REA Catalog

[iowadoc77]

Originally Posted by Snapolit1

I was looking at an item in Heritage and was a low under bidder. Totally forgot about it. Last time I looked it was like 4K. Was shocked this am to see it sold for near 20k with the juice. I think bidding habits have changed a great deal. People don’t run things up and hold their powder. Seems like 75% of bidding on high end items now comes last 36 hours.

And often 50% or more in last hour. Watch it happen Sunday night! Insane frenzy right before close.

[perezfan]

Originally Posted by iowadoc77

And often 50% or more in last hour. Watch it happen Sunday night! Insane frenzy right before close.

It makes complete sense actually. They intentionally start these items with very low minimum bids, in order to attract as many bidders as possible. The more people with "skin in the game, the more spirited the bidding is likely to be.

The only reason to check your existing bids prior to the final day is to see how many people you are likely to be up against. But it has little bearing on where the item will land, or whether the winning bidder of the moment has any chance of his bid holding up. It's been the same for many years now, and is perplexing how many people still seem to be surprised by the certainty of late bidding. It is more an inevitability than an anomaly.

[oldjudge]

https://bid.robertedwardauctions.com...e?itemid=63162

Is it just me or does this PSA7 Thorpe have a spot of paper loss between the “O” and “R” in “SPORT” on the front?

[JackW]

Originally Posted by oldjudge

https://bid.robertedwardauctions.com...e?itemid=63162

Is it just me or does this PSA7 Thorpe have a spot of paper loss between the “O” and “R” in “SPORT” on the front?

I can't answer your question, but I bet Brian at REA would if you asked them to take a closer look at the card and provide a definitive answer. If you've never contacted REA, I can say they are very quick to answer questions, either by phone or email.

[Rhotchkiss]

Jay, I think you are right. But that’s one pretty card.

Last REA auction, I got shut out bc I was nervous about dropping multiple (7+) max bids on expensive cards for fear all my max bids would hold and I would be “stuck” spending much more than I expected. I am not sure what I will do this time. All I can tell you is that while I LOVE REA (great company, great auctions, great people), I HATE that every single lot in the auction closes at the same time.

[Fred]

Originally Posted by Rhotchkiss

Jay, I think you are right. But that’s one pretty card.

Last REA auction, I got shut out bc I was nervous about dropping multiple (7+) max bids on expensive cards for fear all my max bids would hold and I would be “stuck” spending much more than I expected. I am not sure what I will do this time. All I can tell you is that while I LOVE REA (great company, great auctions, great people), I HATE that every single lot in the auction closes at the same time.

Please let us know what a 7+ bid is..... is that a bid that has seven digits in it ($1,000,000)? Or does that mean a a poor mans 7+ bid that includes the decimal point such as $10,000.00? Hate to be driving a fully loaded Model 3 Tesla while wishing to driving a Ferrari F60.....

In either case, a nice dilemma....

[Rhotchkiss]

Originally Posted by Fred

Please let us know what a 7+ bid is..... is that a bid that has seven digits in it ($1,000,000)? Or does that mean a a poor mans 7+ bid that includes the decimal point such as $10,000.00? Hate to be driving a fully loaded Model 3 Tesla while wishing to driving a Ferrari F60.....

In either case, a nice dilemma....

7+ refers to the number of max bids I would have placed, not the size of the bids.

[Fred]

Thank you, I've never really considered the number of max bids placed when deciding to put another bid in. That's an interesting thought. My bidding style is a bit unsophisticated and probably a bit reckless.