Quote:
Originally Posted by mrreality68
THIS IS A Close Race to Sky is the Limit
Wagner is at $1.2 million (with BIP) and Ruth is at $1.5 million (With BIP) in the first few hours of the auction.
Who will win this Race
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For both of these cards, unless the card sells, as I interpret Heritage's terms and conditions one will not know which if any of the bids were "real" bids or house bids. This is because until the item reaches its reserve price the AH can place house bids. This practice is hardly confined to Heritage (
e.g., Sothebys and Christies do the same thing, as do other prominent AHs that specialize in sport cards and memorabilia).
I suspect the Wagner will sell, and if it does unless the consignor was the purchaser, an expensive proposition since to do so requires payment of the full BP
and SP, the sale will provide useful information as to the market value of Wagners. But for the Ruth, if it doesn't sell, and I am skeptical it will, I don't see how on its face the auction will provide any information as to the market value of M101-4/5 Ruths.