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Barry, I guess the answer is that when friends bid up their friends' lots in auctions they only do so in Goodwin and not your auctions. Or REA. Or B & L. Or H & S. Must be that special secret software you guys all employed.
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I don't know Jeff what goes on, but the fact is if I don't get prices equal to other auction houses, I'm a has been. And as you may have noticed my auctions no longer exist.:(
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Because of EBay and their crappy business practices, I think the use of auction houses is going to expand not retract. |
For what it is worth, I consigned six cards to Goodwin auction that closed a couple of months ago. Five of the cards went for less than I had hoped and one did really well. I was not surprised by the one that did well. It is a super tough card that had not been publicly offered in more than a decade. The others were strong cards, but not extremely tough to find. The ones that seem to be doing well in this economy are the ones that buyer's might not get another chance at for a long time.
I have always had positive dealings with Bill Goodwin. JimB |
Cat- appreciate the support, but it's really tough for a small auction business to get consignments these days. And you have to get them consistently, and you have to find a way to top what you got previously. If you don't make a splash then you don't have a whole lot. That's my take.
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P.S. IMHO, next to REA, Goodwin has the best write-ups in the hobby. I think it makes a difference, especially if some of the heavy bidders are new to the hobby. He also puts together a very nice catalog in general.
JimB |
Barry, try guaranteeing prices for consignors as the great guys do. And have a reputation for shilling up your lots, that helps too. Oh and let's not forget great write-ups, that's the most important thing of all.
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Jim- the write-ups don't hurt, but much of it is hype and padding. It's good to give historical background on a piece that merits it, but you don't need a 250 word essay to describe a T206 common in PSA 8. Do people actually read those things?
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I agree that every card does not merit the extensive write-ups they sometimes get, but some history of rare sets or cards, relative scarcity, maybe some interesting tidbits about the subject all contribute. I think sometimes people who have a lot of hobby knowledge and baseball history knowledge forget what it was like to not have that and then fail to appreciate it when they see it because it is nothing they did not already know. Being a teacher, I am constantly trying to remember what is was like to not know what I do now and what it was like to learn it. Hopefully that makes me a better teacher. And hopefully the write-ups welcome more people into the hobby. So I appreciate the descriptions, even when it is info I already know.
JimB |
By the way, there is more than one person on this board that seems to harp on the same stuff over and over again. That becomes much more of a turnoff than reading about Ty Cobb's .367 lifetime average for the 1000th time in an auction write-up.\
JimB |
Good points, but it is also helpful to offer that information succinctly. I think there are many people out there with short attention spans who may not want to read a long essay about each lot.
I offered historical background when it was necessary, but tried not to ramble or repeat myself. We veterans do get jaded, but I know when I'm reading through a catalog I'm skipping half the text. |
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:eek: I'm OK, thanks for looking out for me! There seems to be overwhelming and relevant information from NET 54ers who have consigned and purchased cards in Goodwin and the consensus is... You don't always get great prices as a consigner and your top (topple) bid doesn't always get hit. Unless you have information otherwise, maybe it is what it is. Barry- Of course collectors read the description! There is a ton of knowledge in the write ups, and I think it has a huge deal to do with the prices he gets. There are collectors joining the hobby all the time. Not everyone understands the nuances or relevance of each card, player, etc. I think this is the single most contributing factor to Bill's success. |
Jim, you can call me out by name, I think you'll find I have a pretty thick skin and am not easily deterred. And fraud in the hobby is a pretty important topic even if it does blow a potential zen moment. At least the FBI seems to think so.
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Dan, consignors who have shared in the ridiculous prices of Goodwin have every incentive to protect him now (just as many protected Mastro a few years ago). But everyone here knows the truth about what goes on in his auctions -- and many just don't want to say it here because to do so would be to kill the golden goose.
