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Reload this Page REA Fall Auction Ends TODAY With New 12 PM Noon Eastern Deadline For Initial Bids!
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  #1  
Old 10-30-2016, 02:24 PM
spacktrack spacktrack is offline
Brian Dwyer
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If anyone is interested in placing a bid on an unopened lot, please feel free to email us at info@robertedwardauctions.com and we'll take care of it. The system should allow you to bid on an unopened lot at any time, but it does not appear to be allowing it, so we can do it manually.

Thanks to all who are involved in the bidding!
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  #2  
Old 10-30-2016, 03:13 PM
botn botn is offline
Greg Schwartz
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Quote:
Originally Posted by spacktrack View Post
If anyone is interested in placing a bid on an unopened lot, please feel free to email us at info@robertedwardauctions.com and we'll take care of it. The system should allow you to bid on an unopened lot at any time, but it does not appear to be allowing it, so we can do it manually.

Thanks to all who are involved in the bidding!
How could the system allow for it if all initial bids are supposed to have been placed by 12PM EST?
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  #3  
Old 10-30-2016, 03:20 PM
spacktrack spacktrack is offline
Brian Dwyer
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How could the system allow for it if all initial bids are supposed to have been placed by 12PM EST?
The program is designed to recognize the difference between a lot with 0 bids and a lot with 1 or more bids. It can leave a lot with 0 bids open in the interest of getting it sold, while prohibiting new bids from being entered on a lot with 1 or more bids after the 12 PM EST deadline.
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  #4  
Old 10-30-2016, 03:53 PM
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gnaz01 gnaz01 is offline
Gr3g N@z@r3th
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Anyone want to do an over/under for ending time??
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  #5  
Old 10-30-2016, 04:03 PM
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perezfan perezfan is offline
M@RK ST€!NBERG
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A question for Brian...

Let's say there is a lot currently with zero bids. Prospective bidder then makes the call, and gets authorization to place a bid (to keep it from going unsold...)

Is that lot then closed to all others, with the winning bidder being the person who placed the overtime bid? Or does that action open it up to all others?

Thanks in advance for clarifying!
Mark
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  #6  
Old 10-30-2016, 04:24 PM
spacktrack spacktrack is offline
Brian Dwyer
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Under that scenario, the lot would be closed to new activity.
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  #7  
Old 10-30-2016, 04:49 PM
iowadoc77 iowadoc77 is offline
Eric
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Quote:
Originally Posted by spacktrack View Post
Under that scenario, the lot would be closed to new activity.
Which makes complete sense.
I like the new format!
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  #8  
Old 10-31-2016, 07:07 AM
PhillipAbbott79 PhillipAbbott79 is offline
Phillip Abbott
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Originally Posted by spacktrack View Post
Under that scenario, the lot would be closed to new activity.
I don't recall seeing that in the auction rules any where. It may also promote people that think that the initial bid is close to what the market price is, and people rushing to call you to make the initial bid that "purchases" the item.

If I were a seller, I am not sure that I would like that. In general the opening bids are lower than they should be to ensure the items sell, but the side affect is that there is almost always competition to help push the price up.

The prices last night were very weak in my opinion but it is in no way the result of changing the format. The market is saturated and there are some big players that have dropped out. This trend of lower prices will continue on certain cards.

Some people may have gotten caught with their pants down, but I am sure today they will know what happened and why, and on the next auction it will not again. Either way, if you ask me, they have no reason to complain. The people who stay informed don't have issues, and the people that feel they are entitled do. It is up to the person to determine which they are and how important it is to them.
Last edited by PhillipAbbott79; 10-31-2016 at 07:08 AM.
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  #9  
Old 10-30-2016, 05:37 PM
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Neal Neal is offline
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Originally Posted by gnaz01 View Post
Anyone want to do an over/under for ending time??
looks like 6:45 pm according the site
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  #10  
Old 10-30-2016, 07:03 PM
T_Hamilton T_Hamilton is offline
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First timing bidding in this type of auction (usually an eBay buyer) man is it stressful and fun!
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