REA Auction Ends Today Sunday April 30. Initial Bids Must Be Placed By 12 PM EST!

[spacktrack]

Just a reminder that today is closing day.

The deadline for initial bids is 12 PM Eastern.

Extended bidding will continue until no bids have been placed on any items for 15 minutes. The entire auction remains open; it does not close lot by lot.

We reserve the right to close it at our discretion any time after 6 PM EST without regard to the 15 minute rule.

We will send out at least two email updates, including a fair warning email, later in the evening, but we encourage bidders to monitor the recent bids page on our website to see the pace of the auction.

http://bid.robertedwardauctions.com/lots/bids

If the auction is still going at 12 AM Midnight, it will close automatically, but it did not reach Midnight last year.

We are in the office all day for anyone with questions.

Good luck to all!

Brian

[irv]

I always enjoy looking at what comes up for auction and seeing the bids. Just wish I had the money to play like some do!

[T206Collector]

Kudos for an amazing auction, and a civil and humane closing time!

[ullmandds]

its a perfect rainy day here in st paul for a humane ending time to an REA auction...mimosa please!

[swarmee]

What's the policy for cards with no bids? If you place one now, do you win it outright, now that we're in overtime?

And secondly, the timing/wording of the closing rules is slightly incorrect. Since the clock is timed to quarter hours, there technically could be no bids in 29 minutes and the auction may not end, just based on bidding at the start of one quarter and the end of another quarter. It's cleaner to only end at :15, :30, :45, or :00 but the language does not portray that. (I do a lot of editing of engineering documents, so I'm a little overboard when it comes to being grammar police.)

[swarmee]

Answering my own question, you cannot place a bid to win an item if it had no bids on it. So if anyone consigned the Williams/Dimaggio contracts, send me a PM and we can do a PayPal goods deal if you want to.

[JeremyW]

Originally Posted by swarmee

Answering my own question, you cannot place a bid to win an item if it had no bids on it. So if anyone consigned the Williams/Dimaggio contracts, send me a PM and we can do a PayPal goods deal if you want to.

This is from REA's website:

however, items without a bid entering extended bidding will remain open for interested bidders to open during the extended bidding period. In the event an item without a bid entering the extended bidding period receives a bid during extended bidding, it will be closed to new bidders immediately as is the case with all lots having received a single bid.