Hunt auctions

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Posted By: effe

I have a question about how these large auction houses work. I bid on a item in Lipset's November auction, now the exact same item has come up in the Feb. Hunt auction. Does anyone have a possible explanation on why this might be happening? The item didn't go that cheap that someone's likely to turn a quick profit. Can consignors bid on their own items if they don't like the current bid? With two times the consignors fees, plus the buyers fee, it's unlikely this is whats going on.

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Posted By: dan mckee

which item?

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Posted By: effe

It was a 1914 Milwaukee Brewers pennant

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Posted By: effe

This seemed odd to me given the all the added expenses involved, but since I've received no responses, I guess its not.

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Posted By: Julie Vognar

Sometimes you get so sick of seeing the same thing in different auctions, you wonder if you're not having a bad case of deja vu (the metal bank with the black pitcher and catcher comes to mind--probably quite rare, too!). People buy things they think will sell at what they think is a good price, and then try to sell them quickly in a different auction. Also, auction catalogues overlap, since they have to be prepared in advance, so the auction house, when they put their catalogue together, doesn't know that the thing was very recently in another auction.

And sometimes buyers REALLY goof. Like with the Wagner "strip," purchased at quite a price in a huge auction, and then the buyer tried to sell it for twice the price in his catalogue--uhuh.