Thread: Goodwin Pickups
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Old 09-21-2009, 06:45 AM
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Peter Spaeth
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It seems we are dealing with three separate phenomena: (1) some auction prices seemingly out of line, (2) some cards appearing for sale shortly after they "sold" at auction; and (3) some cards appearing to be recycled through several auctions.

In any given case, of course one could construct an innocent explanation, and it might be correct. And it all could be innocent. But in my opinion there is enough there that one can legitimately raise questions without it being a so-called witchhunt.

One other observation: people are fond of arguing by extrapolation, MY card didn't do so well, therefore nothing must be going on. Or I won at less than my top all, therefore nothing must be going on. While there is a superficial appeal, and I recall the same arguments about Mastro, they don't really prove or disprove anything. IF for example, there was a pattern and practice of only selling cards if they met a hidden reserve, it is more likely an auction house would have that understanding with dealers than with collectors, because there is a far better chance of preserving secrecy. Similarly, IF an auction house was inclined to sometimes run people up to a maximum bid, it probably would only do so selectively to try to minimize detection.

The bottom line is, one can only observe the facts and try to understand them, and everyone's perception including my own is going to be colored by their personalities, experiences, and self-interest.

PS I agree with Greg that card doctoring is a more serious problem.
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