Robert Edwards Auction

[Peter_Spaeth]

If items are not paid for, should auction houses disclose that so that a misleading impression is not created as to prices? For better or worse many of us rely on reported sales as a guide to market value.

[calvindog]

Originally Posted by Peter_Spaeth

If items are not paid for, should auction houses disclose that so that a misleading impression is not created as to prices? For better or worse many of us rely on reported sales as a guide to market value.

Of course. And of course the auction houses with the plethora of cards allegedly not sold never provide this information -- except when they end up in the house's next auction or on ebay a few days later. Or at the National a week later.

[DJR]

.

[calvindog]

The main reason why auction houses would not publicize the fact that certain lots didn't sell despite appearing as sold is because they'd have to reveal hidden (illegal) reserves. It's a shame there's no Net 54 dinner at the National this year because, presuming Doug Allen's bellyache cleared up, he could shed some light on the topic of hidden reserves and how they affect the market.

[benjulmag]

Originally Posted by calvindog

The main reason why auction houses would not publicize the fact that certain lots didn't sell despite appearing as sold is because they'd have to reveal hidden (illegal) reserves. It's a shame there's no Net 54 dinner at the National this year because, presuming Doug Allen's bellyache cleared up, he could shed some light on the topic of hidden reserves and how they affect the market.

A letter not reaching its reserve at $310,500 and a ball not reaching it at $498,800?

[Leon]

Originally Posted by benjulmag

A letter not reaching its reserve at $310,500 and a ball not reaching it at $498,800?

I don't understand. The auction site says it sold?



Reserve $10,000. Estimate $20,000/$40,000. SOLD FOR $310,500.00