Any Reaction to Legendary Auction Prices

[Matt]

Originally Posted by Leon

And to Matt- His email seemingly intimated there was a reserve.

To me, that's the bottom line issue that came out of Ken's post. I could care less if the Bob Gibson checks sold or not, but the revelation that Mastro/Legendary is putting double hidden reserves on lots is important.

[Leon]

Doug sent a bit of a clarification on the Legendary "reserve" situation....

this below is cut and pasted but was the entirety of 2 emails.....I hightlighted the one part below, he didn't.....



"Here are the reserves...as bids were accepted the site clearly stated if reserve was met:

1970 Gibson Cy Young - $40k reserve met.
Gibson Gold Glove - $10k reserve met
Gibson Checks - $20k reserve met
Gibson 11 Contracts - $10k reserve not met...Bob accepted bid of $5,500 after auction
Gibson 1964 World Series Ring - $30k reserve met.
Mantle Game Used Glove - $35k reserve met.

Other than a handful of coin lots there were no other lots with reserves in the auction."

Additionally we Do Not bid for the reserve. If there was no competitive bid the person would need to outbid themself in order to progress toward the reserve."

Doug

[Rob D.]

Thanks, Leon.

And thanks for continuing to serve as Net54's Annie Sullivan to Mastro/Legendary's Helen Keller.

[Leon]

Originally Posted by Rob D.

Thanks, Leon.

And thanks for continuing to serve as Net54's Annie Sullivan to Mastro/Legendary's Helen Keller.

No Problem, Rob. I've been called worse .

[Rob D.]

Well, it actually was a compliment to you.

[Anthony S.]

Originally Posted by Rob D.

Thanks, Leon.

And thanks for continuing to serve as Net54's Annie Sullivan to Mastro/Legendary's Helen Keller.

Only 10:30 am here the on left coast and my day has already been made.

[Exhibitman]

What's the line at Caesar's on whether Gibson actually gets paid?





I kid Mastro, er, Legendary.

[RichardSimon]

Originally Posted by Exhibitman

What's the line at Caesar's on whether Gibson actually gets paid?





I kid Mastro, er, Legendary.

The real question is what are the odds on Gibson being paid before turtle guy.
I would say Gibson is the prohibitive favorite as I am sure Mr Allen would not want to get plunked in the ribs when he steps up to the plate and Gibson is pitching. And my guess is that Gibson can still throw harder than turtle guy,, nothing personal turtle guy.

[CTDean]

Doug's clarification of the reserves, and the fact that the Auction House does not bid the reserve explains things very well.

[turtleguy64]

No offense taken by turtleguy.Richard,have you ever heard the story of what happened on a Vietnam tour of major league all stars back in the late stages of that war,involving Bob Gibson and Graig Nettles?

[oldjudge]

The fact that the reserve is not bid makes it a lot more palatable to me. At least that way there is no confusing the reserve with another bidder.