remember that for every buyer trying to get a good deal, there's a consigner hoping to maximize their sale price.
Not only that, but the auction house is a business as well. If they don't do everything they can to reach the max sale price, people won't consign with them and they'll be out of business.
Personally, I don't have a big problem with the format. (Maybe it could end a couple hours earlier?) I get more frustrated by being sniped last second on an eBay type auction. It's not such a big deal if you're bidding on something like a 1957 Topps Mantle PSA 7, you just decide what you're willing to pay and bid/snipe accordingly, but some of the cards on my want list come up much less frequently and I can't always base what I'm willing to pay on market value or past sales.
I appreciate the opportunity to (mostly) always place that one more bid to win a rare item. If I lose, I made the choice not to bid again vs. losing to a last second bid.
Venting over. Carry on.
Quote:
Originally Posted by timkb
I just participated and won my first Robert Edwards auction. This was the first season I tried all the major houses.
Do people generally like REA?
I found the "day of" continuing to extend the auction frustrating, and black box.
Lack of modern payment methods.
Emails telling us that they can close the auction anytime at 10pm to obvious....
Just felt like they are driving up bottom line prices on collectables for the premium.
Don't get me wrong, I want to build my involvement in this business. Just was caught off guard on my first experiences.
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