And unless Bill turns over his bidding records or the people who have gotten guaranteed prices on lots come forward I'm not sure there is much anyone can do other than set out the more ludicrous results he's gotten. Circumstantial proof is pretty powerful as it certainly tipped me off to Mastro's fraud and I guess some important people agreed. But I will add that whatever I felt about Mastro's shenanigans based on the auction numbers is tiny compared to what I see with Goodwin. But then again, I'm just a bidder and not a consignor so what do I know. |
Dan- come on, you don't really believe that bidders pay more after reading the text? All well written lots are helpful to them, but do you think bidders exceed their limits because of the text? I highly doubt it.
But I do agree there are beginners coming into the hobby and the extra information helps them learn about the memorabilia (again assuming that it is genuinely well written). |
Interesting info on the 1952 Pafko card...not a rare card, and one that comes up often. How in the world does this card get 4-5x in a Goodwin auction what it fetches on ebay?
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Barry - would you think any less of me if I admitted that I have been whipped into a bidding frenzy because of a flowery auction description before?
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Jeff, as you know, people believe what they want to believe. So if people want to believe auctions are clean, they are going to believe auctions are clean, and certainly even the most corrupt auction has lots of legitimate sales. It's what to make of the ones that defy common sense, or the ones that show up on the table a week later, or that ones that keep getting recycled, that make me, personally, cynical. Now, about Ty Cobb's batting average.....
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Richard- depends what you mean by flowery auction description. Is it an accurate appraisal of a card that turns you on, or all the silly hype we see? Do you bid more when it reads "snow white borders" or "corners so sharp you can shave with them?"
If so, see your doctor.:) |
If memory serves, Greg Bussineau pioneered the over the top descriptions back in the 90s. Some of them were really quite creative. Brian Drent has had some great ones too, including once describing a card as the "color of a Hawaiian sunset." I imagine those guys must be laughing at some of their own prose.
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I'm partial to the descriptions in the Huggins and Scott catalogs :)
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If you have something great, go ahead and say it's great. I would do the same. But so much of auction text is unnecessary and poorly written. Some of the descriptions I read make me cringe. But that's me.
I've always assumed bidders don't like to be talked down to, or treated as if they were buying a used car. If you are offering a piece with a great deal of history, explain the historical signifcance to your audience. It's extremely important and goes a long way in selling the item. But when I see the hype that goes with slabbed cards I turn the page. Just give me a clear scan and the grade, and I can take it from there. |
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And I've heard that Goodwin & Co. --get this -- will take cards slated for future auctions to shows and let prospective bidders have a gander at them. Kind of whet their appetite, so to speak. I'm not sure whether anyone has thought to do that. Golly, that probably would add another $750 to the hammer price. It's all about marketing and descriptions in the catalog. Oh yes, and Goodwin & Co.'s super-neato-keen Web site. $500. |
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Especially the PSA 5 that sold for $5,294. The centering is spot on and the corners look relatively clean. There is a 99% chance of the buyer of that card previewing the card in person and deciding there is a decent chance of cracking the card, fixing whatever problems are with the card and hoping to get it in a 7 holder and make $10,000 or more profit. If the card don't get into a 7, there is always a raw card customer who is getting a near mint example in his mind and there is profit to be made paying $5,294 if that is the case. The Pafko that sold for $2,397 has superior centering as compared to scans of any of the other PSA 5's and the corners aren't shot either. There was probably an attempt to bump this card as well. |
"...fixing whatever problems are with the card..."
So you are suggesting the card received a high price because the winning bidder plans to do a few alterations before resubmitting it? |
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When card doctors compete, everyone wins.
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Plow Candy Cobb PSA 4
Same exact card in each auction. One of the Mastro auction results was not realized because the card "wasn't paid for" and it was sold for less money. I guess the down economy still caused someone (or two) to suddenly decide that the card could be popped out and upgraded upon resubmission:
5/8/09 Goodwin $21,494.30 9/1/07 Mastro $14,383.20 4/27/07 Mastro $13,698.00 4/3/06 Mastro $12,773.40 Oh and in 2006-07 Mastro was certainly not shy about bidding up their cards in any manner possible. |
Maybe Bill hyped Cobb's batting average.
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Or used flowery language in the item description.
