Hake's Auction

[Exhibitman]

Phil is right; I've noted that trend too on some items. IMO, a source of it is that with 10% incremental bidding plus a BP you can play "king of the mountain" at certain price points that you think may be sticking points for other bidders. I know I will sometimes calculate the closest bid to my maximum price on an item and then occupy that price level early in the auction with my max bid. That way I need not worry about making that last incremental bid because I know that the bid that tops me is going to put the item well outside my price range were I to make a responsive bid [a 10% increment plus 15% BP is an 11.5% price raise. To top that I'd have to be willing to pay nearly 25% over my top bid, and it is rare that I would be willing to do that]. If two bidders apply a similar strategy, prices can rise very fast.

And yes, I do need to get out more...

[bcbgcbrcb]

Exactly, Jeff. Not sure if it's a good thing or a bad thing for me when the necessity of staying up all night on the final day of an auction is eliminated by day three of a three week auction...............

[paul]

Anyone know who Richard Merkin is?

[calvindog]

He's the guy who consigned a bunch of stuff to Hake's auction.

[Kenny Cole]

He was an artist and is one of the guys pictured on the Beatles' Sgt. Pepper's Lonely Hearts Club Band Album cover. In addition to sports memorabilia, he evidently had quite the vintage porn collection. He died a couple of years ago.

[btcarfagno]

Originally Posted by Kenny Cole

In addition to sports memorabilia, he evidently had quite the vintage porn collection.

Sounds like my kind of guy...

Tom C

[paul]

Thanks. He sure put together a nice collection. Of cards, that is.

[Bicem]

Originally Posted by paul

Anyone know who Richard Merkin is?

Long time collector and eccentric artist who died in 2009.