Heritage Live Auction -- Black Swamp debacle

[travrosty]

these multiple wagners at very high grade were so far better than any previous ones, that it made little difference to sell them slowly, or fast, because anyone who wants one, now knows they exist in these quantity, and they can't get any anywhere else, but they know the seller is going to sell, so they will just wait for the next auction and pick up a 9, or the next auction, next, etc.

so flooding the market all at once, or "flooding" it slowly over a period of a year or two isn't going to make much of a difference.

since the family had the market cornered on these high grade wagners, they should have put a high price on the 10, and refuse to sell any 9's until the 10 sells first at their price, then anyone that wants a high grade wagner for that set, can't get one unless they sell for the familys price. There would be no where else to go, they had a bottleneck but they blew it. an opportunity squandered on a terrific chance to cash in on a cornered market. but heritage knows what they are doing. fail.

[Deertick]

Originally Posted by travrosty

these multiple wagners at very high grade were so far better than any previous ones, that it made little difference to sell them slowly, or fast, because anyone who wants one, now knows they exist in these quantity, and they can't get any anywhere else, but they know the seller is going to sell, so they will just wait for the next auction and pick up a 9, or the next auction, next, etc.

so flooding the market all at once, or "flooding" it slowly over a period of a year or two isn't going to make much of a difference.

since the family had the market cornered on these high grade wagners, they should have put a high price on the 10, and refuse to sell any 9's until the 10 sells first at their price, then anyone that wants a high grade wagner for that set, can't get one unless they sell for the familys price. There would be no where else to go, they had a bottleneck but they blew it. an opportunity squandered on a terrific chance to cash in on a cornered market. but heritage knows what they are doing. fail.

Travis hit it on the head. Let the best dictate the rest. Sorta like they used to do with draft picks and their bonuses and contracts. Disclosing the extent of the population was the right thing to do. I'm not sure whose decision it was to proceed in this manner, but I think it will hurt the proceeds from the entire find.

Also, Heritage never said it would bring $1M. The talking heads did. You know, hobby experts.