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Net54baseball.com Forums - Robert Edwards Auction
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calvindog 05-09-2010 10:46 AM
Quote:
Originally Posted by Peter_Spaeth (Post 806344)
If items are not paid for, should auction houses disclose that so that a misleading impression is not created as to prices? For better or worse many of us rely on reported sales as a guide to market value.
Of course. And of course the auction houses with the plethora of cards allegedly not sold never provide this information -- except when they end up in the house's next auction or on ebay a few days later. Or at the National a week later.

DJR 05-09-2010 11:01 AM
.

calvindog 05-09-2010 11:14 AM
The main reason why auction houses would not publicize the fact that certain lots didn't sell despite appearing as sold is because they'd have to reveal hidden (illegal) reserves. It's a shame there's no Net 54 dinner at the National this year because, presuming Doug Allen's bellyache cleared up, he could shed some light on the topic of hidden reserves and how they affect the market.

benjulmag 05-09-2010 11:35 AM
Quote:
Originally Posted by calvindog (Post 806354)
The main reason why auction houses would not publicize the fact that certain lots didn't sell despite appearing as sold is because they'd have to reveal hidden (illegal) reserves. It's a shame there's no Net 54 dinner at the National this year because, presuming Doug Allen's bellyache cleared up, he could shed some light on the topic of hidden reserves and how they affect the market.
A letter not reaching its reserve at $310,500 and a ball not reaching it at $498,800?

Topsy Hartsel 05-09-2010 12:40 PM
T208 Topsy Hartsel
 
2 Attachment(s)
This was one of those cards that I figured would be well out of reach for my collection. The grade wasn't the best but it is a great looking card. Best of all it is a Topsy Hartsel. Now if I could only find an E125 of Topsy.
Attachment 18418Attachment 18419

Leon 05-09-2010 06:30 PM
how can this be?
 
Quote:
Originally Posted by benjulmag (Post 806367)
A letter not reaching its reserve at $310,500 and a ball not reaching it at $498,800?
I don't understand. The auction site says it sold?



Reserve $10,000. Estimate $20,000/$40,000. SOLD FOR $310,500.00


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