So in Dec 2023 the card sold for $7.2 million or more (if the buyer did not have a reseller certificate taxes could have brought that total to as high as $8 million. Yesterday the card sold for $4 million and the seller probably realized something less. That indicates that the seller probably lost somewhere between $3 million and $4 million. Ouch!
One has to wonder if the REA hammer price was primarily the result of two determined bidders and with one gone the third high bidder was no where's close. I also continue to wonder why HA's estimate was less than what the lot realized in REA. I have always thought that their estimates were on the aggressive side so this one really stood out to me.
Congratulations to the buyer--I think you got a great deal.
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