Quote:
Originally Posted by glynparson
Exempting the unnatural pandemic market prices are almost always down a good bit in December. When I was flush with cash before I got sick I would buy tons of material In December. It’s generally a great time to pick up stuff. Less competition due to people buying stuff for family at the holidays and often some more things in the market because people are trying to generate cash to buy presents. I don’t judge the market much on what happens in December.
|
I could never understand, from the start of the catalog auction era 30 years ago, until now, why December seems to be the one month in which ALL the big AHs choose to stage one of their two or three major auctions a year, some of them within a week or two of Xmas. But these guys know their business, so there must be something going on there or they wouldn't keep doing it. Year end bonuses, dividends, stock sales to lock in capital gains losses to take against gains, tax refunds looming, etc? There must be enough cash floating around at this time to make it worth their while to compete with Christmas spending, which normally wouldn't seem to be the smartest thing to do.