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Thread: Grey flannel auction
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06-22-2017, 09:41 AM #1
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- Feb 2015
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- 213
Grey flannel auction
Steiner got pasted for this a while back so it's only fair to blast grey flannel. Why is this auction still going? I don't understand how bidders need 3 weeks to bid and then another 10 plus hours of extended bidding. Has anyone on here stayed up all night watching this?
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06-22-2017, 09:59 AM #2
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- Mar 2008
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- 1,342
Re: Grey flannel auction
Received an email around 4am that I was still winning a lot. Now I'm outbid.
Junk...
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06-22-2017, 10:29 AM #3
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- Aug 2014
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Re: Grey flannel auction
Truly is insane! and really stupid!
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06-22-2017, 02:17 PM #4
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- Oct 2014
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- 229
Re: Grey flannel auction
It is now closed, but, didn't get an email announcing it...actually, I'd rather have it close the next day rather than the middle of the night/next morning, if they have to close it at once...
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06-23-2017, 03:57 AM #5
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- Oct 2013
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- 38
Re: Grey flannel auction
The thing is bidders don't usually actively bid over the first three weeks. It's the extended bidding period which is the real auction.
That said, as a bidder I agree with the concept of an extension after each bid if its an item by item close. The frustration comes from the whole catalogue being extended due to a bid on a single item.
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06-23-2017, 11:57 AM #6
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- Dec 2012
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- 50
Re: Grey flannel auction
I hate the extended bidding but it will never change. I've never been to a live auction where the auctioneer gavels it as sold but then says "you've won it for now but we are going to formally sell it 8 hours later if any one else wants to creep in at that time."
Maybe just stop calling them auctions.
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06-23-2017, 01:38 PM #7
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- Oct 2013
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- 262
Re: Grey flannel auction
do people prefer to have the auction end in the wee morning hours on the weekend (most auctions), or during the week at the start of the following workday (grey flannel)?
on one hand, with the auctions that end on the weekend, you are able to stay up for most of, if not the entire, auction if you wish. but on the other hand, during the week with grey flannel, if you wanted to you could have put in your final bids when you woke up/got to work the next day.
my preference is the weekend, for sure. just too long the other way, in my opinion.
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06-23-2017, 05:23 PM #8
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- Oct 2014
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- 229
Re: Grey flannel auction
Well, good point...Robert Edward auctions seems to have the best of both worlds with how they end their auctions now...
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06-23-2017, 05:45 PM #9
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- Oct 2013
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- 262
Re: Grey flannel auction
that is pretty true, though their last one was on a sunday i believe. i think the only way extended bidding gets shortened if it closes lot by lot.
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06-23-2017, 11:59 PM #10
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- May 2015
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- 1,096
Re: Grey flannel auction
everyone should just not bid. I don't think they do a very good job of vetting their stuff anyway....personally I'd use mears or another one.