Posted By:
barrysloateExcellent post Bruce.
I too can say that most of the very high prices I get in my auctions are the result of two bidders. Take one out of the equation and the price realized would plummet.
But for more pedestrian meat and potatoes material the market is deep and the prices are strong but not spectacular. Sometimes they are even disappointing. Oddly, even with a deep pool of bidders a somewhat common lot will only achieve average results. So rarity is certainly a factor for an investment.