Heritage Spring Auction - Ends April 19 & 20 - Bidding has Begun!

[Fballguy]

And what's with posting the last minute reserves (well more like 72 hours...but who's counting). Is that to give the consignor an out without turning off bidders early in the process?

[petecld]

Originally Posted by Fballguy

And what's with posting the last minute reserves (well more like 72 hours...but who's counting). Is that to give the consignor an out without turning off bidders early in the process?

Yes, we post reserves 7 days prior to the ending day of the auction. We do this for transparency. We feel this is far better than hiding them so a bidder will think they won something only to read "Not Sold" when the auction closes. Knowing the reserve allows a bidder to make his/her choice having all the facts. Your only chance of disappointment is that "Outbid Notice."

No, we don't do this to give the consignor an out. Reserves are agreed upon when we take in consignments. Are there exceptions made... yes, but 99.9% of the time reserves are agreed to well in advance. Sometimes reserves are even lowered.

[Snapolit1]

Heritage has amazing auctions, and probably cranks out more stuff every year than any AH on sports collectibles. Always awesome to view their bigger sports auctions and I've been regular customer.

But I understand the sentimental regard most everyone holds for REA and similarly LOTG. Great collectible AHs that aren't national operations, have only sports auctions and sports isn't merely a department in a bigger something, and are run by much a smaller group of dedicated folks. And of course they are both from Joisey.

[Fballguy]

Originally Posted by petecld

Yes, we post reserves 7 days prior to the ending day of the auction. We do this for transparency. We feel this is far better than hiding them so a bidder will think they won something only to read "Not Sold" when the auction closes. Knowing the reserve allows a bidder to make his/her choice having all the facts. Your only chance of disappointment is that "Outbid Notice."

The auctions I'm bidding on end in 3 days and there's a message that says the "reserves (if any) will be posted tonight at 7:00 CST".

[petecld]

Originally Posted by Fballguy

The auctions I'm bidding on end in 3 days and there's a message that says the "reserves (if any) will be posted tonight at 7:00 CST".

Sorry Rob. I found out what you were talking about.

For the catalog auctions - the reserves post 7 days prior to the end of the auction. What I just learned...

For the weekly auctions - the reserves post 3 days before the ending date but 99.999% of the lots in these auctions have no reserves.

[oldjudge]

Another great auction! Congratulations to Chris and Pete.

[ullmandds]

I knew that damn ruth m101-6 was/should be a 40K card...I just sold too soon!!!!!

[tiger8mush]

any great buys (good value) or items that went waaaay above expectations that stick out?

[BeanTown]

Originally Posted by oldjudge

Another great auction! Congratulations to Chris and Pete.

Translation... Im really glad to bid on some player league cards that I might need for my collection.

Hi Jay.. Just having some Friday night fun

[Stampsfan]

Originally Posted by petecld

"a dozen auctions a month" Shhhhhhh, don't give them ideas.

We have what we call monthly auctions going year-round. They are call monthly because the bidding period is 30-days. One opens and one closes every Sunday night. So yes, we will have four auctions going at any given time plus the Catalog auctions and Platinum auctions which are four times each year. The main sports page will have large icons for all current (or Open) auctions. Click the graphic, "View Lots" or "Auction Home" buttons and it will take you to the lots for just that auction.

Don't forget any "Coming Soon" icons. As we describe and photograph the lots they will appear in this preview section.

Originally Posted by petecld

Sorry Rob. I found out what you were talking about.

For the catalog auctions - the reserves post 7 days prior to the end of the auction. What I just learned...

For the weekly auctions - the reserves post 3 days before the ending date but 99.999% of the lots in these auctions have no reserves.

See, it's not that confusing at all. And the rules seem pretty consistent across all Sports auctions.
Ugh.

[pgconboy]

This was my first heritage auction. I think I won 2 lots? I had winning bids last night then they went into some sort of extended auction. Now today they show up as winning bids and amount won. However nothing shows up under my current orders or the invoices tab.

[tiger8mush]

Originally Posted by pgconboy

However nothing shows up under my current orders or the invoices tab.

I believe its a 2-day auction, with more items ending tonight, so invoices likely won't go out till later over the weekend.