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  Regency-Superior Oct 2009 auction (Page 3)

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Author Topic:   Regency-Superior Oct 2009 auction
Tykeanaut
Member

Posts: 1624
From: Worcestershire, England, UK.
Registered: Apr 2008

posted 10-14-2009 09:14 AM     Click Here to See the Profile for Tykeanaut   Click Here to Email Tykeanaut     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Sam Que:
I just started collecting not to long ago, can I assume the $180 for the Spaceflori's was reasonable? ...or did I overspend?
I would consider $180 to be a reasonable price. I realise they would be more expensive, but it's a pity the Spaceflori displays aren't a little larger though.

MadSci
Member

Posts: 184
From: Maryland, USA
Registered: Oct 2008

posted 10-15-2009 01:35 AM     Click Here to See the Profile for MadSci     Edit/Delete Message   Reply w/Quote
Well I for one am having some problems with Regency's latest auction.

During the auction I won four lots -- at least according to the messages on my screen.

I got an email from them that only showed three of the four lots. The next day I received another email that only showed I won three lots!

My on-line account shows three lots, but is missing my credit card info, and I can't update any of the info without the system throwing an entire page of error messages at me.

I have been out with the flu this past week, so I haven't yet been in touch with the good folks at Regency, although I have emailed them tonight. I hope to call them tomorrow.

They've always been great to deal with in the past, so I expect it will get straightened out just fine. I'll let you all know how it turns out.

Just wondering if this is happening to may other folks out there?

MadSci
Member

Posts: 184
From: Maryland, USA
Registered: Oct 2008

posted 10-15-2009 04:04 PM     Click Here to See the Profile for MadSci     Edit/Delete Message   Reply w/Quote
Well I came out right down the middle: I didn't lose the flown flag like one email suggested but I did lose the Vostok model that I was very interested in. The galling thing is I could have bid on a later lot if I had known.

Sigh...

As usual the people at Superior have been courteous and fast in replying. David Kols emailed me today confirming the situation. As usual, in this case, the problem is a lack of integration between the live action on the Floor and the Internet bidding/reporting software. They seem to be still working out some of the kinks, as David said in his email:

"We used new web auction software for the first time, but actually operated the sale off our old software. Unfortunately as we later found out, the two software programs at times had trouble updating each other."

Hopefully they will continue to get more integration into the process and things will continue to improve. In the meantime I remain pleased with Superior's commitment and customer service. Just remember, the "Floor" always wins, so internet bidding will always have its weaknesses. The Sale 'ain't final 'till the artifact is in your hands!

Tykeanaut
Member

Posts: 1624
From: Worcestershire, England, UK.
Registered: Apr 2008

posted 10-16-2009 07:14 AM     Click Here to See the Profile for Tykeanaut   Click Here to Email Tykeanaut     Edit/Delete Message   Reply w/Quote
I notice that Armstrong signed photos now seem to realizing more sensible prices.
Besides the pleasure of owning one, do you think they are still a good investment?

capoetc
Member

Posts: 1705
From: Newnan GA (USA)
Registered: Aug 2005

posted 10-16-2009 10:22 AM     Click Here to See the Profile for capoetc   Click Here to Email capoetc     Edit/Delete Message   Reply w/Quote
In a word... no. There are LOTS of them out there. There will likely be a few events that will generate activity for "investment" purposes, but I would be stunned to see the prices continue on an ever-skyward upward trajectory.

There will always be an interest, so I would think the prices are unlikely to drop precipitously. But I would not recommend investing in "Armstrong WSS-signed futures" to fund your retirement program.

It is pretty cool to own one, though.

Alan Lipkin
Member

Posts: 76
From: Beverly Hills, CA USA
Registered: Mar 2006

posted 10-16-2009 02:34 PM     Click Here to See the Profile for Alan Lipkin   Click Here to Email Alan Lipkin     Edit/Delete Message   Reply w/Quote
First I would like to thank everyone on this list for their input and constructive criticism. We do take it all seriously and we are trying our best to improve every sale. Quality of catalog production and lots listed are examples of where we have worked hard to improve. This past weeks' auction did have some glitches primarily due to the fact that we were using two systems, the one we had been using plus a new Live Interactive system. Unfortunately, the two systems did not communicate with one-another as well as we had expected (despite serious testing and trial runs). The imconsistencies have been tracked down and shouldn't happen again in the future. Only one system, the new one, will be in operation for our next auction in January.

Our board of dorectors has requested that I get input from the "collector base" about how to run future auctions. We have come up with three possible scenarios. It would be greatly appreciated if we could get input from Collectspace participants either here on this thread or sent directly to my email address: alipkin@regencysuperior.com

Three formats for future auctions have been suggested:

  1. Internet auction closes at a set time with NO live auction floor – Can do unlimited number of lots – each lot stays open for 15 minutes until last bidder is finished – can take up to 6 hours to close a sale.

  2. Internet bidding ends one hour prior to scheduled auction and then LIVE auction floor takes over with NO more web bidding – This is how we do ALL stamp auctions – Best way for Shows since we can call up to 500 lots an hour, and there are no missed bids from the Website – The Stamp sessions this past weekend ran flawlessly.

