Replies to This Discussion

Permalink Reply by sling on January 23, 2016 at 9:01am

I can't comment specifically, but I have attempted to consign many items in the past and was told they don't want them (not told they were fake and in fact the items were all real but they didn't want them).

Then the auction arrives and I see many  similar items (signed albums by the same artist but no my items) being auctioned,

Of course if someone else has consigned the same type item it makes sense to reject mine.  But this has happened numerous times leading to a different conclusion. I believe they have a huge collection of RR owned items that they try to sell-if it doesn't sell it will likely appear in a future auction.

There is nothing wrong with this but I don't like how they prioritize their own items over consigners. If I were running the show and we were planning to auction say a signed Clapton album and a consigner offered a similar item, I would take the consigners piece over one's I own.  It appears they don't do this.

It is possible I have a few items they would very much want to auction. However I would go elsewhere to auction those based on their dealings with me regarding lesser items like signed records

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Permalink Reply by michelle on January 23, 2016 at 11:52am

that must be really frustrating Sling

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Permalink Reply by sling on January 23, 2016 at 3:35pm

Thanks Michelle.  Frustrating but I did not lose money. I have been ripped off and lost money by other auction houses.

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Permalink Reply by Joe W. on January 23, 2016 at 10:53am

OK. The point of an auction is for an item to sell to the highest bidder, correct? If an item receives at least one bid it should sell and be the property of a new owner, correct? So, the only reason for an item to be relisted is if the highest bidder did not pay, correct? So, is it really an auction if a person is bidding against the house? Or, is it a retail situation with a different selling angle? 

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Permalink Reply by michelle on January 23, 2016 at 11:52am

well I don't know the answer myself for sure  which is why I posted the thread; - but the stuff I am sure I have seen in before recently had far more bids than just one and not paying is not an option as when I had tried to retract a bid for very reasonable reasons and long before the auction ended my request was firmly declined and I was referred to the legalities of the 'contract' I made with R and R before putting in a bid.

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Permalink Reply by Joe W. on January 23, 2016 at 12:11pm

This is not exclusively directly toward RR but other auctions as well. I've never had much success bidding in auctions with buyer fees or excessive shipping costs because I figure in those costs when calculating my bid. I have a general mistrust placing bids in advance on any auction. Don't like the thought of being "bumped". I know there are opponents to auction sniper for ebay but I am convinced it has saved me thousands of dollars over the years. Of course, the 10 and 30 minute rules some auctions have trumped last second bidding. 

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Permalink Reply by Eric Keith Longo on January 23, 2016 at 2:41pm

"I've never had much success bidding in auctions with buyer fees or excessive shipping costs because I figure in those costs when calculating my bid."

This is the correct recipe. You'll know when to "overpay" for the goods and not. But this calculation is correct - juice counts!

Eric

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Permalink Reply by Joe W. on January 23, 2016 at 2:52pm

So correct, Eric. There have been times when I paid extra for an item that dazzles me although, the vast majority of times, I am patient and conservative. I enjoy autograph collecting but it's only a tiny snippet of my life overall. What I value the most is I've got a wonderful wife, healthy children, a home, plenty to eat, and fuel in my car. That's where my heart lives.

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Permalink Reply by sling on January 23, 2016 at 2:48pm

sometime you get zero bidders hence item appearing again in future

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Permalink Reply by sling on January 23, 2016 at 2:58pm

one would think, but not so.  The consigner and auction house work out a reserve. However, auction house sometimes set minimum bids below the reserve. They say they do this to start off and  "enable" bidders to take action and continue to bid.

Sometimes no bidder makes it to the reserve meaning it does not sell and you will see it again in the future.

If the item does not sell, some ill reputable auction houses will pressue novice consignors to sell it "privately for less"-this usually means the auction house is itself buying the item because they know they can sell it for a huge profit privately.

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Permalink Reply by Randy on January 23, 2016 at 12:18pm

Many auction houses have reserves on items which are not sold to the highest bidder unless the hidden reserve is met.

That would be my guess as to why you see the same items after they apparently sold. Most auction houses show that an item has a reserve and whether or not it is met, but some don't and simply relist items in the next auction. Iconic Auctions is notorious for doing this.

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Permalink Reply by Full Time Flipper on January 23, 2016 at 1:06pm

this is what happens at RR they dont show a reserve and it looks like the item sold ,Bobs Hendrix/Walker bros flyer was in last months auction apparently sold at nearly $6000 but didnt and the hendrix isle of wight set consigned by Tracks apparently sold a few months back but both were sent back to the owners and are on e bay again they also dont show in the past auction results my only worry with this is if for instance if i carry on bidding against the reserve then i am not actually bidding against anybody else im bidding against the auction house  which is wrong    

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