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HankronLikely, it is someone inexperienced who has overestimated the value of the item he owns. Overestimating the value is a common malady for beginners, especially for those who have read the stories about the $1 million Honus Wagner, $3 million McGwire 70HR Ball or watch the Antiques Road Show. With a minimum of $20,000 (plus reserve) it's a harmless auction, as it's unlikely that anyone would place a bid.