T206 Wagner reoffered???

[Griffins]

I think a lot of us have woken up the next morning after an auction and realized we should've bid more, or just missed the end of the auction. I know I've done both.
A few years ago a friend was the underbidder on a big dollar card in a high profile auction, and was offered it by the auction house for his top bid a week later. As the story goes the high bidder reneged, but the auction house went after the high bidder and recovered the difference between my friends bid and the high bidders.

[bobbyw8469]

Originally Posted by Griffins

I think a lot of us have woken up the next morning after an auction and realized we should've bid more, or just missed the end of the auction. I know I've done both.
A few years ago a friend was the underbidder on a big dollar card in a high profile auction, and was offered it by the auction house for his top bid a week later. As the story goes the high bidder reneged, but the auction house went after the high bidder and recovered the difference between my friends bid and the high bidders.

That would leave a salty taste in my mouth. Technically, he was bidding against a ghost. It should have been offered for one bid above the last legitimate bidder.

[botn]

Opportunity or not, 2nd chance offers from an auction house the next morning would leave me uneasy, at the very least. Also it is unclear if he was being offered the card for his high bid or for more than the card had sold. The whole thing is odd.

Neshek also refers to the card being a 1. The example in ML earlier this year that sold for 600K was graded a 2 however it should have been a 1 but that is consistent with PSA's inclination to seriously over grade or look the other way on a T206 Wagner.

[MattyC]

Originally Posted by botn

Opportunity or not, 2nd chance offers from an auction house the next morning would leave me uneasy, at the very least.

100% agree. Smells like the house or owner was trying to push it up, and was left holding the card.

[x2drich2000]

Originally Posted by Griffins

I think a lot of us have woken up the next morning after an auction and realized we should've bid more, or just missed the end of the auction. I know I've done both.
A few years ago a friend was the underbidder on a big dollar card in a high profile auction, and was offered it by the auction house for his top bid a week later. As the story goes the high bidder reneged, but the auction house went after the high bidder and recovered the difference between my friends bid and the high bidders.

Exactly my thoughts as well. I know I've both regretted not bidding more during an auction and have been offered (and I accepted) a card at my top bid from the auction house about a week after the auction ended, and this wasn't really a high dollar card for this particular auction house.

I could also see the winning bidder immediately trying to flip the card. If Neshek had accepted the offer (whatever it was), the winning bidder would have made several thousand without ever having to actual pay for or take possession of the card.

I don't believe The Own It Now is offered continuously. I believe it is more of a set sale period. I know I've gotten catalogs for these sales and I believe they also start on a specific day and end on a specific day (if the card doesn't sell). My guess this was more of a 1 off with the auction house just acting as a broker for a private sale for the winning bidder.

DJ

[puckpaul]

Who pays that for that card and wants to flip it the next day? Makes you question the authenticity of that bid. Keep that in mind on Memory Lane.