Where is the buzz around REA?

[oldjudge]

It used to be that the opening of an REA auction was a major event. There would be several threads going weeks before the auction started. This time, other than the discussion of the Wagner, there is nothing? Is it the auction or just auction fatigue in general?

[Peter_Spaeth]

Originally Posted by oldjudge

It used to be that the opening of an REA auction was a major event. There would be several threads going weeks before the auction started. This time, other than the discussion of the Wagner, there is nothing? Is it the auction or just auction fatigue in general?

There are SO many auctions constantly running, and SO much high end material available, that it just isn't the "event" it used to be.

[edjs]

They used to do two auctions a year, now it’s basically every month.

[Peter_Spaeth]

I would love to understand where the flood of material is coming from. Is a whole generation of major collectors getting out, are card doctors stepping up their game/moving more of their accumulated inventory, some of each, something else?

[Johnny630]

Originally Posted by Peter_Spaeth

I would love to understand where the flood of material is coming from. Is a whole generation of major collectors getting out, are card doctors stepping up their game/moving more of their accumulated inventory, some of each, something else?

Peter I think it’s coming from guys who are long time collectors that think these numbers are to good to be true and they think he’ll why not time some stuff. Most prob never thought in the 90’s stuff would be selling like this.

That’s just my theory...take some risk off the table.

[Peter_Spaeth]

Originally Posted by Johnny630

Peter I think it’s coming from guys who are long time collectors that think these numbers are to good to be true and they think he’ll why not time some stuff. Most prob never thought in the 90’s stuff would be selling like this.

That’s just my theory...take some risk off the table.

In 2016 the numbers for a while were unprecedented too, but I just don't recall such a huge amount of material flooding the market, could be wrong.

[Peter_Spaeth]

Originally Posted by Johnny630

Peter I think it’s coming from guys who are long time collectors that think these numbers are to good to be true and they think he’ll why not time some stuff. Most prob never thought in the 90’s stuff would be selling like this.

That’s just my theory...take some risk off the table.

You know me, my first explanation for everything is going to be the card doctor/TPG axis lol.

[JustinD]

Originally Posted by Johnny630

Peter I think it’s coming from guys who are long time collectors that think these numbers are to good to be true and they think he’ll why not time some stuff. Most prob never thought in the 90’s stuff would be selling like this.

That’s just my theory...take some risk off the table.

This is my philosophy of late, I have switched to obscure issues and errors as I refuse to bury myself in losses when this returns to the norm. It has been a fight to not clear the drawers with all this new blood in the water when these new collectors are buying like this is 2007 real estate and completely bought into the "investment". I'll be back buying the good pieces in a few years that are soaking in the tears of these noobs.

...also Peter is amazing and needed on this forum for his knowledge and honesty. He'll also still be here in years unlike the rotating cast of characters, lol.

[Santo10Fan]

Originally Posted by Peter_Spaeth

I would love to understand where the flood of material is coming from. Is a whole generation of major collectors getting out, are card doctors stepping up their game/moving more of their accumulated inventory, some of each, something else?

If one concurs that a bull market peaked this past spring (which of course is debatable on another thread ) the consignment decisions from that time period would now be showing up at REA and Mile High, etc., no?

[Kidnapped18]

Originally Posted by edjs

They used to do two auctions a year, now it’s basically every month.

+1

[glchen]

Originally Posted by edjs

They used to do two auctions a year, now it’s basically every month.

+1, another vote here. The current auction is a very, very nice auction. I have a bunch of placeholder bids in already. However, the Encore auctions do dilute their Signature auctions.

[mrreality68]

Hi

I think it is a very good auction and has a very good selection. As some said a few reasons for less hype

1. Alot my auctions and auction houses that it seems they all blend into each other
2. All auctions seem to all have bigger selection and more of the vintage, high quality cards of all grades
3. many of the cards that usually only come up every few years all seem to be coming up each auction recently with more collectors trying to make a profit on what they bought in the past at these new high levels.
4. Sensory overload. Every auction has something I want and it is hard to prioritize what to get with a limited budget and fear that the next auction has what you really wanted

But I am happy with REA both as a buyer and a seller.

I am looking forward to some of the items and hope to show them in August New Card Pick up section here on the Forum

[Jason]

I don't know but the near complete T209-2 set is a thing of beauty! I hope to pick up a few of them post auction if possible.

[Exhibitman]

I haven't received a single email about it.

[Peter_Spaeth]

Originally Posted by Exhibitman

I haven't received a single email about it.

You are not worthy.

Seriously though you may have fallen off the mailing list, I've been getting daily reminders.

[trambo]

I know it's been said but there are just a ton of auctions all the time these days. Heritage seems to have a big auction monthly, REA is now seemingly monthly and all the other major auction houses just keep running auctions with incredible stuff. Not as much hype when you can get a big pickup for your PC as frequently as you can now.

