Auctions End Too Late

btcarfagno · #1 11-04-2014, 05:35 AM

Quote:

Originally Posted by 1952boyntoncollector

if you cant trust an auction to shill you then you really shouldnt bid at the auction

the bidding slots really allow you to place a max bid..on the expensive items you can usually bid in a bidding slot..where the next bidding slot would clearly put the card over teh average past sale by hundreds or even a thousand dollars on big value cards....its not like ebay where you can lose an item by 40 bucks with a last second bid or even lose by a dollar etc...the next bidder really has to poney up for the next bidding slot..

your perceived value of a card shouldnt change just becasue someone else bid on a card making you want to bid higher than your preceived value...if you just place a max bid then you dont have to worry about the impulse bids....

Impulse bids. The bain of my existence. Both when I do it and when others do it to me.

Tom C

bxb · #2 11-04-2014, 06:17 AM

I still say whoever bids last has the advantage.

Yes I could just leave a max bid and go to sleep but sometimes I change my mind and might bid higher than my previous max and this format takes away that option from me.

Yes like someone said I could just stay awake all night and wait to be outbid but that is just not realistic, and why should only east coast guys have to do that, it results in an unfair playing field if the west guys don't have to do that too.

And yes I could just stop whining and suck it up but I like to whine.

1952boyntoncollector · #3 11-04-2014, 06:46 AM

right the changing of your mind last second would seem to be an impulse buy...especially if it means going over perceived market price

there is buyers remorse as well so not buying something is good too

if it was ebay style and you can lose by a dollar thats one thing..but i've gone to sleep knowing the next guy's next bidding slot was an additional 300 or more over market price plus buyer premium..he can have it!..

barrysloate · #4 11-04-2014, 07:36 AM

For auctions that go all night, why not get to bed at a reasonable time and set your alarm for say 3:30 AM. You'll be a little tired but at least you get most of a night's sleep. If you stay up all night it is not productive. If you don't bid between 10:00 PM and the wee hours you've stayed up for nothing.

If the auctions refuse to implement a better system, then the bidder has to find something that works best for him.

Peter_Spaeth · #5 11-04-2014, 07:50 AM

Anyone who wakes up at 330 AM to bid on a baseball card should reassess his life, in my opinion.

Just place a max bid, what's the WORST that can happen, you get the card for what you were willing to pay.

barrysloate · #6 11-04-2014, 08:01 AM

Quote:

Originally Posted by Peter_Spaeth

Anyone who wakes up at 330 AM to bid on a baseball card should reassess his life, in my opinion.

Just place a max bid, what's the WORST that can happen, you get the card for what you were willing to pay.

Agreed, but you know the level of obsession out there. It's about getting the stuff.

jhs5120 · #7 11-04-2014, 10:30 AM

Quote:

Originally Posted by barrysloate

Agreed, but you know the level of obsession out there. It's about getting the stuff.

It seems like a lot of people are proposing obscure solutions for the bidder to make the inconvenient auction endings more doable. Yes, there are solutions, but wouldn't be easier to just solve the problem?

Baseball card auctions have turned into silent auctions. We write down a bid and leave for hours (or days) and someone comes and writes a higher bid down. Now imagine the silent auction stayed open until 3AM and only one person was left in the auction house picking and choosing the best deals of the lot. It's a disservice to the consignor, the other bidders and the auction house.

bxb · #8 11-04-2014, 08:10 AM

Quote:

Originally Posted by barrysloate

For auctions that go all night, why not get to bed at a reasonable time and set your alarm for say 3:30 AM. You'll be a little tired but at least you get most of a night's sleep. If you stay up all night it is not productive. If you don't bid between 10:00 PM and the wee hours you've stayed up for nothing.

If the auctions refuse to implement a better system, then the bidder has to find something that works best for him.

How about this idea: Extend the auctions to around 8 am EST, then all the east guys can wake up fresh in the morning and add more final bids, and the west guys can stay up til 5 am PST if they want to, or put in their max bids earlier and go to sleep.

barrysloate · #9 11-04-2014, 09:03 AM

Quote:

Originally Posted by bxb

How about this idea: Extend the auctions to around 8 am EST, then all the east guys can wake up fresh in the morning and add more final bids, and the west guys can stay up til 5 am PST if they want to, or put in their max bids earlier and go to sleep.

The only problem with that is instead of making the auctions shorter, you're making them a lot longer. But getting a good night's sleep and waking up early to bid is, IMO, an excellent strategy.

jbsports33 · #10 11-04-2014, 09:41 AM

Most are too late for me most of the time! good post and discussion

Jimmy

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