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Rich Penn to hold 100% absolute Americana collectibles auction Halloween weekend
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See what the bid is at in the slideshow below
If there's one thing that makes me giddy, it's a 100% absolute auction with great merchandise. An absolute auction is one without reserves.
This Halloween weekend Rich Penn Auctions will hold it's bi-annual auction in two sessions which will include over 1,100 lots!
Session 1 will take place on October 31
Session 2 will take place on November
Both sessions have Online bidding available. You may enter a bid early, or bid against the floor in real-time. Of course, registration is required.
Absolute auctions are like flying without a net, and it means that you have a chance to get some real steals! Of course, it also means that the auction should have a fair amount of activity as well!
Rich Penn Auctions holds two big auction events a year, and the auction house is now seeking quality consignments for it's Spring, 2010 auction. If you're interested in consigning for that sale, go to http://richpennauctions.com
This Halloween weekend auction features a bonanza of authentic Americana, by the gentleman that wrote the book on the genre, or at least a couple of books. Seriously, Mr. Penn has actually written two well received books: Mom and Pop Stores - A Compendium of Merchandising Tools for Display, and Value Guide, and Mom and Pop Saloons.
He has plans for a third book: "Mom and Pop Drugstores."
I recently had a chance to ask Mr. Penn a few questions about his upcoming auction and how he runs things.
Walt: Are all your auctions absolute?
Rich: Yes
Walt: Can you give me a breakdown of percentages in regard to Online vs. floor bidders?
Rich: Floor bidders account for about 50% of the purchases, the other 50% is a combination of Online and absentee bids.
Walt: How long have you been running these types of auctions?
Rich: About 9 years.
Walt: And how long have you accomodated Online bidders?
Rich: 7 years.
Walt: Do you find it difficult to attract consignments with a 100% absolute auction policy?
Rich: Not at all. When we explain to the consignor how this creates a much more attactive auction than those auctions which use reserves, they get it. There are some who we recommend to other auction houses if they insist on a reserve.
Walt: What percentage of the lots in your auction are owned by the auction house?
Rich: None. We don't opperate that way. We feel that to attract high caliber consignors, it's important that we don't compete directly with our consignors for bidding dollars.
Walt: What are the highlights in this auction?
Rich: That's a tough question. There are so many great lots in this auction... I'd have to say that we expect some of the jukeboxes, casino games and pinball machines to do exceptionally well, but as you know, they too, have only a starting bid of $25.00.
Walt: Thanks for your time and good luck.
Rich: You're welcome, thank you.
See the slide show below for pre-auction estimates and current bids at the time of this article publication. Some of the items in the sale include:
- General store shelf stock, Arm & Hammer Washing Soda & Bicarbonate Soda boxes (8), all full of orig product, VG to Exc cond, 4" to 9"H.
- General store shelf stock, Babbitt's Baking Powder, Soap Powder, Soap, Cleanser & cdbd sign, all are full of orig contents, all VG to Exc cond, sign is 7.5"H x 14.75"W.
- Coin-operated razor blade vendor, 10 Cent, cast aluminum w/wrinkle finish, VG cond, 20"H x 14"W.
- Coin-operated arcade game, Bally Spinner, 10 Cent, 1 to 4 players, a fun machine in VG working condition, 46"H x 29"W x 29"D.
- Coin-operated record player, Williams Music Mite, 10 selection, VG working cond, 54"H x 15"W.
- Petroliana, The Jones Storage Battery Authorized Dealer 2-sided flange sign, Good to VG cond w/some edge losses, 18"H x 20"W.
- Petroliana, Auto-Lite Battery light up clock, domed outer glass & glass face, VG cond w/some peel on letters
- Roi-Tan Cigar car, adv marquee reads, "An auto a day is given away-A Brand New 1939 Chevrolet" & "Take a ride w/Sophie Tucker & her Roi-Tan show on the Radio", Exc cond, 4.5"H x 4.25"W.
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