Max:
I think the postcard sold for way too much regardless of the bidding startegy, would you agree with that? I understand that early Negro League items are scarce and this one was really nice but no major players as far as I could tell and I have looked at lots of these photos from the same era.
My point with the lack of late bids was that most e-bay bidders understand that, more times than not, just about all major items on e-bay jump in price multiple times in the last few seconds. I think this auction was a either a case of mistaken player ID(s) on the part of one more or more bidders or others saw the initial bidding action which was unusually high that early in the auction and figured the postcard must be something significant and jumped in as well.
Just my opinion, maybe if the winner was a Net 54 member, they will chime in with their rationale.
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