Thread: REA preview
View Single Post
  #19  
Old 03-06-2010, 07:33 AM
calvindog's Avatar
calvindog calvindog is offline
Jeffrey Lichtman
Member
 
Join Date: Apr 2009
Posts: 5,570
Default

Well, these rare, 4-5 figure cards often have a very small bidder pool. You remove one deep-pocketed bidder from the pool who usually gets what he wants in an auction and the floor drops out on a final price. Doug didn't stop the criticism and he cost his consignor 6K. Sounds like a lose-lose proposition to me.

Similarly, I wonder what would happen if guys like Keith Olbermann or Corey Shanus stopped bidding in Legendary auctions? How would you like to be a Legendary consignor of cards or memorabilia which these guys collect and then you learn too late that they are not involved with Legendary anymore? Probably a result very similar to what happened with that M110 Chase: an item finishes at one-third of what it should have done based on recent, prior sales.
Reply With Quote