Quote:
Originally Posted by darwinbulldog
Last week I was following several lots in the Hunt Auctions live auction. I placed bids on a number of items for which I had a pretty good idea of the value and was outbid on one after another which went for higher than I was expecting (and, importantly, significantly more than the lower end of their Estimated Price Range). I figured I wasn't going to win anything, but when I happened to check back in they were auctioning off one of the later lots that I had followed and put in a placeholder bid for.
It was a 1912 copy of Casey at the Bat. They had posted an estimated range of $2000-$4000, and I didn't have time at that point to look up past auction sales or others currently available so I put in a bid at the current increment and was surprised to win the auction (for a bit less than the low end of the listed estimated range, buyers' premium included).
Then I went to see if I had gotten a bargain and found several other copies of the same item currently available for less than 50% of the bid I had entered. Most of them have since been sold, perhaps after sitting on the shelf for years, so I think I may have accidentally moved the market. Anyway, there are some cheaper copies still on eBay.
My mistake for relying on their posted estimate in the heat of the live auction, but you can go ahead and stick me in a lineup with Marquard, Waddell, Kroh, and all your other favorite rubes. And if one of you was the underbidder and was relying on the same bad information I was, you're welcome.
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If there is one thing I have learned, especially over the past year, it's I've never regretted the purchases I've made, I've only regretted the ones I didn't. Is it unfortunate when you overpay? Of course. It happens though, and you really wanted this copy of Casey at the Bat! It's yours now!
What stings are the purchases you hold off on, only to see the price shoot up, or something like it never come across the page again at that price. It happened to me twice here. Couldn't justify spending the Money at the time on a Berk Ross Mantle, only for it to climb in price. To the point where it just sold on ebay for over 3K when I could've gotten it on here for close to half of that, back in June. Live and Learn. Enjoy your copy of Casey at the Bat!
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11-20-2020, 10:38 AM
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