Tetris
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Posts posted by Tetris
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On 2/3/2022 at 6:26 AM, OptOut said:
I will agree that the phrasing is a little vague... I assume they meant like literally this was from Madden's office, like his own personal copy from his business office. But then it might just be from "his office" like a copy held by his business holdings, but not necessarily he himself.
Either way the fact they gave away the buyer's premium to charity, it seems to me they had a deal with his office and/or his estate to facilitate the sale, in which case I could DEFINITELY see them getting the grading with WATA fast-tracked to get it out ASAP while his corpse is still warm and selling newspaper headlines.
It was consigned to Heritage well before he died; the auction even opened for bidding about a week before he passed away. Watch the video lot description for more details:
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18 hours ago, tidaldreams said:
i would be pretty pissed if i cosigned this and they decided to put it in a random ass weekly
If HA only put low-value junk in the weekly auctions, far fewer people would bother looking at them. High value lots like this make people check the auctions every week. On top of that, if you ignore the July result, this was actually a pretty strong result; a 9.6 A++ Collector's Edition sold in April for $31,200 all-in, so this seems in line with that. For all we know the consignor was perfectly happy to sell this lot now, while we know the market is strong, instead of waiting however many months for the next available Signature auction, by which point the market may have cooled off even more.
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1 hour ago, tidaldreams said:
I see... do you have a lot of experience with these auctions? I normally just attend the live session for items that I'm interested in. I need to see how the live bids are looking to determine if i should still bid
Yeah, I have a lot of experience in auctions (mostly in other collectibles). The live sessions are definitely exciting, but it does take up a lot of time!
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1 hour ago, tidaldreams said:
I see... that's a super weird way of doing it then. What's the point of even bidding before the reserve posts?
On the auction side, it's so that the bids reach the reserve price organically, before the reserve posts. On the bidder side, you're incentivized to bid early because book bids take priority over bids placed after yours is placed or during the live session (e.g. if you have a book bid of $10k on a lot, and it opens in the live session at $9500, if someone else clicks the "Bid $10k" button, your bid on the book would take precedence. In the auction world, for the person who bid live in that scenario, that's called "being wrong-footed").
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9 hours ago, tidaldreams said:
I think HA just added a reserve to this... it definitely didn't have one before and the bids were much lower. This is BS.
EDIT: yeah, it definitely didn't have one before.
It says very clearly underneath the bid in your second screenshot "Reserve (if Any) Wil post on 11/15/2021 at 7pm." And so that's exactly what happened; the reserve was posted. HA is actually one of the few auction houses in the world to actually disclose the reserve price on a lot, so I think you anger here ("This is BS") is misplaced. Reserves on eBay (or Christie's or Sotheby's), for example, are totally hidden; with HA at least you get full transparency.
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2 hours ago, Domuhnator said:
Our company policy is not to accept single items we feel will not hit $1000. There are alway exceptions and we get large collections from time to time with lower valued items but its a general rule.
I don't mean to push, but that doesn't answer my question. It sounds like what you're saying here is that the starting bid is not $1000; you only have a minimum estimated value of $1000. So in your upcoming auction that starts in another couple of weeks, will lots be starting at $1000 and up, or below that (but each will have an estimated value of $1000 or more)? Estimates and starting bids are two distinct things.
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12 hours ago, Domuhnator said:
Just because we have a $1000 min doesn't mean that everything always hits that. We'll give some borderline or new stuff a shot from time to time and sometimes lower prices items come in with bigger consignments. I would recommend for everyone to look though the auction when it goes live and assign your own values to lots. You and everyone else bidding decide where the final value is. We just procure the items for your consideration.
I'm a little confused from your posts on this thread. Are you saying that Goldin has a $1000 minimum lot value (but that the bidding doesn't necessarily open at $1000), or a minimum $1000 starting bid for each lot? Those are two very different things.
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Very neat tool, though the data is incomplete; it lists the top result for Pokemon Red as $84,000, which is missing the record result of $132k from July 2021: https://comics.ha.com/itm/video-games/pokemon-red-version-wata-94-a-sealed-sandshrew-first-production-gb-nintendo-1998-usa/a/7261-28115.s?ic4=ListView-ShortDescription-071515
This result for $72k also appears to be missing: https://comics.ha.com/itm/video-games/pokemon-red-version-wata-94-a-sealed-sandshrew-first-production-gb-nintendo-1998-usa/a/7242-93055.s?ic4=ListView-ShortDescription-071515
All-in-all I think it's really cool, but probably not accurate enough at this time to really be used for serious price research.
WATA Finally Getting Sued?
in Sealed & Graded Collecting
Posted
I wouldn't put too much stock into that Forbes article; this is a point-by-point rebuttal by Heritage: https://www.ha.com/c/ref/halperin.zx?type=surl-forbes