Heritage - sold now not sold? Huh?

[Leon]

Originally Posted by Jason

That sounds about right. Unless a reserve wasn't listed and not met in the sale.

They always list reserves.... someone probably didn't pay. That was a pretty hefty price for that card.
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[Rhotchkiss]

Originally Posted by Leon

They always list reserves.... someone probably didn't pay. That was a pretty hefty price for that card.
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+1 I saw that price and was like

Looks like the lucky winner decided he would burn a bridge with Heritage (likely never allowed to bid there or many others -- they all talk) to save from a substantial overpay

[byrone]

What percentage of auctions (auction houses only, not ebay) go unpaid by the highest bidders?

[CrownSports]

I can't speak to percentages but we usually have 1-2 bidders not pay per auction. Rarely is it high dollar items but usually $100+ lots.

[Aquarian Sports Cards]

we had about a dozen no pays in 2021

[Exhibitman]

Well considering that i sold a nicer one before the run-up at a fraction of that price and felt like an idiot when I saw this result, I feel less stupid now that the sale tanked. I will tell my wife so she can remind me that I'm still really, really stupid in so many ways.

[perezfan]

Perhaps Heritage bid on it themselves, in the hope it would go even higher. Just theorizing, but I bet they get stuck with a few of these each auction.