Memory Lane Thoughts and Pickups

Leon · #1 01-12-2025, 09:05 AM

I literally can't stay up that late to bid and won't. And i almost never want to leave up to bids. I guess? it's good for consignors....
I would have bid more on 1 lot but went to sleep.
.
.

mrreality68 · #2 01-12-2025, 09:15 AM

Yes

Love the Auction items they always have great stuff.

Some extended bids start at 9pm, 11pm etc and some end relatively quickly but the only downside to Memory Lane extended bids starts at 7pm (eastern) and goes almost until the sun comes up.

GeoPoto · #3 01-12-2025, 09:52 AM

I rarely stay up past 10 for any reason, so I have very little experience with extended bidding. Got a little thrill when I realized ML was in extended and I was still up. Found it frustrating though that (at least on my phone) the system didn't update the 15-minute clock. Made it constantly look like the auction might end which was too nerve wracking for me. After about 30 minutes of that, I put in a final bid on the only item I was urgently concerned about and went back to watching football. Fortunately, my bid lasted.

With respect to prices, my data says prices were firm and a little bouncy after the steady decline of late. Almost nothing I track (pre-war or vintage) was down with most everything flat or up. Not racing back toward the highs but certainly not declining further.

carlsonjok · #4 01-12-2025, 10:36 AM

I tend to swim in a different end of the hobby pool than most folks here, so while I do bid and win at various auction houses, it generally isn't any special or noteworthy.

However, last night was an exception. I won a lot of 4 signed 1961 Fleer cards.

Three of the cards are duplicates to me and commonly available and affordable. The Bobo Newsom, though, is what I wanted due to it's rarity. Newsom died young (age 55) in 1962, so there was a really short window to get this card signed. It is the 73rd signed '61 Fleer in my collection, out of 96 that are theoretically possible.

MVSNYC · #5 01-12-2025, 11:11 AM

Jamie, congrats on the Brown Lenox! That's a beast card. You got a good deal on it.

The SL Brown Old Mills went for a lot less than several of us were expecting. They are special cards, incredibly rare, and values will come back up. They represent some great deals right now.

Bicem · #6 01-12-2025, 12:29 PM

I won't stay up for auctions either, I would when I was younger (20's / 30's), thought it was kinda fun but not anymore. I won't leave max bids either, not going to sleep not knowing if I won or not.

Any auction that has not evolved to lot by lot as this point is pretty crazy to me.

raulus · #7 01-12-2025, 12:38 PM

Luckily, I didn�t have to stay up late to win this one. The competition went to bed early, and my max bid carried the day.

B O'Brien · #8 01-12-2025, 12:38 PM

I was able to land a pair of Piedmont Factory 42 HOFers. I�ve been adding a couple of these HOFer backs to the box. I�ve had a thing for them since finding 15 or so back in the old days.

Once again, I�ll be heading to the BST to help pay for these guys, so any buyers on the listings today will be greatly appreciated!

Happy Sunday to all,
Bob

Rhotchkiss · #9 01-12-2025, 09:42 AM

Honestly, I was quite disappointed with the results of my consignments last night, including the Brown Lenox you bought last night Jamie (congrats!). Granted, the market is softer now than this time last year, especially rare back T206s, but I thought the results were less than satisfactory. That said and luckily, my consignments in this auction were immaterial compared to the entirety of my Memory Lane consignment, the total result of which I am very content with.

Last year I decided to sell a huge chunk of my collection and I spoke seriously to 4 auction houses. I was buying a farm and I wanted to pay cash, which impacted my decision. In making my decision, I considered the following factors, in no specific order: (i) amount of cash advance, (ii) amount of buyer's premium I would get, (iii) who did I trust and think would do a good job, and (iv) how much control I had over the phasing of the sales. Regarding (iii), I felt confident in all 4 AHs and have relationships with all 4 -- that's why I spoke with them specifically -- so that factor is relative and nuanced. Ultimately, I (obviously) chose Memory Lane ("ML").

The cards I sold had been acquired between 2016 - 2023, with the average year of acquisition being 2020.

As part of the process, Joe T (formally of ML) and I sat down and we valued every single card, which included a 521 T206 set, complete 1914 CJ and D304 sets, numerous back runs, etc., and we created a spreadsheet that broke each card into high, mid, and low value estimates. 78.5% of the consignment went in the Spring 2024 auction (I had to pay back the substantial cash advance that ML gave), 17.5% was in the Summer 2024 auction, and 4% was in last night's Winter auction. Here are the results, which include the all-in price (hammer + BP):

Auction 1: Final sales price was 104.62% of the mid-value estimate
Auction 2: Final sales price was 92.77% of the mid-value estimate, but 106.6% of the low-value estimate.
Auction 3: Final sales price was 75.5% of the mid-value estimate, and only 85% of the low-value estimate.
Total All Auction: Final sales price was 100.57% of the mid-value estimate

Thus, the overall results were very satisfactory, and the size and outperformance of the first auction was sufficient to offset the underperformance of auctions 2 and 3, which, combined, only represented 21.5% of the total value.

On the whole, I think ML did a good job with the consignment and I am satisfied. The other 3 AHs offered me a larger part of the BP than ML offered, but ML gave me a very healthy advance and I was very comfortable giving ML such a large consignment, which paid off when I was paid, in full and on-time in the first auction despite many of my cards had been stolen at the Best Western. Honestly, I do wonder whether the results of Auctions 2 and 3 would have been better with Joe there -- he left for Goldin a few weeks before Auction 2; we discussed the move and I was fully supportive despite my consignment. But again, the total results were literally 0.57% above the expected estimates, so i cant complain with getting what was expected!

Thanks JP, Leslie and ML gang. You guys did a great job with a major consignment and I really appreciate the time, effort, and results!!

Snapolit1 · #10 01-12-2025, 09:47 AM

Quote:

Originally Posted by Leon

I literally can't stay up that late to bid and won't. And i almost never want to leave up to bids. I guess? it's good for consignors....
I would have bid more on 1 lot but went to sleep.
.
.

Ditto. When I learn of a new auction I immediately review their closing procedures. If it�s something that will close all in at 4 am I immediately move on. Just the reality of it.
Work all week �.. not staying up to 4 am. Will be another auction. Or 400 of them.

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