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Goodwin Thread
What nobody seems to realize and, correct me if I've missed a related response, is that detailed descriptions are more important for the CONSIGNER, not the buyer. As a frequent consigner to many auction houses, I want the auction house to make my card(s) sound like holy grails, within reason of course. REA, Heritage, Goodwin and Mile High are the four best (Mastro was also great) at accomplishing this and those auctions will continue to receive my high end material for "taking care" of my lots. Their descriptions and marketing concepts are the best. While I am sure it is also advantageous for the buyers as so eloquently stated by Jim B., keep in mind without a continuous flow of high end consigments, EVERY auction house is out of business.
Joe T. |
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Snip snip here, snip snip there, and a couple of tra la las....
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Greg |
Yes, in that the consignor received payment not that fraud was not involved. I've previously posted that the Plows Candy Cobb "sales" numbers were ostenstibly ludicrous once the Goodwin number was included.
By the way, is it true that a T205 set that "sold" for over 40K this summer in Goodwin showed up for sale, card by card, at the National a few days later and was deeply discounted -- by Goodwin? |
topple
Dan,
You like to use the term "topple" too? That is awesome but it is mine first. This thread is outrageous. Dan, Scan on the way. |
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I thought the discussion on that thread was specifically about the legitimacy of the card being sold 4 times. The title of the thread is Cards Making The Rounds. I did not see any posts about questions as to whether or not a consignor was paid on that thread. As far as what Bill brought for sale to the National I did not pay too close attention. The time I spent at this table was mainly looking over the auction preview and speaking to him and several collectors who seemed to be hanging out behind his table. I won't speak for Bill but it has been my experience that he does not bring a great deal to sell at the shows. Greg |
For clarification, I am not a Truther nor a Birther.
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I think there are valid reasons that Bill may have items from his last auction for sale at The National. I know of a couple guys who were making the rounds recently bidding on items and never having any intention to pay for them. I can't comment specifically about the t205s, but it does happen. I'm not defending anyone, cause I really don't know what the truth is, all I'm saying is that there seems to be an overwhelming positive response from buyers and sellers from his auctions and I will give him the benefit of the doubt till proven otherwise.
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bigfish- come on with it! I'm bored.
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There is an innocent explanation for everything. Here, this PSA 8 1965 Ernie Banks went for 5x that day (723, typically sells around 150 on a good day) due to two bidders not having the patience to wait for the next one to come along or to find another of the 10 then available. Or maybe it was the flowery description.
http://goodwinandco.com/LotDetail.aspx?lotid=2375 |
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I don't know about the entire set, but I bought eight or nine key T205's from Goodwin at the Cleveland National. I was surprised to see they were the same examples previously sold in the July 2009 auction. They were good deals, upgrades for my set and I paid full asking price. |
I'm just glad to see all the posts by Barry. I saw the "RIP" next to his name earlier in the thread and became concerned. :)
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As far as results, sometimes I do ok, but more often than not, the cards I sell go for less than the average on VCP. That's jsut the nature of the hobby. Unlike some other auction houses, Goodwin has always paid me on time, and I do trust Goodwin to be an honest auction house. |
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I was the consignor for the E300 Plow Cobb on 5/8/09 and I was paid for this card a few weeks after the auction. I also did not ask anyone to shill the auction on my behalf if that is what you are suggesting. In that auction, I consigned four cards, and had good results on the E300, but took losses on the other cards. Overall, I did a little worse than breaking even on the four. |
Wes, as we've discussed -- repeatedly -- I have never felt you were involved in shill bidding. Shill bidding is not always done by the consignors. (Ask Doug Allen about this)
And I respect your feelings about Goodwin; most consignors are happy with him and if I were you, considering the history of the sales of that Plows Cobb, I'd have been happy as well. |
The long hoped-for bullet had entered his brain .... he had won the victory over himself -- he loved Bill Goodwin.
