Posted By:
Misunderestimated (Brian H.)Seems like a rather "chippy" thread...
They are really beautiful cards and the auctions (and the priceing strategies) are fun to follow in a Forbes' magazine way. I'm happy to be aware of them and they are rather interesting
I agree with whomever it was (Adam?) about the no outing auctions code in general but I think it doesn't matter here for a number of reasons. I sm sure that Jim had no intent to do anything improper too.
As for "market defining" I think that may need some qualifying. From what I know about the upper echelon of the Registry and from the posts from those who seem to be in the know it these auctions basically tell us what a few guys might be willing to pay for the highest PSA graded T206 commons if they need them right now. That defines a very small part of the top of the market. Certainly an interesting part of the market but unlikely to have that much impact on the larger market for T206s unless the population of bidders is much greater than the posts above suggest. As a spectator it would be more interesting if the auctions started much lower (move the decimel place over for starters0. But if I were the seller/consignor that would be too risky for me.