Heritage Live Auction -- Black Swamp debacle

E93 · #1 08-03-2012, 08:47 AM

I think they did it the right way. It was honest. For what it is worth, the three lots sold for about a half a million. The Wagner was $238k with juice, the set was over $280k with juice, and the other lot went for over 40k with juice. Those numbers were about what I expected given what is lined up behind them. Still impressive! The other factor is Heritage got a ton of press due to the enormity of the find which would not have happened if they slowly leaked them. It is hard to know how that will impact all this in the short and long term. The bottom line in my book is that it was the honest way to do it.
JimB

calvindog · #2 08-03-2012, 09:46 AM

Quote:

Originally Posted by E93

I think they did it the right way. It was honest. For what it is worth, the three lots sold for about a half a million. The Wagner was $238k with juice, the set was over $280k with juice, and the other lot went for over 40k with juice. Those numbers were about what I expected given what is lined up behind them. Still impressive! The other factor is Heritage got a ton of press due to the enormity of the find which would not have happened if they slowly leaked them. It is hard to know how that will impact all this in the short and long term. The bottom line in my book is that it was the honest way to do it.
JimB

Easy for you to say -- you weren't told the cards would fetch $3 million. And it wouldn't have been dishonest to sell them slower without getting them all graded at once -- unless a material misrepresentation was made.

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