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Goodwin Thread
Since we are "once again" on the topic of the Plow's Candy card...not that it is anyone's business...I just happened to be the under bidder on the card. I bid several times AFTER the $14+K number it received in Mastro and before the auction commenced I had already decided I would pay up to $20K. I did not place any ceiling bids on this one and went after it bid by bid. Why would I want to pay so much in a a down economy? I am beginning to realize that very rare and desirable cards get extravagant numbers in ALL auctions. I have paid excessive premiums for cards in the past few years, and I am sure will have the last laugh, especially when the economy turns around. There are certain cards that will ALWAYS get the numbers.
Regarding the T205's at Goodwin's table, like Greg, I don't know much about them but have been hearing multiple horror stories from the major auctuion houses with reference to non-paying bidders. In fact, I am sure we have all read the Mile High write-up regarding the Bresich Williams SGC 60 Cy Young and why it is being offered again. Brian D. is a great guy and I have to give him the benefit of the doubt on the E107 Young. I think this situation is growing incresingly alarming because NO auction houses seem to be taking legal action against non-paying bidders, most likely due to the bad press it could generate. Until that happens, bidders will continue to take advatantage of an auction house and, at will, make impromptu decisions not to pay. This is an issue that will eventually need to be dealt with by EVERY auction house or else they will continue to have to pay their consigners (if they choose that route) and "eat" their respective unpaid lots. Thoughts? Joe T. |
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REA is really dodging bullets. One non-paying bidder in an auction with that many lots, and other auction houses are getting stood up multiple times in auctions with one-third the number of lots. |
Goodwin Thread
And I guess we all need to take REA's comments about non-paying bidder counts as gospel....give me a break!
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Other than one non-paying bidder in my last auction, I have had every lot paid for for years, comprising perhaps 8-10 consecutive auctions. I never even thought of that as an issue. As such, I am extremely skeptical of auctions that claim a large number of renegers.
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And I guess we all need to take
Edited to add: Someone — one of the whales, I think — downloaded a virus to my computer and disabled my sarcasm font. |
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Wow, Goodwin must have "sold" that T205 lot during his July auction and then minutes later the "winner" told him that he would refuse to pay, thus permitting Goodwin to pack up the set and take it to the National just days later and sell it card by card. Yeah, that's the ticket.
So Barry and REA have all their winners pay but poor Bill has renegger after renegger. Just his poor, dumb luck. Good thing his luck rebounds when he sells PSA 8 commons for 2-3x what they have sold for the dozens of times before and after his auctions. |
1956 Topps Luis Aparicio PSA 8: 42 sales over the past three years...highest 'sale' was $822 by Goodwin right after the economy tanked last November. Of the 41 other sales, only twice did the card break $500, once at $515 and once at $565.
1965 Topps Harmon Killebrew, PSA 8: 64 sales over the past three years, Goodwin sold the card twice -- and had the top two "realized" prices. |
The innocent explanations are obvious ... I just don't know what they are.
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If Bill had cards out for direct sale that were in previous auctions who was told by Bill that the reason he has them at his table were due to bidders not paying?
I met a few collectors at the National at his table who had their own material for sale at his table. |
A little perspective, please, or as William Shatner might say
GET A LIFE, will you people? I mean, for crying out loud, it's just a hobby! I mean, look at you, look at the way you're acting! You've turned an enjoyable little collection, that normal people do as a lark, into a COLOSSAL WASTE OF TIME! I mean, how old are you people? What have you done with yourselves? You, with the toughest want list, you must be almost 60... when was the last time you kissed a girl? I didn't think so! So... venture out of your apartments and GROW THE HELL UP! I mean, it's just baseball cards, damnit, IT'S JUST BASEBALL CARDS!
J/K; much love to everyone on this Rosh Hashana (even you goyim; you know, the ones who eat mayonnaise). |
Happy holidays Adam. Now that was funny!
