Robert Edwards Auctions STILL going strong at 8:15 AM Est!!!!

[Snapolit1]

Originally Posted by earlywynnfan

How is it an indisputable fact?

Uh, because some of your fellow board members have indicated that they got into bidding wars over cards and wouldn't have engaged in same had the auction not been extended.

[DeanH3]

The PSA 1.5 1931-32 4-1 Ruth/Gehrig Exhibit price surprised me. Is there something with the issue? Or is it because of the Ruth/Gehrig price surge?

[earlywynnfan]

Originally Posted by Snapolit1

Uh, because some of your fellow board members have indicated that they got into bidding wars over cards and wouldn't have engaged in same had the auction not been extended.

Uh, some of my fellow board members also said they were out, they weren't bidding again because of what happened.

[Peter_Spaeth]

Originally Posted by earlywynnfan

Uh, some of my fellow board members also said they were out, they weren't bidding again because of what happened.

This is why the plural of anecdote is not data.

[molenick]

Received my one winning bid today. I've been looking for an E103 for my type collection for awhile and this fit the bill: HOFer, nice coloring, decent centering, no creases....just (sorry) "honest corner wear". Would have loved either of the other two in the auction, but I couldn't afford them (an EX Lajoie and a VG+ Mathewson).

For what it's worth, I placed bids during the extended bidding after midnight but stopped when it was clear that the auction was not going to end until the next day (technically, much later the same day). There was no reason to stay up at that point, but I would have if another day had not been added to the auction. I placed the winning bid before extended bidding on Monday and it held up.

[earlywynnfan]

Originally Posted by Snapolit1

Uh, because some of your fellow board members have indicated that they got into bidding wars over cards and wouldn't have engaged in same had the auction not been extended.

Just curious, did you go back on Monday and bid higher on items that you wouldn't have on Sunday?

[ullmandds]

Originally Posted by earlywynnfan

Just curious, did you go back on Monday and bid higher on items that you wouldn't have on Sunday?

I personally DID NOT bid after sunday eve...and I lost the ruth card I wanted most by 1 bid. i'm sure some DID bid after sunday...and some did not?

[jayshum]

Originally Posted by ullmandds

I personally DID NOT bid after sunday eve...and I lost the ruth card I wanted most by 1 bid. i'm sure some DID bid after sunday...and some did not?

Right, while some people chose to bid on Monday and say they bid more than they would have on Sunday night, others like you may have decided not to bid any more even if they were going to on Sunday night had there not been a problem. That's why I said earlier that it's possible the overall impact of the extra day could have been minimal or even negative. There's really no way to know when you take the reactions of all bidders into account, not just the handful posting on this board.

Personally, I bid on one item Monday that I would have continued to bid on Sunday night and ended up winning it for a price that I would have been comfortable at on Sunday night. Most of the other lots I had been bidding on got no bids in the extra day, but a few did.

[BobbyStrawberry]

Originally Posted by jayshum

Right, while some people chose to bid on Monday and say they bid more than they would have on Sunday night, others like you may have decided not to bid any more even if they were going to on Sunday night had there not been a problem. That's why I said earlier that it's possible the overall impact of the extra day could have been minimal or even negative. There's really no way to know when you take the reactions of all bidders into account, not just the handful posting on this board.

Personally, I bid on one item Monday that I would have continued to bid on Sunday night and ended up winning it for a price that I would have been comfortable at on Sunday night. Most of the other lots I had been bidding on got no bids in the extra day, but a few did.

It should not be lost in this discussion that REA, after the outage, immediately opened all lots back up again with the 10-minute timers going. I was watching while this happened and it's clear to me that many bids were placed at that time by people who thought that it would be their last opportunity. The announcement (unless I missed an email from them) of the 24-hour extension was not made until later.

I have a hard believing that they did not make a whole bunch more money because of the way this was handled.

[jayshum]

Originally Posted by BobbyStrawberry

It should not be lost in this discussion that REA, after the outage, immediately opened all lots back up again with the 10-minute timers going. I was watching while this happened and it's clear to me that many bids were placed at that time by people who thought that it would be their last opportunity. The announcement (unless I missed an email from them) of the 24-hour extension was not made until later.

I have a hard believing that they did not make a whole bunch more money because of the way this was handled.

I'm not sure I understand what you are saying about all lots being opened again after the outage. Since the outage happened just after midnight, no lots would have been closed yet so it would make sense that everything remained open to allow for extended bidding to take place. Once it became apparent that the problems were not fixed, I think they decided to extend for a day. I agree with what someone posted yesterday that there should not have been such a long delay between getting the auction back up and sending out any additional communication about what had happened and what was going to be happening with the auction.

[BobbyStrawberry]

Originally Posted by jayshum

I'm not sure I understand what you are saying about all lots being opened again after the outage. Since the outage happened just after midnight, no lots would have been closed yet so it would make sense that everything remained open to allow for extended bidding to take place. Once it became apparent that the problems were not fixed, I think they decided to extend for a day. I agree with what someone posted yesterday that there should not have been such a long delay between getting the auction back up and sending out any additional communication about what had happened and what was going to be happening with the auction.

What I mean is that, when the site became functional again (I didn't note the exact time, but I think it was somewhere between 12:15 and 1:20 EST), the site indicated that the auctions were going to end after another 10 minute per-lot timer.

Seeing this, I would have bid based on this information at the time if not for Leon's post (correctly) prognosticating that they would eventually extend it by another full day.

[earlywynnfan]

Originally Posted by ullmandds

I personally DID NOT bid after sunday eve...and I lost the ruth card I wanted most by 1 bid. i'm sure some DID bid after sunday...and some did not?

That's what I would assume, too. My opinion would be that REA probably got more money by this happening, but I'm not seeing it as intentional, nor do I think it's an "indisputable fact."

I put in a leading bid on Sunday at 10 and promptly got off my computer, so I missed a LOT of sturm and drang. By Tuesday morning, I was still high bidder, so either I'm lucky or I overpaid.