Robert Edwards Auctions, first major auction

[timkb]

I just participated and won my first Robert Edwards auction. This was the first season I tried all the major houses.

Do people generally like REA?

I found the "day of" continuing to extend the auction frustrating, and black box.

Lack of modern payment methods.

Emails telling us that they can close the auction anytime at 10pm to obvious....

Just felt like they are driving up bottom line prices on collectables for the premium.


Don't get me wrong, I want to build my involvement in this business. Just was caught off guard on my first experiences.

Sent from my Pixel XL using Tapatalk

[Aquarian Sports Cards]

Don't understand your constant comments about the auction house driving up prices.

[timn1]

Why’s this in the BST?

[oldjudge]

Not many people will consign to auction houses that try to drive down prices.

[Leon]

Originally Posted by timn1

Why’s this in the BST?

There really was no reason so it's in the right place now.

[ALR-bishop]

Tim--if you do not want auction houses driving up the prices for cards , you need to stop contributing to their efforts with your bids

[vintagewhitesox]

Originally Posted by ALR-bishop

Tim--if you do not want auction houses driving up the prices for cards , you need to stop contributing to their efforts with your bids

[ricktmd]

Typically with auctions in any field you need to pay by check or money order. In terms of modern methods if you mean credit cards or paypal an auction house is not going to absorb the fees associated with either. I cant say for sure but I do believe they would allow a wire transfer. I do agree that the auction closing time is confusing. In most auctions outside of memorabilia or sports cards an item ends when it has no bids from 1 to 5 minutes but can continue indefinitely if it has bidders within the time period. I prefer the method that any lot closes when there are no bids on the specific lot within 15 minutes. The hard close at midnight seems odd to me but I don't have a good suggestions as to how it should end. If it went on past midnight there would be continued bidding so I am not sure how the hard closing helps consignors or the auction house financially

[timn1]

Dude, the whole point of an auction house is to drive the prices as high as they can (while still getting everything sold). They're not in business to supply you with bargains.

Originally Posted by timkb

I just participated and won my first Robert Edwards auction. This was the first season I tried all the major houses.

Do people generally like REA?

I found the "day of" continuing to extend the auction frustrating, and black box.

Lack of modern payment methods.

Emails telling us that they can close the auction anytime at 10pm to obvious....

Just felt like they are driving up bottom line prices on collectables for the premium.


Don't get me wrong, I want to build my involvement in this business. Just was caught off guard on my first experiences.

Sent from my Pixel XL using Tapatalk

[Arazi4442]

I understand what you're saying, Tim but you have to remember that for every buyer trying to get a good deal, there's a consigner hoping to maximize their sale price.
Not only that, but the auction house is a business as well. If they don't do everything they can to reach the max sale price, people won't consign with them and they'll be out of business.
Personally, I don't have a big problem with the format. (Maybe it could end a couple hours earlier?) I get more frustrated by being sniped last second on an eBay type auction. It's not such a big deal if you're bidding on something like a 1957 Topps Mantle PSA 7, you just decide what you're willing to pay and bid/snipe accordingly, but some of the cards on my want list come up much less frequently and I can't always base what I'm willing to pay on market value or past sales.
I appreciate the opportunity to (mostly) always place that one more bid to win a rare item. If I lose, I made the choice not to bid again vs. losing to a last second bid.

Venting over. Carry on.

Originally Posted by timkb

I just participated and won my first Robert Edwards auction. This was the first season I tried all the major houses.

Do people generally like REA?

I found the "day of" continuing to extend the auction frustrating, and black box.

Lack of modern payment methods.

Emails telling us that they can close the auction anytime at 10pm to obvious....

Just felt like they are driving up bottom line prices on collectables for the premium.


Don't get me wrong, I want to build my involvement in this business. Just was caught off guard on my first experiences.

Sent from my Pixel XL using Tapatalk

[sycks22]

What I'll never get it people complaining about auction houses, but then bidding in them and winning something. I don't like pork chops so I've never gone to Target and bought a pork chop just to complain about it after eating it.

[CobbSpikedMe]

Originally Posted by sycks22

What I'll never get it people complaining about auction houses, but then bidding in them and winning something. I don't like pork chops so I've never gone to Target and bought a pork chop just to complain about it after eating it.

Would you buy the pork chop if it had a purple sticker though?

[Snapolit1]

Originally Posted by CobbSpikedMe

Would you buy the pork chop if it had a purple sticker though?

How about a "high end" pork chop. Would you try that?

[Peter_Spaeth]

Or a "slab" of pork ribs?