If I submit a green portrait common back Cobb in a PSA 4 and the auction house already has one or more in that exact grade, they should ask me what to do with mine. That puts the outcome in the hands of the consignor.
It is true that in a major auction there will likely be more than one, but I would prefer to have mine as the only example in a smaller though still well known auction.
Collectors will find it and instead of competing bids among several in a major auction, it will be the only game in town on that day.
From other posts, sounds like Al may be one of the few who has it right by asking the simple question.
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