I'm not saying I mind the frequency but I think we all get a little fatigue when you are constantly looking at which nights each week you're staying up until stupid o'clock to see if you were a winner....!

[conor912]

They’ve completely ruined their “specialness”, imo. Just another monthly auction now, regardless of how they bill them.

[frankbmd]

Originally Posted by troutbum97

You're on here 24/7/365, bitching about the card industry.

Everything is a fake, a fraud or a scam. And you continually post over & over & over. *OCD* You have 5 posts already on this fresh thread.

This REA auction is fantastic. I'm loving it. I'm hoping to pick up a few cards that I have been searching for over a year, and they've turned up here.
A few other mixed lots I hope to snag, too. I'm excited. Thrilled. Hopeful.


But, you keep being you, bitching & posting 24/7/365. You saturate these threads with constant negativity.
Your constant negativity has even carried over into the Robert Edwards arena.

Maybe you should log off and take a walk in the fresh air. The world is not so dark & grim away from your keyboard.

Brian May

Originally Posted by Leon

FWIW, I disagree with you. Peter brings up good conversation points.

And there is no fresh air in Newton.

[BengoughingForAwhile]

Originally Posted by frankbmd

And there is no fresh air in Newton.

I can attest to that! The couple of times I ran through Newton and hit those hills between miles 16 and 21 it felt like there was no air in Newton, fresh or not!

And FWIW, Peter is one of the best things going on this forum.

[Peter_Spaeth]

Originally Posted by BengoughingForAwhile

I can attest to that! The couple of times I ran through Newton and hit those hills at mile 20 or so it felt like there was no air in Newton, fresh or not!

And FWIW, Peter is one of the best things going on this forum.

I found the downhill after Heartbreak much more problematic than the Newton Hills the two times I ran it.

[trambo]

Originally Posted by BengoughingForAwhile

I can attest to that! The couple of times I ran through Newton and hit those hills at mile 20 or so it felt like there was no air in Newton, fresh or not!

And FWIW, Peter is one of the best things going on this forum.

Those hills were killer, that's for sure!! Congrats on your finishes, too! 08,10 and 11 for me (charity fundraiser all 3x). Can't speak to the air in Newton as I was just happy to be moving forward and able to breathe at that point...haha!

[CitizunKane]

I'm old school and like the printed catalogs (particularly with REA - the catalogs are so amazing, and the website is rather bad, particularly on mobile). It seems to me like the catalogs are arriving towards the end of the auction these days, rather than before bidding starts? That limits my excitement - I feel that the auction doesn't begin until I have a catalog in my hands.

[ullmandds]

Originally Posted by trambo

I know it's been said but there are just a ton of auctions all the time these days. Heritage seems to have a big auction monthly, REA is now seemingly monthly and all the other major auction houses just keep running auctions with incredible stuff. Not as much hype when you can get a big pickup for your PC as frequently as you can now.

I'm not saying I mind the frequency but I think we all get a little fatigue when you are constantly looking at which nights each week you're staying up until stupid o'clock to see if you were a winner....!

agreed...the way life has become with the interweb...it's everything all the time. There seems to always be an auction going on...and no shortage of quality items with prices the way they are.

I perused REA for the first time last night and dropped a few dozen bids...there are some interesting lots in there.

[mrreality68]

Originally Posted by ullmandds

agreed...the way life has become with the interweb...it's everything all the time. There seems to always be an auction going on...and no shortage of quality items with prices the way they are.

I perused REA for the first time last night and dropped a few dozen bids...there are some interesting lots in there.

I had to do the opposite so many items I wanted I have to control the temptation and stay focused on the core collection. Otherwise I buy, then do not have funds when something I really want and then have to flip it and hope nothing I wanted came up in between.
Unfortunately I am weak and often by great things that I got distracted by.
But all part of the fun of collecting

[Republicaninmass]

Old veterans bailing out, lots of these meteoric cards all at once, hoping it sets a new benchmark

[Mark17]

REA's auction has only ONE game used jersey - a 1966 Orioles coaches shirt.

I wonder if that's due to a lack of sellers or a lack of buyers in the GU arena.

[Casey2296]

Expanding on Jeff's point. This is a great time to be a collector regarding auction houses, but you better know what you want your collection to look like and stay focused on your goals, there's lots of squirrels to chase if you're not careful.
Cards that have been in collections for 20-40 years are coming to market for a number of reasons from estate planning to inherited collections to "I can't pass up the money". The opportunity to purchase rare Pre-war gems has never been greater for a new collector, it's fantastic.

That being said, there is definite fatigue from all this stuff coming so fast. I'm just recovering from a Heritage hangover and there's gems at the next Heritage and REA, LOTG is about to post his best auction ever regarding content.
The problem arises when key cards become available so close together, in the past one could budget over time, that's accelerated to how do I fund these once in a lifetime opportunities in a short period of time. Once these key cards are sold they will disappear from the market for another 20-40 years.

Damn the torpedoes, full speed ahead...