REA Summer Auction is open

[BigfootIsReal]

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

[timber63401]

Originally Posted by BigfootIsReal

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

Not ever too many steals in REA. Awesome auctions with awesome items but way too many eyeballs to get many deals much less steal anything from them. A couple times over the years made what I thought were real strong bids on a few of their 50s and 60s shoebox collections and just get creamed.

[Casey2296]

New money, flipper money, investment money, has found its way to the pre and post war market. PC collectors have had to pivot to stay interested or just pay the freight to add to our collections. What used to buy 3 cards now buys one.

[timber63401]

Originally Posted by Casey2296

New money, flipper money, investment money, has found its way to the pre and post war market. PC collectors have had to pivot to stay interested or just pay the freight to add to our collections. What used to buy 3 cards now buys one.

Will make some people on here mad but Im ready for them to go away and find the next new shiny toy.

[soxinseven]

Originally Posted by Casey2296

New money, flipper money, investment money, has found its way to the pre and post war market. PC collectors have had to pivot to stay interested or just pay the freight to add to our collections. What used to buy 3 cards now buys one.

This ^^^^

[Lorewalker]

Originally Posted by timber63401

Not ever too many steals in REA. Awesome auctions with awesome items but way too many eyeballs to get many deals much less steal anything from them. A couple times over the years made what I thought were real strong bids on a few of their 50s and 60s shoebox collections and just get creamed.

Yup. I refer to this the giddy tax. There are certain auctions where there is a sense of pride collectors take in overpaying and participating. Nobody steals anything in REA...they generally pay up.

[Peter_Spaeth]

Originally Posted by Lorewalker

Yup. I refer to this the giddy tax. There are certain auctions where there is a sense of pride collectors take in overpaying and participating. Nobody steals anything in REA...they generally pay up.

Price of card -- whatever.
Feeling of community -- priceless.

[Lorewalker]

Originally Posted by Peter_Spaeth

Price of card -- whatever.
Feeling of community -- priceless.

Like the old AMEX commercials' slogan...membership has its privileges.

[ClementeFanOh]

Gee (certain) folks- anyone envious much? People "take pride" in overpaying?
That's nonsense. I've won plenty of REA items despite not being made of
money, and not having the secret "membership" alluded to above. Isn't it
just possible that there are people who recognize quality and do their best
to win a coveted piece? Aren't cards an extravagant collectible market? (that
last word is important). The original post was merely a heads up that REA
opened- and apparently the floodgates with it. Good Lord, the whining is
unreal.

Trent King

[aelefson]

As I am sure most of you know, the auction ends at some point tonight. Good luck to all bidders and consigners!

Alan

[Lorewalker]

Originally Posted by ClementeFanOh

Good Lord, the whining is
unreal.

Yes it is. More irony from the King of Irony.

[midmo]

We don't all have unlimited funds or are only interested in one item. Most people I know put in placeholder bids then see where things are on auction night. If I shot my best shot on every item I have some interest in and then accidentally won everything I'd have to sell my house to pay for them.

Originally Posted by BigfootIsReal

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

[calvindog]

Originally Posted by BigfootIsReal

Bidders these days are plain idiotic! It's not mine, but do you really think you're going to get a steal for 18K on the Bond Bread? Shoot your best shot now instead of waiting for the last five seconds. Online auctions are the worst.

How is it a last five second situation when REA has a 15 minute clock? Why would any bidder push the lot up to a max with a week to go?

[BigfootIsReal]

Originally Posted by calvindog

How is it a last five second situation when REA has a 15 minute clock? Why would any bidder push the lot up to a max with a week to go?

So you're saying the guy who bid 14K really thinks he's getting a 30K+ card for that? Bidders that wait the last few minutes to bid still end up paying a more realistic price (they won't steal it for 15K). These thirty day online auctions are plain dumb. If promoted right they can be done in a day. Look at MECUM Auctions, they auction off a 250K car in less than a minute.

[Peter_Spaeth]

More likely the guy who bid 14K did so to make sure he qualified for extended bidding.

[calvindog]

Originally Posted by BigfootIsReal

So you're saying the guy who bid 14K really thinks he's getting a 30K+ card for that? Bidders that wait the last few minutes to bid still end up paying a more realistic price (they won't steal it for 15K). These thirty day online auctions are plain dumb. If promoted right they can be done in a day. Look at MECUM Auctions, they auction off a 250K car in less than a minute.

What’s the alternative? The high bidder should ask that his bid be changed to 30K today? It’ll get to the right number eventually. Why does it have to be on day 1?

And yes, 30 days is too long for an auction. But who tf cares? It will end soon enough.

[Fuddjcal]

Originally Posted by calvindog

What’s the alternative? The high bidder should ask that his bid be changed to 30K today? It’ll get to the right number eventually. Why does it have to be on day 1?

And yes, 30 days is too long for an auction. But who tf cares? It will end soon enough.

they'll be another right around the corner in 2 weeks...AND maybe a show.