Memory Lane Thoughts and Pickups

[Rhotchkiss]

Originally Posted by ajjohnsonsoxfan

Wonder if you would have got everything out in the first auction if you would have done better overall with the market softening. Was that an option?

Congrats Jeff and Gary -- great pickups.

AJ -- its a good question. I am not sure, but likely. It was my decision to break the consignment into 3 auctions, and I made that decision because a solid chink of my consignment was back runs (T206 - Tinker, Evers, Speaker; M101 Thorpe; D304 Cobb; E92 Wagner batting, throwing, and Cobb) or subsets -- T206 Brown Old Mills and Brown Lenox. I was afraid it would be too much of the same thing/set/player in one auction to be absorbed. Two things I did not anticipate: (i) Brady Hill flooding the market with rare back T206s, and (ii) the market getting soft. I think both of these factors impacted the later items. But again, no clue what would have happened if they all went into one auction.

Last year, including the ML auction that just ended, I sold a bunch of stuff with a weighted average hold period of 3.8 year, which yielded a blended weighted annual return of 11%. Not bad, I will take that. My private sales, which represented 33% of all sales by value yielded the best returns, followed very closely by the stuff sold in the first ML auction (52%).