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Almost as funny as this
1962 Topps AL & NL Homer Kings #401:
7/14/09 eBay $247.83 3/19/09 eBay $143.62 3/1/09 eBay $224.50 2/6/09 eBay $190.61 1/20/09 eBay $271.88 11/25/08 eBay $235.99 11/14/08 Goodwin $282.00 9/18/08 eBay $214.38 9/2/08 eBay $214.83 3/11/08 eBay $153.78 3/6/08 Goodwin $192.00 1/17/08 eBay $321.11 12/3/07 eBay $133.81 11/30/07Goodwin $5,011.00 11/29/07 eBay $168.59 6/16/07 eBay $142.29 6/14/07 eBay $83.11 3/14/07 eBay $143.61 3/7/07 eBay $154.05 3/2/07 eBay $355.00 1/17/07 eBay $134.49 10/29/06 eBay $189.50 Such a difficult card to find! ONE day before Goodwin "sold" the card for over 5K it sold on ebay for $168; THREE days later on ebay it sold for $133!!! |
Adam,
Well said. It appears a few members are on a witch hunt. Not sure why the axe is grinding but I guess they have their reasons.
Red Sox won tonight! |
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Corey- in all fairness to Adam, he was parodying a sketch from SNL that William Shatner hosted quite a few years ago.
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Corey
That's why Adam posted that J/K (Just Kidding) at the end of that post. Barry nailed it; it was dripping with sarcasm about everything.
And thus; that will probably be Adam's last attempt at humour :D |
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By the way, Doug Allen just walked past my computer screen, saw the 62 HR leaders auction results, and blushed. |
Jeff,
Do you bid in Goodwin's auctions? If it is your belief that certain auction houses are ripping you off (your words) then I am curious what motivates you to bid with them. |
Greg, I've answered that question 38 times since I started criticizing Mastro a few years back and nothing I've said exculpates these auction houses.
Now here's one for you: do you think the auction results posted above are fishy? 5K for a card that sells for $200 bucks the other 20 times it sells? How about the inordinate amount of purported reneggers? And the personal guarantees he offers certain consignors? Any of that disturb you (assuming you were a bidder and not a consignor)? |
As stated previously, we don't know enough to say anything definitely, but I am certainly concerned by the anecdotal evidence I have seen, heard and that has been presented here. Taking Leon's comments about friends shill bidding on behalf of consignors and then simply not paying if they win and also considering certain houses don't have that issue, I wonder if the issue here is that certain houses don't chase after non-paying bidders and perhaps have earned reputations. If someone knows that they will be pursued by a house if they win and don't pay then it's unlikely they'd take the risk of shill bidding; alternatively if someone knows a certain house doesn't care if they don't pay, then that may encourage shill bidding.
I wonder what steps Goodwin and other houses take to cut down on the rash of non-paying bidders that effect them as compared to say, REA, which doesn't have an issue. Does Goodwin pursue legal action? Do they even block that bidders address/phone number from bidding in future auctions? While enabling bad bidders certainly seems less direct then an auctioneer himself shilling up the auction, I likewise find it objectionable as it is akin to putting the loaded gun in hand and pointing it in the right direction. |
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You are a lawyer, a defense lawyer of all things. Imagine if your clients were tried and convicted on the quality of the evidence you have on Goodwin and even Mastro. Have you seen bidder records for either of these firms? You are nothing more than a messenger of information and have no first hand information or experiences that I am aware of. Sorry but you are a bully sometimes and you come off as a guy with a personal vendetta and your campaign does get lost on me as a result. But I will answer your questions, unlike you who will not address mine from above or the one I posed regarding the E300 Cobb which you conveniently skirted around. At face value, without looking at the circumstances, the 5K bid is odd. It is so odd that I feel there is something we are missing. And because I do not have all the facts I prefer not to condemn Bill. Next, who are these people who are claiming that Bill has stated he has had an inordinate number of reneggers? Same question on the issue of these personal guarantees he is offering, which sounds more like a hidden reserve than anything else? And finally, actually Jeff, no it is not that disturbing to me because of the other issues which in my opinion, make shill bidding look like an act of kindness. I am more concerned with how many butchered cards SGC and PSA have, knowingly or unknowingly, graded. That has always been my number one concern in this hobby which has only gotten worse over time. I am also concerned about owners of grading companies still actively selling cards. Grading improprieties trump all Jeff. In the case of shill bidding, while unlawful, the worst thing is that I pay the maximum I am willing to pay for an item. I like to have all of the facts before I draw a conclusion. I don't think you or any of us have all of the facts to draw a conclusion one way or another. |
Greg, this isn't a criminal courtroom and the standard is not beyond a reasonable doubt.
