Group purchases in REA, Mastro

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Posted By: Bob

Matt- You are absolutely right. I have spearheaded 3 winning "group" lots of caramel cards and one losing effort and I can tell you that with the exception of one lot, all included bidders who would not have chased the lot themselves, they only wanted a card or two or three. The auction houses benefited as did the consignor. Now on one lot we won, one of the bidders was planning on going after the whole lot regardless so we included him and everyone was happy from our end. Hypothetically the lot might have gone for more if the rest of us were bidding against him, but generally the "group" efforts (or Net54 cabalists as we call each other) were able to secure cards we wouldn't have otherwise been able to get and the consignor and auction house benefited from our efforts, I believe.