Closing Tonight: Love of the Game Auctions

Bliggity · #1 08-13-2017, 07:38 AM

I woke up at 5am to see I had been skunked out of the T216s at Memory Lane, so I raised my bids and won the E101 Crawford and E101 Young at LOTG. Two good additions to my E92-family collection. Great auction as always.

pawpawdiv9 · #2 08-13-2017, 08:56 AM

I raised my 1 and only bid (since outbidded) before dinner and SLEPT!!!!
It held up!!! No takers all night.

Snapolit1 · #3 08-13-2017, 09:02 AM

Seemed like strong prices. Strong prices for photos across all auctions.

Leon · #4 08-13-2017, 09:30 AM

I think we all love Al (hey Al). I love him as much as the next guy, in a brotherly way of course. That said I hope there is a way to find a better way to close in the future. It was a great auction. I won some items and consign and will continue all of the above. But when a strategy is to either stay awake for 24 hours or set your alarm clock to get up at the closing, it would seem a better way to end can be had. We love ya' Al. I will continue bidding, consigning, hanging out with you....inviting you to my house, but please, from the bottom of my collector/dealer/investor heart, find a different way to close.

Great auction, can't wait for the next one!!

.

wolf441 · #5 08-13-2017, 09:41 AM

Quote:

Originally Posted by Leon

I think we all love Al (hey Al). I love him as much as the next guy, in a brotherly way of course. That said I hope there is a way to find a better way to close in the future. It was a great auction. I won some items and consign and will continue all of the above. But when a strategy is to either stay awake for 24 hours or set your alarm clock to get up at the closing, it would seem a better way to end can be had. We love ya' Al. I will continue bidding, consigning, hanging out with you....inviting you to my house, but please, from the bottom of my collector/dealer/investor heart, find a different way to close.

Great auction, can't wait for the next one!!

.

+1. A sign that an auction is running too long is when you wake up at 4:30 AM to go to the bathroom and are still the high bidder and then get up at 8:00 AM to find that you've been outbid at some point before the close!

and with that said, I also agree that Al is a great guy!!

philliesphan · #6 08-13-2017, 12:08 PM

Well - as a collector based in London, I very much appreciate all auctions that go past 1 a.m. EST, because I sleep like a baby, and deal with bids when I wake up in the morning.

Some of the other auction formats force me in that "stay up all night" or just don't bid category, and many a times I've went to bed and woke up a loser. (Well - every day for that matter, but I digress)

Peter_Spaeth · #7 08-13-2017, 12:58 PM

It seems unnecessary and, frankly, obnoxious, to me. And that of course applies to all auctions with this I'll end it when I feel like it at some ungodly hour format. I cannot believe any significant additional revenue for consignors is generated by this model as opposed to either a fixed ending time which forces guys to bid, or a Heritage-style ending where most lots are over early.

mechanicalman · #8 08-13-2017, 01:29 PM

Quote:

Originally Posted by Leon

I think we all love Al (hey Al). I love him as much as the next guy, in a brotherly way of course. That said I hope there is a way to find a better way to close in the future. It was a great auction. I won some items and consign and will continue all of the above. But when a strategy is to either stay awake for 24 hours or set your alarm clock to get up at the closing, it would seem a better way to end can be had. We love ya' Al. I will continue bidding, consigning, hanging out with you....inviting you to my house, but please, from the bottom of my collector/dealer/investor heart, find a different way to close.

Great auction, can't wait for the next one!!

.

This is well stated, and I would "+1" it, but the only difference is that I've made it a personal policy to not consign to AHs that use this asinine closing system. I understand that LOTG's reputation is second to none, but with so many options, I feel my business should go to AHs that are more "bidder-friendly." I realize I'm just one dude, so who really cares, though I can't be alone in the sentiment.

Snapolit1 · #9 08-13-2017, 01:40 PM

Quote:

Originally Posted by mechanicalman

This is well stated, and I would "+1" it, but the only difference is that I've made it a personal policy to not consign to AHs that use this asinine closing system. I understand that LOTG's reputation is second to none, but with so many options, I feel my business should go to AHs that are more "bidder-friendly." I realize I'm just one dude, so who really cares, though I can't be alone in the sentiment.

The entire premise of this closing method, as far as I can discern, is just dumb. The idea is a bidder has a sum of money in play in the auction and, if he gets outbid at 4 am, will suddenly spring into action and deploy that money on other items he is qualified to bid on in the after hours session. Seems ludicrous for a number of reasons. First of all, many people like me go to bed and aren't paying attention to anything at 4 or 5 am other than badly needed sleep. Second, even though I bid early on items doesn't mean I still want them two weeks later. Third, closing eBay style on a sat night is a good way of having a frenzied close of bidding and catching people who will pay a premium to wrap it up and get certainty. Maybe people who just knocked off a few glasses of wine. It just makes so little sense. And if any sense. 15 minute rule per lot is simple enough.

RedsFan1941 · #10 08-13-2017, 01:47 PM

the premise is not ludicrous

Stonepony · #11 08-13-2017, 02:41 PM

Quote:

Originally Posted by Snapolit1

The entire premise of this closing method, as far as I can discern, is just dumb. The idea is a bidder has a sum of money in play in the auction and, if he gets outbid at 4 am, will suddenly spring into action and deploy that money on other items he is qualified to bid on in the after hours session. Seems ludicrous for a number of reasons. First of all, many people like me go to bed and aren't paying attention to anything at 4 or 5 am other than badly needed sleep. Second, even though I bid early on items doesn't mean I still want them two weeks later. Third, closing eBay style on a sat night is a good way of having a frenzied close of bidding and catching people who will pay a premium to wrap it up and get certainty. Maybe people who just knocked off a few glasses of wine. It just makes so little sense. And if any sense. 15 minute rule per lot is simple enough.

Bliggety won 2 cards due to this " dumb" closing

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