GreyFlannel Auction is Over!!!

[suave1477]

Hey Kids, its play time!!!

WHAT DID YOU WIN IN THE AUCTION????

Did anyone bid in the auction?

If so did you win?

and did you win at a price you were hoping for?

[worldchamps]

Wow the basketball jerseys seemed to do very well, I guess being tied to the Hall of Fame induction helped ( Barkley sixers jeresy, Dominque jersey did very well)....I might have dropped the ball on not sending in my Barkley.

The Gervin jersey went for over $20K, still have not been able to locate a picture that even comes close to that style of font on a Spurs jersey.

I bid on the Duncan jersey but did not win.

Bill

[sportscentury]

Jason,

I did not win anything. However, Richie kindly traded me the 1977 Steve Carlton road gamer that had originally been in the auction. GFC had pulled it from the auction after I notified them that the nameplate had been restored. I wasn't sure what they planned to do with it, so I contacted them after it was pulled. It is from Lefty's second Cy Young season and is just a killer. One of the finest Carltons I've ever seen (all original except for the nameplate). The trade was a great one for both of us. I'll post photos later.

Thanks to Richie and GFC for the transaction.

Reid

[suave1477]

Reid I am glad to hear you made out on that sounds good.
I love it when someone can walk away with a good deal.

I myself thought I did ok. I won the peice of paper with all the Yankee Autgraphs and Dimaggio family autographs.

Autographs that were on the paper:
Whitey Ford, Joe Dimaggio, Dom Dimaggio, Mel Allen, Tommy Henreich, Charlie Keller, Bob Feller, Vic Rashi, Lefty Gomez and others

[trsent]

Reid I am glad to hear you made out on that sounds good.
I love it when someone can walk away with a good deal.

I myself thought I did ok. I won the peice of paper with all the Yankee Autgraphs and Dimaggio family autographs.

Autographs that were on the paper:
Whitey Ford, Joe Dimaggio, Dom Dimaggio, Mel Allen, Tommy Henreich, Charlie Keller, Bob Feller, Vic Rashi, Lefty Gomez and others

Who is Paula DiMaggio and Emily DiMaggio?

[Oil Can Dan]

So I was going hard after the David Ortiz World Series bat. When I began bidding the bid was at $2,090, so I bid $3,300 w/a ceiling bid of $4,500. The bid immediately went to $3,600, then went to $4,000. I was on the edge of my seat clicking refresh, when finally I saw the bid go to $4,929. I thought about bidding $5K, but decided that I had hit my limit so I sat and watched the auction end. When it was over, I was sad, but felt that I had made the right decision.

Low and behold I just checked my gmail account and saw an invoice from GF for the Ortiz bat. I didn't realize they reserved the right to raise your ceiling bid by 10%, so I didn't even realize that bid was from me at the time of the close of the auction. I thought I lost, but now I realize I won. It's all very strange to me, and I'm not sure how I feel about it at this point (I literally discovered this ten minutes ago).

[trsent]

So I was going hard after the David Ortiz World Series bat. When I began bidding the bid was at $2,090, so I bid $3,300 w/a ceiling bid of $4,500. The bid immediately went to $3,600, then went to $4,000. I was on the edge of my seat clicking refresh, when finally I saw the bid go to $4,929. I thought about bidding $5K, but decided that I had hit my limit so I sat and watched the auction end. When it was over, I was sad, but felt that I had made the right decision.

Low and behold I just checked my gmail account and saw an invoice from GF for the Ortiz bat. I didn't realize they reserved the right to raise your ceiling bid by 10%, so I didn't even realize that bid was from me at the time of the close of the auction. I thought I lost, but now I realize I won. It's all very strange to me, and I'm not sure how I feel about it at this point (I literally discovered this ten minutes ago).

I know this practice exists in many auction houses, when you receive an explanation of how their system words, please elaborate on this forum. Not everything works like eBay as Grey Flannel was doing this (along with other private auction houses) before most of us know what eBay was.

[both-teams-played-hard]

It's all very strange to me, and I'm not sure how I feel about it at this point (I literally discovered this ten minutes ago).

Oil can,
After reading your post, I have decided NEVER to bid on a Grey Flannel auction. In my opinion, this is sketchy as heck. Simply ask for the names of the bidders you "outbid".

[Oil Can Dan]

I know this practice exists in many auction houses, when you receive an explanation of how their system words, please elaborate on this forum. Not everything works like eBay as Grey Flannel was doing this (along with other private auction houses) before most of us know what eBay was.

I'm not sure what you're saying here - what is it you want me to elaborate on and what do you mean by "when you receive an explanation of how their system words [sic]"? I'm not waiting on or expecting an explanation from anyone, and I'm not sure what needs elaborating on. I thought I made it pretty clear in my post that it was me that didn't understand how ceiling bids worked when I wrote "I didn't realize they reserved the right to increase your ceiling bid by 10%".

In any event I got the item I wanted, so I'm happy. And I (re)-learned a lesson - understand the rules before moving forward on something.

[Oil Can Dan]

Oil can,
After reading your post, I have decided NEVER to bid on a Grey Flannel auction. In my opinion, this is sketchy as heck. Simply ask for the names of the bidders you "outbid".

I went and read that thread by Eric from last December titled "Am I Crazy?". I thought about writing in it but decided against it. I was inclined to throw a stone at GF, but the fact of the matter is the rules are posted on the website and there's a somewhat logical path to the strike price of $4,929:

- I bid $2,300 (I had a typo in my first post - it wasn't $3,300) with a ceiling of $4,550 (again, I wrote $4,500 instead of the actual amount of $4,550)
- bid is at $3,300 after my bid
- bid goes to $4,000 (or so - don't remember exact amount)

So this could have gone from $3,300 to $3,630 (10% increase), then to $3,993ish (10% increase). I recall the number was $4,xxx, so it could have been $4,073. You add 10% to that and you get $4,480, then you add 10% to that and you get my final price of $4,429 (technically $4,428).

I hate the fact that we don't get to see the bidding history and that it's all under wraps, but I knew that's how it worked going into it so I don't feel I have the right to publicly question anything here. I don't really like it, and of the three items I've won via major auction houses each and every one of them came in right at the maximum w/o me losing. I find it odd, and the fact that it's all under wraps bothers me more and more the more I win at my maximum. Maybe I'll take a break for awhile until I have more confidence in the systems of the major houses, but I cannot blame anyone but myself at this point in time as I knew the deal going in.

Sorry for taking this thread off course here. It wasn't my intention.