Rea! Rea!! Rea!!!

[calvindog]

Originally Posted by Peter_Spaeth

I just don't understand the pissing contest right out of the block. How is that calculated to help you (not you Sean, just in general) win at the best price?

I understand it in theory: getting the price up quickly to discourage people from bothering to bid. Also, perhaps to put a max bid in first at the price the card is worth I suppose. For me, I put in placeholders just so I don't forget. I don't even go back to REA until the auction is well into extended bidding. If the cards I'm after are still within a range I'm willing to pay, I bid; if not, I don't.

[Peter_Spaeth]

As I said, I get the max bid, if the price is fairly predictable, you want to lock up a bid level and make someone really overpay to beat you (which in my case they doubtless will anyhow). I don't see how driving up the price early is going to scare someone who really wants the card off it. It's just going to make it more expensive.

[PiratesWS1979]

You know what annoys me about REA? All these barn outbid notices...SO STOP BIDDING!!

[Sean]

Originally Posted by calvindog

I understand it in theory: getting the price up quickly to discourage people from bothering to bid. Also, perhaps to put a max bid in first at the price the card is worth I suppose. For me, I put in placeholders just so I don't forget. I don't even go back to REA until the auction is well into extended bidding. If the cards I'm after are still within a range I'm willing to pay, I bid; if not, I don't.

This is what I do as well. I've been outbid on half of my bids so far, but none of it matters until about midnight May 6th.

[RedsFan1941]

Anyone received their catalog?.

[njdunkin1]

Had a coding issue with my account; I emailed REA and Brian responded literally within minutes. Fantastic customer service. I look forward to winning a few T206s (and perhaps my first e90-1) in May!!

NJ Dunkin

[barrysloate]

Some people leave high ceilings on the first day, so when others come in to qualify, two bids kick in. That creates the illusion of very heavy demand. Generally speaking, people who open with high ceilings can remain high bidder for virtually the entire auction, right up until the last half hour, when they then lose it. From my experience, not a winning strategy.

[sycks22]

Another terrific offering. I got my 200 bids in.

[calvindog]

Originally Posted by RedsFan1941

Anyone received their catalog?.

I got mine today.

[Peter_Spaeth]

I didn't get mine yet and will be sure to report back every day if everyone else here agrees to do the same.

[mechanicalman]

Originally Posted by RedsFan1941

Anyone received their catalog?.

I’ve been able to access a digital version of sorts vis a vis an Internet website.

[iowadoc77]

Originally Posted by mechanicalman

I’ve been able to access a digital version of sorts vis a vis an Internet website.

So have I. But oh, the catalog. The smell. The pictures. The empathy for the poor postal employee that delivered it. One of my favorite mail days of the year.

[Sean]

Well, we're one day in and one of my bids is still holding up.

[iowadoc77]

Originally Posted by Sean

Well, we're one day in and one of my bids is still holding up.

That’s one better than most! Aggressive bidding out of the gates for sure!

[edjs]

Originally Posted by Sean

Well, we're one day in and one of my bids is still holding up.

I'm pretty much done. One item I might get back in on depending on how it goes from here, but I'm not holding too much hope. I was at this point a couple hours after it started. Oh well.

[edjs]

Originally Posted by RedsFan1941

Anyone received their catalog?.

When the catalogue arrives, I always think of Steve Martin in the movie The Jerk, "The new phone books are here! The new phone books are here!"

[milkit1]

my Type 1 photo from the Fred Merkle replay game of 1908 is in it along with some other 1909 type 1's. My second time consigning with REA. Very exciting indeed!

[GregMitch34]

My first-ever consignment of more than one card--so bid hearty, me laddies.

[clydepepper]

Originally Posted by GregMitch34

My first-ever consignment of more than one card--so bid hearty, me laddies.

What do you have out there, Greg?

[PiratesWS1979]

Originally Posted by edjs

When the catalogue arrives, I always think of Steve Martin in the movie The Jerk, "The new phone books are here! The new phone books are here!"

I know what you mean. A green Cobb is all I need...and this Babe Ruth. The green Cobb and the Babe Ruth, that's all I need!

After "needing" a few more things my family thinks I've gone nuts!

[ullmandds]

Originally Posted by PiratesWS1979

I know what you mean. A green Cobb is all I need...and this Babe Ruth. The green Cobb and the Babe Ruth, that's all I need!

After "needing" a few more things my family thinks I've gone nuts!

Haha

[pawpawdiv9]

Got my catalog today.
Thick & smells Great!!!