Guarantees are now called hidden reserves? I didn't realize that was appropriate when there is no mention of it anywhere in Goodwin's rules of auction. And are you a consignor in Goodwin auctions? I'm not. I've got no hidden agenda unlike many people posting on this thread. And if I recall, you trash Mastro as well -- let me guess: you haven't consigned there in some time? Woops, I didn't want to forget this oddity: http://www.goodwinandco.com/LotDetail.aspx?lotid=3293 |
Goodwin Thread
Matt and Greg...well said! Of all the inflamatory remarks this seemingly worthless thread is generating, yours just might make the most sense. I really don't think non-paying bidders are isloated to Goodwin, Mile High or any other auction house. To reiterate my previous meassage, I do believe it is widespread because an auction house just might fear any potential negative publicity. To answer one of your questions regarding Goodwin, I do specifically know TWO people that were banned from bidding from the auction because they didn't pay for their winning bids. Are there more...your guess is as good as mine? Also, Greg's comments on "card doctoring" are, by far, the most concerning issue in this hobby. Not only are people gettig "ripped off", but excessive auction prices are realized because a professional restorer can work miracles with cards, turning mid-grade examples into 7's or 8's. THis is where the real fraud exists!
By the way Matt...you might want to know that your Williard's Chocolate Premium was MY consignment which I previously paid almost $5K for approx. one year ago...I essentially took a beating with your winning bid! No hard feelings, and I wish you lots of luck with your new purchase. It is an awesome piece, and I agree that down the road you will realize a great ROI with it. Additionally, I consigned a Duke Delehanty that I paid almost $15K for and only went for a hammer price of $11K in change...another beating that shocked me! You should also know (Jeff, this one's for you!) I informed Goodwin that I hoped for "at least" $5K on the Ruth & $15K on the Delehanty. I surely wish Jeff's inflated auction figures worked there magic with my two consignments because I lost $6K! Both were not shilled, inflated or as "Big Fish" says "toppled", regardless of my expectations. Unfortunately, this is the nature of the beast, the risk we all take with consignments. Jeff, you only seem to lay out the excessive high end results. Believe me, I have spoken to many people that were NOT happy with their Goodwin numbers. Every collector has experienced "pLus/delta" scenarios in their auction experiences. In closing, I have had both good and bad days with Goodwin, REA, Heritage, etc. with this Goodwin auction not one of my best. However I will continue giving Goodwin, REA and Heritage lots because they treat me fairly, pay on time, and handle my cards with the utmost professionalism. I would like to point out that there is one specific thing I prefer about Goodwin...he virtually NEVER puts more than one of the same card in his auction. For example, Heritage currently has three 1956 Mantle's on two consecutive pages including an SGC 96, 92 and PSA 8! That is absolutely ridiculous. The consigners must be livid (I know I would be). REA also does that much too often, spreading the wealth between too many cards, but unfortunately with only one auction a year I do understand it is almost impossible not to have duplicates. Regards, Joe T. |
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Again, I am not speaking for Goodwin so stop twisting my words. I said it sounds like a hidden reserve and if it is, I have no idea what the law says about that kind of practice and was not speaking about if it was appropriate or not. I do trash Mastro but compared to you I look like one of their supporters. Big difference between us in that way Jeff. I prefer not to be lumped in with you in that way. Thanks for answering my questions. Your silence says it all. |
So you're a consignor to Goodwin and not Mastro? No wonder you support one and not the other when both had crazy auction results. Greg, the truth will set you free.
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Is anyone going to post pickups from the Goodwin auction? Wasn't that the purpose of this thread? Show them!
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