Disappointed consignor

[mrreality68]

Originally Posted by Mark17

Goldin Auctions did their job - they got a record bid for a jersey. The fact the seller wanted more isn't their fault. they brought a great item to market and they got a huge bid for it.

I can imagine the conversation:
Consignor: I don't need the money and I want to keep it.
Goldin: Suppose you could get $10 million? Then would you sell?
Consignor: Well, for that kind of cash, I'd be a fool not to, I guess.
Goldin: Let's try. It can't hurt.

+1 agreed.
However doesn’t the Auction House still get some money if it did not meet the reserve. I seem to recall that some auction houses still take 20% from the seller for items with a reserve that do not hit the reserves

[Mark17]

Originally Posted by mrreality68

+1 agreed.
However doesn’t the Auction House still get some money if it did not meet the reserve. I seem to recall that some auction houses still take 20% from the seller for items with a reserve that do not hit the reserves

On a spectacular item like this, or a Wagner, I'm sure everything is negotiable. I think Goldin Auctions was paid in full from the publicity that shirt brought to their auction.

[mrreality68]

Originally Posted by Mark17

On a spectacular item like this, or a Wagner, I'm sure everything is negotiable. I think Goldin Auctions was paid in full from the publicity that shirt brought to their auction.

Very good point.

[robertsmithnocure]

Looks like Goldin sold the same jersey in 2019 for $562,500. That is a nice ROI.

https://goldinauctions.com/mobile/lo..._robinson_game

[chriskim]

Originally Posted by robertsmithnocure

Looks like Goldin sold the same jersey in 2019 for $562,500. That is a nice ROI.

https://goldinauctions.com/mobile/lo..._robinson_game

Oh.. u found it! I know this jersey was familiar but i thought it was by Lelands

[Shoeless Moe]

Originally Posted by robertsmithnocure

Looks like Goldin sold the same jersey in 2019 for $562,500. That is a nice ROI.

https://goldinauctions.com/mobile/lo..._robinson_game

Yah, that seems odd too. Person, or persons, buys it for 562K, flips it less then 3 years later, so obviously they were not buying it as a collector, for their collection, yet they were unhappy turning 562K into 8 million.

Very odd.

[Republicaninmass]

Originally Posted by Shoeless Moe

Yah, that seems odd too. Person, or persons, buys it for 562K, flips it less then 3 years later, so obviously they were not buying it as a collector, for their collection, yet they were unhappy turning 562K into 8 million.

Very odd.

It's a joke. I'm guessing we hear from the bidder that it was a "legit" bid. maybe his new buddy Drake?