Quote:
Originally Posted by Leon
I especially like the analysis of the dealers. It was also interesting how Irv Lerner shilled his own items (to bid them up to others) and ended up winning them back, as it backfired on him.
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Haha! I hadn't even noticed that, as I just skimmed that part. It just goes to show you that some things haven't changed, including shilling, though now it's more complex and harder to detect (but still possible to detect, as we've seen). Lerner seems to have been a pretty big deal in the hobby in those days -- in the article on the West Coast convention it says that they made an effort to get everyone to contribute to the discussion on dealers, because the year before Irv Lerner had dominated the conversation.
I also note that there was a 10% buyer's premium on that auction, which seems to have been standard -- that was also what Charles Bray charged for his Card Collector's Bulletin auctions.