Since I have launched my custom live online bidding system, my client list continues to grow with a current membership exceeding 2000 members in the US including Europe and Canada. With that being said, I can also proudly state that my auctions have brought record prices for quality items over the years, especially for Midwest and West Coast collectibles.
With over 30 years in this business, I have been fortunate enough to build a strong reputation for my honesty and integrity and along with that, I proudly have some of the most seasoned collectors dealing strictly with me. Many of my clients are quiet, not in the regular circles and do not attend live auctions. So, when they purchase, they rely on my expertise and knowledge to know that what they buy is quality.
In my experience, I have observed that live auctions have the most potential for success regarding more common items. However, on the other hand, live auctions do not have the same impact on the more rare and desired items because those specific buyers, who are prepared to pay top price for a unique piece, as I mentioned above, are less likely to attend. Hence, the possibility of a high sale decreases, and the item is sold for a price that severely under values its potential. My target audience and loyal customer base prevent this from happening through my auction system because the reputation of Railroad Memories has grown over the years to be recognized as the top company specializing in railroad collectible sales in the nation.