Love of the Game auctions

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Love of the Game auctions

Post by Rich on Tue Feb 05, 2013 2:21 am

I consigned a few items in LOG auctions. What a major disappointment, most of my lots went below prices dealers would pay for them. Was told that one of my items would be a "featured" listing to get me to consign. This lot was buried deep in auction. My best lot outcome was the one that did not sell. It's a drag to hope a lot does not get a low bid so you can get it back so you don't lose your ass.

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Re: Love of the Game auctions

Post by seablaster on Tue Feb 05, 2013 6:30 pm

It's always a drag when consignments don't meet our expectations.

I don't know the gentleman personally and have only placed bids in his debut auction. People seem to be pretty happy overall with the material available and his customer service.

Care to disclose which lots you felt were poor performers?
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Re: Love of the Game auctions

Post by ullmandds on Tue Feb 05, 2013 6:55 pm

Some stuff is just ice cold these days...like the stuff I keep consigning to Lee at Sterling...while other stuff is hot. It's more the "stuff" than the venue!
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Re: Love of the Game auctions

Post by Bicem on Wed Feb 06, 2013 7:58 am

which lots? my consignments did well.
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Re: Love of the Game auctions

Post by r337man on Sun Feb 24, 2013 7:57 pm

I am sorry to hear about your misforyune. I know Al and he is a good Joe. The problems with auction houses is they are at no risk whatsoever. I watched a friend of mine who owns one promise a guy a high price verbally on an E90-2 Wagner and it sold well below what he told him and for less than I would have paid him.

Auction houses want your stuff and at no risk to them.

I consigned a few things to Clean Sweep from the National and I got destroyed on all but 2 pieces.

From now on when I am approached by an auction house, I will tell them to buy the stuff and then auction it starting at a low minimum bid. They can take the risk.
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Re: Love of the Game auctions

Post by dstudeba on Wed Feb 27, 2013 6:50 am

Hey Rich, that sucks. Auctions are tough as you give up control. I also consigned to LOTG and was happy with my results, but it helped that I sent them 8 lots (2 of which didn't sell) so some did better than expected which made up for the ones that didn't do as well. Not sure it is the exposure of the venue (full disclosure: the owner is a friend of mine) as the worst I have ever done in an auction is with REA. Some issues have less of a following. Non T206 cards are a lot less liquid than they were 5 years ago which makes these disappointments more common unfortunately.

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