[Archive]

Posted By: Matt

Was anyone else surprised by the number of lots in the Hunt auction today that didn't sell? Looking at lots 700-820 (the prewar cards) it looks like approximately every 3rd lot didn't sell. I don't exactly understand their system, but it seems they reserve lots at something like 80% of their estimated range, and if no bid comes in above that, then they hold the lot. Aside from the "hidden reserve" some of their estimated prices seemed very high, which caused them not to sell.