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#1
08-03-2012, 05:32 AM
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Heritage Live Auction -- Black Swamp debacle
Estimated to go for $1 million -- it went for about 240K instead. Perhaps if Heritage hadn't had the entire find graded at once, thereby increasing the population of E98s exponentially and lowering the value of all the E98s, it might have gotten to $1 million. Instead, all big bidders apparently felt they could buy high graded E98s at another time. And now the remainder of the Black Swamp find is hugely devalued and a $3 million+ haul is an impossibility.
Well, at least Heritage received a huge amount of international and national publicity and that surely triggered dozens of cold calls and new finds. And this helped the consigners of the Black Swamp find how?
__________________
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