In the old days, auctioneers often used to do it this way ("Nrmt Becket $120"), When the cards were grade Nrmt-Mt or Mt, the listed book price (Nrmt $100) was below the value of the card. The book quote was meant as a quick and dirty reference for bidders. As the practice was so prevalent at the time and most bidders subscribed to Beckett and knew the equations of Ex = 50% Nrmt, Vg =30% Nrmt etc, most bidders understood the meaning of the quote. In fact, the auctioneer often explained the financial meaning of the quote.
As I've seen this practice before, it doesn't bother me personally and I do not believe it is intended to be deceptive. If someone says an auction doing this should have a blurb somewhere explaining the Nrmt book quoting and what it means visa vie value, I would agree with that.
Last edited by drc; 10-13-2009 at 11:12 PM.
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