T206 Jumbo Wagner estimated price poll

oldjudge · #1 01-07-2013, 04:31 PM

Leon-the following is just a guess on my part and no more. My guess is that the only reason a consignors would consign a card like this to Ken, rather than to one of the major auction houses, like REA or Heritage, is that Ken guaranteed the consignor a minimum realization for the card ( or the card would not be sold). If that is the case then waiting till the last minute to decide whether to institute a reserve is just seeing if this unstated reserve has been met, thereby eliminating he need for a stated reserve. Whether stated or not, it is hard for me to believe that this lot does not have a reserve.

Leon · #2 01-07-2013, 04:40 PM

Quote:

Originally Posted by oldjudge

Leon-the following is just a guess on my part and no more. My guess is that the only reason a consignors would consign a card like this to Ken, rather than to one of the major auction houses, like REA or Heritage, is that Ken guaranteed the consignor a minimum realization for the card ( or the card would not be sold). If that is the case then waiting till the last minute to decide whether to institute a reserve is just seeing if this unstated reserve has been met, thereby eliminating he need for a stated reserve. Whether stated or not, it is hard for me to believe that this lot does not have a reserve.

Jay- Ken and I just now spoke AGAIN. If there will be a reserve it will be made known on day 1, always. He told me he will never put a reserve on a card after an auction starts, if it didn't already have one when the auction starts. Right this minute, in my mind, I am leaning toward it not having a reserve, but my percentage chance is not lopsided so it could change. I think between now and the day of the auction opening Ken will speak with enough potential buyers that he will feel comfortable letting it run without one. That is no guarantee though.....

and, since Ken told me specifically that I could cut, paste and post this if I want to, I will....here is a statement he made to me today.

Ken Goldin
Under no circumstances will an auction item start off day 1 with no reserve and then have a reserve placed on it in the middle of the auction.

.
.

wonkaticket · #3 01-07-2013, 11:44 PM

This is a really fresh sale the new owner of this card hasn�t had it all that long. Now it�s up for grabs with a non-major auction house no offense to Ken. I think there will be a reserve and this is a test of the waters for the new owner and great publicity for Ken and his auction house.

View Poll Results: The PSA 5 MC Jumbo Wagner will bring _____ in auction.
Won't hit a reserve though it has not been decided if there will be one or not.	17	14.66%
1.5 million dollars or less	15	12.93%
1.6 million to 2.0 million	36	31.03%
2.1 million to 2.5 million	26	22.41%
2.6 million to 3.0 million	10	8.62%
3.1 million to 3.5 million	10	8.62%
3.6 million or more	2	1.72%
Voters: 116. You may not vote on this poll

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