Posted By:
bruce Dorskind
Whilst there were a plethora of interesting cards in the auction, there were very few
truly rare cards, and the vast majority of the cards offered were in low to middle grades.
In addition to the previous observation regarding the number of cards that did not receive
a single bid or sold at the Opening Bid, we note that only 15 lots were able to double their opening
bid.
In the other auctions we track (REA, Mastro, Mile High, Memory Lane and Goodwin) about 90% of the
final bids are double the opening bid. We have not undertaken the calculation for the Sloate
Auctions, but a quick look indicates that more than 65% of the lots in the last two auctions
doubled the opening bid.
The strategy of opening bids at close to market value appears to discourage a number of collectors
from bidding.
Prices on the few ultra high grade cards that were auctioned were low. We were surprised to see that
a PSA 7 Fatima 200 sold for 75% of the price of a PSA6 of the same card- and less than half the price
of any of the three PSA 7 T 200 sales that had taken place previously.
We attribute the relative quiet bidding in this auction to
(1) The Economic Crisis
(2) High Opening Bid Strategy
(3) Lack of many "star" cards which attract attention and publicity.
Your thoughts?
Bruce Dorskind
America's Toughest Want List