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#1
08-17-2015, 01:13 PM
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Bob, you can also make an argument the other way where lots went much higher than Ebay as well. Ebay does really good with items 500.00 or less IMO, and the AHs do much better with higher end items! Why? Because all the serious collectors who know rarity and value subscribe and participate in most of the big auction companies. Ebay attracts the serious collectors but nit to where we search it daily for deals and cards. The high end cards which go through an AH will be infront of all the serious collectors who have the means to buy. Ebay and AHs appeal to different types of collectors and knowledge. Look at how some reprints sell from other post in Ebay. That would never fly throug an AH.
I don't put too much stock in the timing of Leon's collection being sold. The catalog was out there in plenty of time for people to budget. Plus, there were not alot of duplicates to where it would keep the price down other than like the Ferguson Bakery cards (congrats to Bill and other owner). The format was. Ery fair IMO too! The auction did not extend into the wee hours of the night. There were many great percieved great values like the Pinkerton Cobb comes to mind. Plus, there were some strong prices which will adjust price guides next year like the Tarzan bread cards and the Cobb Shapiro card. I think many people will look back at this auction and say I wish I had gone a little bit stronger on this lot. Plus, Im sure the "make a offer" part of Heritage will get tons of use for the next decade because of this auction. I think Leon said in a post earlier that some items were almost to rare for its own good! I totally agree with that and when a description reads _____ known to exsist, than you might want to jump in that one. Rather than worrying about what a population report isfor the grade of a card. 
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#3
08-17-2015, 01:49 PM
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Quote:
Saying all of that, I still think that I hit my max budget+ for my winnings in this auction, and my bank account is thanking my for not going in more. Also, I think most of the lots that I was bidding on did extremely well with many going for far more than I thought they would, so I would guess Leon is probably fairly satisfied with how the auction went.
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#4
08-17-2015, 02:00 PM
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One card I thought would go a bit higher was the D304 Cobb. I get that it wasn't too high of a grade, but I thought the Marten's back would made up for the light creasing. Looking at other prices realized I guess grade means a bit more than back with that particular issue.
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#5
08-17-2015, 03:17 PM
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JC - Good points, don't disagree.
Gary - What you're saying kind of goes along with what I was maybe thinking that there was just so much all at once, and that that may have a downward impact on many bids. The fact that many of these items were so rare/unique does kind of dovetail in with the notion that because of all the other auctions and the National all just having taken place in the couple weeks prior to Leon's auction, bidders may have already spent quite a bit more than expected. And because of that, they may not have gone as high as they would have otherwise for these various rare/unique items. Or they may have decided to just focus on a few lots instead of bidding on many more, which would also tend to have an overall dampening effect on the final prices realized overall. I think it is simple human nature that had there not been other major auctions say for a month or two leading up to Leon's auction, there would have been a lot more activity and stronger prices on at least some of these rare/unique items. Just my opinion. All in all, Leon did very well from where I'm sitting and has to be happy. It will be interesting to see if any items come back into the market within say the next year, and how they do. Only time will tell...........
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#6
08-17-2015, 04:55 PM
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I know that what I spent at the National definitely had an effect on what lots I bid on in Heritage's auction of Leon's collection, limiting me to just the 1929 Leader Novelty Mel Ott. Thus, I think timing was indeed a factor.
Regards, Larry
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