Quote:
Originally Posted by Rhotchkiss
To tie the two themes together - The Luke Skywalker sold for 12x less than the consignor/owner of the BN Ruth LOST…. Yikes!
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Following up on the question above, why are we so certain that the consignor actually realized that loss? You deal in rarified air and I don't, so I simply don't know. Are auctions for cards this big arm's-length transactions the same way that bids for smaller lots are, or is it a tight circle where the parties could have some kind of arrangement where the consignor takes less of a hit?
I'm just wondering about cards owned by platforms like cllct, where ownership is fractional and shrouded in secrecy. It seems like it would be easy for a proxy to step in and bid on the Ruth if it looked like the hammer price was too low. Would Heritage have any way of knowing? Would they even care?