[Rhotchkiss]

Originally Posted by calvindog

I understand it in theory: getting the price up quickly to discourage people from bothering to bid. Also, perhaps to put a max bid in first at the price the card is worth I suppose. For me, I put in placeholders just so I don't forget. I don't even go back to REA until the auction is well into extended bidding. If the cards I'm after are still within a range I'm willing to pay, I bid; if not, I don't.

There are several reasons I will “tangle” day 1 - First, as Jeff suggested, if it’s something I really want, I put in a large max bid so that 50% of the bids getting there are mine, thus potentially limiting the number of competitors in extended bidding. Second, sometimes I want a certain spot, or want the last bid before a bid-increment cliff (like when bids go from $500 to $1000), so I put in my max bid to ensure I get that spot if it gets there. That said, I only do this with cards I really really want, otherwise I may have too many large bids on too many large items (large being a relative term)

[mechanicalman]

Personally, I don’t put any credence into Day 1 bidding strategies. There are too many dudes with deep pockets going after the best cards. No one who really wants a blue chip is going to be “shut out” of the extended session because of aggressive early bidding, in my estimation.

[barrysloate]

Originally Posted by Rhotchkiss

There are several reasons I will “tangle” day 1 - First, as Jeff suggested, if it’s something I really want, I put in a large max bid so that 50% of the bids getting there are mine, thus potentially limiting the number of competitors in extended bidding. Second, sometimes I want a certain spot, or want the last bid before a bid-increment cliff (like when bids go from $500 to $1000), so I put in my max bid to ensure I get that spot if it gets there. That said, I only do this with cards I really really want, otherwise I may have too many large bids on too many large items (large being a relative term)

With that strategy you will be able to limit the number of competitors. The problem is you will be limiting the wrong ones.

The guys you knock out probably weren't going to win the lot anyway. The ones who are likely to win it are still there. So you are only creating the illusion of less competition.

[GaryPassamonte]

So true, Barry. It's much easier to place in the race than win it.

[Rhotchkiss]

Originally Posted by barrysloate

With that strategy you will be able to limit the number of competitors. The problem is you will be limiting the wrong ones.

The guys you knock out probably weren't going to win the lot anyway. The ones who are likely to win it are still there. So you are only creating the illusion of less competition.

You are probably right, as I end up the high bidder probably 50% of the time when all is said and done. End of the day, no matter how you play it, if you want the card, you need to be high bidder when it’s all said and done

[barrysloate]

Originally Posted by Rhotchkiss

You are probably right, as I end up the high bidder probably 50% of the time when all is said and done. End of the day, no matter how you play it, if you want the card, you need to be high bidder when it’s all said and done

Yep, lot goes to the highest bidder. That's how it works.

[Peter_Spaeth]

Originally Posted by barrysloate

Yep, lot goes to the highest bidder. That's how it works.

That's good to know.

[barrysloate]

Originally Posted by Peter_Spaeth

That's good to know.

Took me a long time to figure it out.

[ValKehl]

Originally Posted by barrysloate

Yep, lot goes to the highest bidder. That's how it works.

Now I'm beginning to understand why I never win anything!

My REA phone book arrived in the teeming metropolis of Manassas, VA, today.

[Sean]

Just got my catalogue, post office delivered it. And I still have one high bid.

And now I will stop the updates on that one bid until May 7.

[x2drich2000]

I don't think one bidding strategy is going to work best in all situations. I think your lake front property cards aren't worth trying to scare people from cause they will always be desirable and there are enough whales who want the best of the best. However, I firmly believe you certainly can discourage people from bidding on ghetto and flood zone cards where people will want to consider all better options before settling.

That said, I've placed over 100 bids in REA so far and only 1 lot have I placed a max bid (which I think is pretty obvious) and I'm still high on that one with plenty of room to increase more

[calvindog]

Originally Posted by Rhotchkiss

You are probably right, as I end up the high bidder probably 50% of the time when all is said and done. End of the day, no matter how you play it, if you want the card, you need to be high bidder when it’s all said and done

LOL painful truth. If you want the card enough, you'll do what you need to get it. And there's always some jerk out there willing to pay whatever it is to get it. Just hope he's not collecting the same things as you. Cough.

[calvindog]

PS big improvement on the REA site: you no longer have to click on an extra button to see thumbnails of the lots you bid on. That's actually a nice addition and much appreciated.

[Leon]

Originally Posted by calvindog

LOL painful truth. If you want the card enough, you'll do what you need to get it. And there's always some jerk out there willing to pay whatever it is to get it. Just hope he's not collecting the same things as you. Cough.

Sometimes it is good to let something go.

http://www.net54baseball.com/showthr...highlight=w555

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