Thread: Irrational Exuberance Low Number High Grade 1933 Goudeys
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Old 09-20-2007, 10:13 AM
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Default Irrational Exuberance Low Number High Grade 1933 Goudeys
Posted By: JimB

I agree with Leon on this one. Let's take a hypothetical example. Let's say I consign a card to Mastro that I believe is worth $12,000. There is one minute left in the 30 minute overtime period and the card has stalled at $4,000. I decide I would rather eat the $880 Buyers Premium and have the card back for $4400 + BP, than sell it for $4,000. What is morally objectionable about that, particularly given that Mastro sets the minimum bids at about 10% of market value and does not allow for reserves of any type other than this low minimum bid?
JimB

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