Quote:
Originally Posted by edhans
I respectfully disagree. I don't think we can reach any conclusions about the current "market value" based on this auction. The winning bidder may have had several more increments left and would have happily paid north on $1M for it. Regrettably for the consignor, there was no third party willing to push it to that level. If that card were offered at a private sale for $1.2M and the buyer agreed, wouldn't that establish a true "market value"?
|
Two Net54 members state they were the immediate under bidders. On any lot in any auction the person who wins that item could always been willing to pay more but if nobody else bids then in the auction format, that is market value. We use those results predominantly as market value in the hobby. Fixed price is another way to determine market value but it does not in any way invalidate the auction result. What something is worth or what its value is in many cases can be a fluid concept. As it stands, 762K is a valid comp, love it or not.