Rea

[oldjudge]

I think there is a different right answer for different bidders. If you have qualifying bids in on thirty lots but can only afford five, then the “everything closes at once” format works better because you can move the money around. If you have only one or two lots you really want, then the “lot by lot” closing method works better since you can have your war, be done, and go to sleep.

[Rhotchkiss]

Originally Posted by oldjudge

I think there is a different right answer for different bidders. If you have qualifying bids in on thirty lots but can only afford five, then the “everything closes at once” format works better because you can move the money around. If you have only one or two lots you really want, then the “lot by lot” closing method works better since you can have your war, be done, and go to sleep.

This is so true. I generally fall into the latter category, which makes sense that I prefer the lot-by-lot close -- to me, nothing is worse than staying up until 2+pm, sleepily thinking I am in good shape since my bid has held for 3-4 hours of extended bidding, going to bed and then waking up to find out someone outbid me in the wee hours. I guess like someone else said, REA is a happy medium -- its an earlier all close at once.

[T206Collector]

Originally Posted by oldjudge

I think there is a different right answer for different bidders. If you have qualifying bids in on thirty lots but can only afford five, then the “everything closes at once” format works better because you can move the money around. If you have only one or two lots you really want, then the “lot by lot” closing method works better since you can have your war, be done, and go to sleep.

+1

And of course there is only one answer for consignors - keep the auction open for the bidders that want to move the money around.

[Republicaninmass]

"Pre bidding " has ended


The "auction" is today

[Snapolit1]

Whatever. . . everyone has an opinion. I just don't understand the basic premise that most buyers have some number to spend, say it's $2000, and if they get squeezed on some item at 11pm or 3 am then rush hysterically to deploy their money elsewhere, because it's literally burning a hole in their pocket and they'll be crushed if they don't get rid of it somehow. I hope that's not the way you guys act at restaurants. "Let's have another round of desserts and sambuca . . .no one is leaving this place until I get rid of every dollar in my wallet."

[hcv123]

Originally Posted by Snapolit1

Whatever. . . everyone has an opinion. I just don't understand the basic premise that most buyers have some number to spend, say it's $2000, and if they get squeezed on some item at 11pm or 3 am then rush hysterically to deploy their money elsewhere, because it's literally burning a hole in their pocket and they'll be crushed if they don't get rid of it somehow.

+!000

I bid on what I want - till it goes beyond what I'm willing to spend. If I don't win, I have more money for the next thing I want when it comes around (not necessarily in the same auction)! There was 1 time I would have bid on an item based on the sale of a consignment (which didn't sell) - so I didn't bid.

[insidethewrapper]

Any estimate of when the last auction ended ? Was it close to midnight ? Thanks

[Leon]

Originally Posted by insidethewrapper

Any estimate of when the last auction ended ? Was it close to midnight ? Thanks

Don't hold me to it but if I recall correctly it was within a few minutes of when the hard close was to occur. If anyone wants to bid and wait to the very last minute then that is their call. My guess is it closes close (2-5 minutes) to the hard stop....but that is a guess!!

[brass_rat]

Originally Posted by insidethewrapper

Any estimate of when the last auction ended ? Was it close to midnight ? Thanks

From memory, I believe Spring 2017 ended about 11:52 and Fall 2017 ended 11:58.

[Vintageclout]

Originally Posted by Snapolit1

Whatever. . . everyone has an opinion. I just don't understand the basic premise that most buyers have some number to spend, say it's $2000, and if they get squeezed on some item at 11pm or 3 am then rush hysterically to deploy their money elsewhere, because it's literally burning a hole in their pocket and they'll be crushed if they don't get rid of it somehow. I hope that's not the way you guys act at restaurants. "Let's have another round of desserts and sambuca . . .no one is leaving this place until I get rid of every dollar in my wallet."

Maybe for the first time in your life you should concern yourself with YOUR bidding habits, and not worry about others. To each his own....it’s what makes the world go round!

[Snapolit1]

Originally Posted by Vintageclout

Maybe for the first time in your life you should concern yourself with YOUR bidding habits, and not worry about others. To each his own....it’s what makes the world go round!

But if I am in an auction WITH OTHER PEOPLE, isn’t their bidding behavior worth trying to understand?

[bigfish]

Originally Posted by Snapolit1

But if I am in an auction WITH OTHER PEOPLE, isn’t their bidding behavior worth trying to understand?

Steve, you might be slightly over thinking this. Why don’t you just put in the bid you are willing to pay and be happy with that? Then you don’t have to mindf$ck yourself everyday and twice on Sunday (REA).

[MattyC]

Originally Posted by Snapolit1

But if I am in an auction WITH OTHER PEOPLE, isn’t their bidding behavior worth trying to understand?

Why would their bidding behavior matter? Just go for yours and hope you bring your desired item home with your max bid

[Aquarian Sports Cards]

Originally Posted by Snapolit1

But if I am in an auction WITH OTHER PEOPLE, isn’t their bidding behavior worth trying to understand?

I can't speak for others but there is more that I want than I can afford. Therefore as I get outbid past my limit on some items I can then move those funds over to the other items in which I was interested, seems obvious to me.

EDIT: And if everything I wanted goes too high, I don't just randomly look for cheap lots to rid myself of unneeded money!