Jumbo Wags back up for sale...the history of the card.

[botn]

Looks like it did well but fell well short of where Goldin estimated.

[ullmandds]

Originally Posted by botn

Looks like it did well but fell well short of where Goldin estimated.

as it usually does

[Stonepony]

Originally Posted by ullmandds

as it usually does

Are you going to follow that jab with a hook?

[botn]

Originally Posted by ullmandds

as it usually does

Agreed. It did remarkably well but the projections of 4 to 5 million were laughable and not to be taken seriously.

[Touch'EmAll]

As it usually does. Hmm, Ok, just curious - the last couple times this or the Gretzky copy went up for sale - what were estimates vs. what they closed?

[steve B]

Originally Posted by 100backstroke

As it usually does. Hmm, Ok, just curious - the last couple times this or the Gretzky copy went up for sale - what were estimates vs. what they closed?

I believe the point wasn't the record of estimates vs final price for those two cards, but rather a commentary on auction houses and their estimates.

Some traditionally try to estimate conservatively, thus being able to both promote how well some items have done against the estimate and set a reasonable expectation with a consignor. Others estimate higher, perhaps to get the consignment initially, and/or to encourage higher bids.

Either can work, unless it's overdone. Estimate too low, and they might miss out on better consignments hurting the business in the long run. Estimate far too high consistently and the same will happen as the business gets a reputation for underperforming. It's a constant balancing act, and probably quite challenging.

Steve B

[e107collector]

Who the heck spent $315,000 on the LeBron James card!!! Unbelievable!!

Tony

[FourStrikes]

Originally Posted by e107collector

Who the heck spent $315,000 on the LeBron James card!!! Unbelievable!!

Tony

exactly.

and the Wagner is gorgeous, albeit WAAAAAY outta my price range. minus the notoriety of the "trimmed" Wags,
this one is by far a superior - and untainted - example, IMO.