  3. LIVE internet and LIVE floor - Can only call about 100 lots an hour – This is how the last Space sale was done, but there are missed bids due to the inherent lag time of the internet - At least 1-3% of internet/floor bids are NOT picked up in a timely fashion. This id due to slow modems or connection speeds of some bidders or due to fluctuations in the speed of the internet as a whole at different times.
If you would like to let us know your opinions and actually have an input into future auctions, please feel free to help us out.

We will let you know as things progress.

Best,
Alan Lipkin
Senior Vice President
Regency-Superior, Ltd.

spaced out
Member

Posts: 2597
From: Paris, France
Registered: Aug 2003

posted 10-16-2009 03:16 PM     Click Here to See the Profile for spaced out   Click Here to Email spaced out     Edit/Delete Message   Reply w/Quote
A combination of live floor and live internet bidding seems to give the best possible chance for everyone to participate.

I for one like to do some pre-auction bidding, particularly for one or two items I'd hate to miss due to glitches, but in the end nothing can beat participating live and I'm sure most buyers end up spending more due to auction fever than they would calmly placing bids in a non-live situation.

I guess you're probably fed up with hearing about the Heritage Live system but it really is very slick and pretty-much perfect from an end-user point of view. Presumably it's also very expensive but I would think it's possible to come close to what they do for not too much money.

My least-favourite system is probably RR's never-ending auction. You can't really bid based on a budget because you never know when the auction will end due to the 10 minute rule. You can place a few bids that are winning but then they might all get beaten at 4am while you're asleep and it's too late to spend your money elsewhere by the time you discover the results the next morning.

The 10 minute rule that applies to the whole auction is just plain daft - it means that two indecisive idiots bidding every 9m50s on a Britney Spears signed photo can keep all lots open until 7 the next morning.

Michael
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posted 10-16-2009 03:35 PM     Click Here to See the Profile for Michael   Click Here to Email Michael     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Tykeanaut:
I notice that Armstrong signed photos now seem to realizing more sensible prices.
I noticed that myself. The prices of Neil Armstrong WSS uninscribed, I have seen them for 6-7000, now they are going for 3-4000... again, who knows what they will go for in years to come? Since there are sooo many of them out there...

Tykeanaut
Member

Posts: 1624
From: Worcestershire, England, UK.
Registered: Apr 2008

posted 10-17-2009 09:13 AM     Click Here to See the Profile for Tykeanaut   Click Here to Email Tykeanaut     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Alan Lipkin:
If you would like to let us know your opinions and actually have an input into future auctions, please feel free to help us out.
I did enjoy bidding live via the internet. I also faxed a bid in for another lot. I'm sure if the glitches can be sorted, live bidding would be the ideal for most folk?

mjanovec
Member

Posts: 3593
From: Midwest, USA
Registered: Jul 2005

posted 10-23-2009 03:42 PM     Click Here to See the Profile for mjanovec   Click Here to Email mjanovec     Edit/Delete Message   Reply w/Quote
Given the three options that Alan has put forth, I would only support Option #3.

Option #1 is too unpredictable and can drag on too long. If Option #2 were instituted, I would cease bidding with Regency-Superior altogether, as I have no interest in placing an absentee bid and not having a chance to bid live (since it's doubtful I would attend the live auction in person). Sometimes, I make last-second decisions to go for an item if the price is lower than I expected or if I suddenly decide I want it in my collection. With Option #2, there would be no way to enter into the bidding at the last moment.

Also, one's budget benefits from a certain flexibility with Option #3. If I lose one lot I really wanted, I can then use that money towards another lot later in the auction.

Mercurypgm
Member

Posts: 212
From: Houston, Tx
Registered: Aug 2002

posted 10-23-2009 04:53 PM     Click Here to See the Profile for Mercurypgm   Click Here to Email Mercurypgm     Edit/Delete Message   Reply w/Quote
Just got my items from Reg-Sup and every item was PERFECT. I am extremely pleased and all I can say is kudos to Alan....

SpaceSteve
Member

Posts: 330
From: San Antonio TX, USA
Registered: Apr 2004

posted 10-23-2009 11:45 PM     Click Here to See the Profile for SpaceSteve   Click Here to Email SpaceSteve     Edit/Delete Message   Reply w/Quote
I vote for option #3.

It's quite simple. If I can't bid "live", than I don't bid.

gliderpilotuk
Member

Posts: 3043
From: London, UK
Registered: Feb 2002

posted 10-25-2009 04:02 PM     Click Here to See the Profile for gliderpilotuk   Click Here to Email gliderpilotuk     Edit/Delete Message   Reply w/Quote
Option 3 for me....no question.

GACspaceguy
Member

Posts: 1394
From: Guyton, GA
Registered: Jan 2006

posted 10-25-2009 05:45 PM     Click Here to See the Profile for GACspaceguy   Click Here to Email GACspaceguy     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by SpaceSteve:
I vote for option #3. It's quite simple. If I can't bid "live", than I don't bid.
Agree.

Ross
Member

Posts: 373
From: Australia
Registered: Jul 2003

posted 11-04-2009 06:48 AM     Click Here to See the Profile for Ross   Click Here to Email Ross     Edit/Delete Message   Reply w/Quote
My items from Reg-Sup just arrived in Australia in good condition. Some really great items. I'll be looking forward to future auctions.


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