[Rhotchkiss]

Put it this way, at one point I was working on a brown lenox subset. That meant I would bid heavy on any brown lenox I needed. I often bid against the seller of last night's cards, in addition to maybe a few other people. I am no longer pursuing brown lenox and I did not even know the auction ended last night. So, I am out of the market and one of my main competitors was the seller -- that is two big, historic bidders that were not bidding last night.

Add to that the facts that (I believe) PWCC is a terrible venue to sell these kind of cards and they are just absolutely flooding the market with rare backs -- creating way more supply than demand -- and it does not surprise me at all that prices were low. Indeed, I would expect nothing different under these circumstances.

Regarding Brown Lenox -- it used to be that 1-2 came to market each year. Last night they had like 8+ (if they were all actually brown - PSA is totally inept and color blind). That's just way too many at one time. I expect the black lenox is just a less dramatic example of the browns.

The real question is why would the Seller sell his rare back T206 collection this way? If it was me, I would leak cards out over a 2-3 year period so as to not flood the market, and I would not be using PWCC.