For some reason I think I recall that "estimated values" can reflect the amounts the consignor and auction house agreed to for insurance purposes. Thus, its not always a true estimate.
Regardless, estimates are almost always wrong. I dont understand why AHs put them. When the estimates are higher than the final price, it looks like the AH sucks. When the estimates are lower, it looks like the AH cant value the cards.
And I agree, the overall value of cards are down from a few years ago, in some cases substantially. Still, today's values far exceed pre-Covid.
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