Problem with REA

parkplace33 · #1 12-10-2024, 01:56 PM

Quote:

Originally Posted by ALBB

I have commented numerous times how I am amazed at how many romanticize auctions and consigning to them. For every lot that achieves a record price, I suspect there are 50-100+ that sell at or below "market". How a company positions and describes the lot is such a critical part of the process. I have consigned items probably about 2 dozen times to different houses - the only times I have been impressed with the results were when the items were positioned and described well. The big houses today imo are like the equivalent of baseball card puppy mills - just pushing as much product through as possible with little regard for all but the "Morehouse Ruth's", Wagners, Planks, etc.
Part of the market softness in the places where it is soft is due in part to the fact that during Covid all the larger auction houses (and many of the smaller ones) increased dramatically the number of auctions they were running.
__________________

this is reason Im very uncomfortable putting my stuff in a major auction..

Totally agree with you. I will also say that at least 25 percent of items (maybe more) of items that I see in major auction listing should not be in there. I am shocked more items are not sold privately.

raulus · #2 12-10-2024, 02:18 PM

Quote:

Originally Posted by parkplace33

Totally agree with you. I will also say that at least 25 percent of items (maybe more) of items that I see in major auction listing should not be in there. I am shocked more items are not sold privately.

I'm guessing most of those consignors don't really know any differently.

Or they have dreams of setting the next world record at auction!

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