REA is up!

e107collector · #1 04-02-2010, 03:22 PM

Someone just bid on the Old Judge California League Doyle card. Anyone want to venture a guess at the ending price? I'll say $260K.

Tony

T206Collector · #2 04-02-2010, 03:27 PM

...why do you bid on auctions at anytime earlier than absolutely required?

The only people that makes happy are the auction company and the seller. It is just giving money away. Of course a $100 placeholder bid in an auction for an item that is expected to sell for $100,000 I understand. But otherwise, it's just bidding up the item unnecessarily in my opinion.

autograf · #3 04-02-2010, 03:33 PM

I'm thinking about 160-170K on the OJ California...............

barrysloate · #4 04-02-2010, 04:21 PM

People are bidding early to get their qualifying bids in. The sooner you do it, the less risk involved.

And I'm with Tom. I'd say 160-170K seems about right...and I'll predict exactly two people will place bids on it, no more, no less.

jerseygary · #5 04-02-2010, 05:01 PM

I wrote to REA to correct a description error in their lot 1008 (Josh Gibson and other negro league autograph book) and not only was it promptly corrected but Mr. L took the time to write back personally!

___________________________
My Baseball Card Project:
www.infinitecardset.blogspot.com

T206Collector · #6 04-02-2010, 06:29 PM

I get people bidding for that reason, but it seems like people are actually engaged in meaningless bidding wars on April 2.

Steve D · #7 04-02-2010, 06:48 PM

Deleted.....wrong thread.

Steve

JP · #8 04-02-2010, 06:56 PM

Quote:

Originally Posted by Steve D

I'd be interested in partnering on the T210 lot #160. I'm looking for the Series 3 San Antonio cards of Kipp, Leidy, Slaven and Stinson.

Steve

Steve, try this thread instead http://net54baseball.com/showthread.php?t=122318

The SECOND post in that thread happens to concern your lot.

ChiefBenderForever · #9 04-02-2010, 07:03 PM

Quote:

Originally Posted by T206Collector

I get people bidding for that reason, but it seems like people are actually engaged in meaningless bidding wars on April 2.

With the large amount of increments inbetween bids it makes sense to bid your max and let it ride. Once you get past 2000.00 bids are 500.00 gaps and then 1000.00 and so on, so if you get to your max and get outbid you are out and nothing left to worry about and it's someone else problem.

Bosox Blair · #10 04-03-2010, 02:06 AM

Quote:

Originally Posted by T206Collector

I get people bidding for that reason, but it seems like people are actually engaged in meaningless bidding wars on April 2.

I view it as a "blocking" strategy. Every lot will be won or lost in overtime. The only people who can bid on a given lot in overtime are those who bid on that lot in regular time. Each lot is started many increments below the range where it will eventuallly sell (let's say 15 increments on average). If I bid once in regular time, I'm up against possibly 14 other guys in overtime. However, if 7 of those 15 bids in regular time were mine, then I just cut the number of final competitors on the lot in half.

Cheers,
Blair

barrysloate · #11 04-03-2010, 06:30 AM

You may be able to cut your list of competitors in half, but there's one problem with that strategy.

The seven guys you knocked out were probably tire kickers looking for a good deal. The seven guys who are left are the whales who will go really high on the lot. So you have accomplished nothing.

If you bid often enough to knock out thirteen bidders, and only one is left, but that one bidder has all the money in the world and won't let that lot go to anybody else, you've still accomplished nothing.

It's generally a strategy that doesn't work. Whoever are left are the guys who are going to make your life miserable. The ones you cut out are irrelevant.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
REA release regarding Auction Proceeds	Matt	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	15	07-28-2009 08:28 PM
REA vs. ebay	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	13	04-13-2007 07:52 PM
REA Policies Re: Alterations etc	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	9	11-27-2006 01:04 PM
Interesting email from REA	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	116	11-14-2006 08:02 AM
REA Old Judge Proofs	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	33	04-24-2005 02:24 PM