Nauck's auction

[eighteenbelow]

I have never bid on anything at a Nauck's auction, but there are a few things in the auction that ends this month that I am considering bidding on. However, I'm not quite sure how it works -- it's not like any auction I've ever participated in before -- and Nauck's doesn't have a phone number I can call to ask someone to walk me through it. If someone here could do so, I would be most grateful.

[Edisonfan]

Start by going to 78rpm.com and register for the auction. Once Kurt gives you a username and password. You will be able to participate in the auction. It’s all online. Just look through the Catalog by downloading the PDF from the website. Then type in the catalog number, and how much you’re willing to spend, and how often you bid. More bidding, plus a higher price will increase your chances of winning! Once the auction closes, he will send you an email with your winnings and an invoice for payment. It usually takes a few weeks for him and his staff to figure out who won what? Plus you also need to allow time for your records to be packed and shipped. These auctions take awhile as they are not like an eBay auction or on that you could attend in person.

Hope this helps, and good luck!

Paul

[Inigo]

All the instructions for bidding are in his website www.78rpm.com
It's great, I've been bidding since 1997!

[drh]

Watch his grading and defect codes closely, though. Unlike in the auctions that were run by the late, lamented Larry Holdridge, mere presence of a record in a Nauck auction does not imply that it is in top-notch shape. That isn't to say that he doesn't disclose defects or that his grading isn't fair, but you need to do your "due diligence" reading the listings and know what you're buying.

[Inigo]

Yes, and as an old customer I can say that his grading is fair and records usually are better than expected.
It's a clever system, where you bid for your maximum price, sincerely. But if you win the item, you can pay your bid, or ten percent over the next bid second to you, which is less. Imagine you want a record desperately and you are ready to pay 100 bucks. You bid 100. You win. You are ready to pay that, but if the second bid is 90 you'll pay 99, if it is 80 you'll pay 88, if it was 20 you'll pay 22.. If it was 99, you'll pay 100, your maximum bid.