Watching Christies

[thecatspajamas]

Originally Posted by Forever Young

The estimates were worthless. The only thing I could come up with is they went off of what the consigner had in them.

This is what I was told by an attendee that the reserves were based off of, and it sounds like the ranges were then based on the reserves. So the ranges could have been indicative of one collector's buying history, but not necessarily true market value of any one piece?

[Forever Young]

Originally Posted by thecatspajamas

This is what I was told by an attendee that the reserves were based off of, and it sounds like the ranges were then based on the reserves. So the ranges could have been indicative of one collector's buying history, but not necessarily true market value of any one piece?

Correct. Not sure how the attendee knew but I agree with him/her(must be politically correct).

Anyone else want to share their winnings?!

[thecatspajamas]

Originally Posted by Forever Young

Correct. Not sure how the attendee knew but I agree with him/her(must be politically correct).

I think he got the scoop from the consignor. In retrospect, I'm not sure whether he was referring to the memorabilia or the photos (perhaps they were the same consignor?), though we were discussing the photos at the time. Mostly wondering how many lots would not reach their reserve due to the reserves being based on what he paid for them.

And I'm pretty sure he's still a he. No stereotypes being broken here today

Speaking of which (reserves, not he/she's), anyone have any ideas which lots did not meet reserve? I did not watch the auction live, so have no idea how they identified the reserve, or which if any fell short. In looking back at the prices realized, I think my own estimates on several of the photos fell a bit short of what they ultimately hammered at, but then I'm a bit on the cheap side and not accustomed to paying top dollar.