Paragon auctions

[e107collector]

I guess I'll be the first to take a stab at the ending prices of these two gems.

$80-85K on the Boston Garter Matty. I know for a fact there are two big name collectors going after this card. Who knows when another will come up for auction.

$50-55K for the SGC 92 Joe Jackson.

Tony

[oldjudge]

The high reserves are a turn off for me. I will not bid under this format.

[Delray Vintage]

I agree-wanted the ewing and mascot n172 but kept bidding and never reached the reserve- I wrote them that I am tired of wasting my time trying to guess a reserve. They should put a minmum bid high enough to satisfy the consignor-otherwise all they do is annoy potential bidders. I was willing to pay a fair price but will no longer bid in "guess the reseve auctions". The consignor should not put it up for auction without a high minumum bid so serious get bidders can get involved.

[glynparson]

I've now seen people on the board complain if minimums were too high and people advocating for high minimums over reserves. I guess no matter what an auction company does they will have critics of their formula.

[Matt]

Originally Posted by glynparson

I've now seen people on the board complain if minimums were too high and people advocating for high minimums over reserves. I guess no matter what an auction company does they will have critics of their formula.

Cute job with the word-smithing. The folks that are unhappy with high minimums are not unhappy with the fact that high minimums are used instead of reserves - they were just unhappy with how high the minimums were. Setting a minimum so high that there is only a 50/50 chance even 1 bid would be placed is more like a sale then an auction. Setting a strong minimum bid instead of a reserve would placate most folks, so long as the minimum was reasonable.

[bh3443]

Hi Glyn,
I've been buying cards here in the greater Boston area for decades and found virtually every card type from the 1880's to present, but NEVER was offered any Boston Garters. Were they distributed here in my area? I'd appreciate any insight and if you want to post some here or on facebook, that would be awesome!
BTW, Glyn, I hope you had a great birthday with your child yesterday.
Thanks,
Bill Hedin

[botn]

Originally Posted by Matt

Cute job with the word-smithing. The folks that are unhappy with high minimums are not unhappy with the fact that high minimums are used instead of reserves - they were just unhappy with how high the minimums were. Setting a minimum so high that there is only a 50/50 chance even 1 bid would be placed is more like a sale then an auction. Setting a strong minimum bid instead of a reserve would placate most folks, so long as the minimum was reasonable.

Write what you will but it is obvious Paragon's formula worked very well for them and their consignors. I will certainly place them at the top of my list when considering where to consign my material.

[Matt]

Originally Posted by botn

Write what you will but it is obvious Paragon's formula worked very well for them and their consignors. I will certainly place them at the top of my list when considering where to consign my material.

I never intended to say there was an issue with Paragon's formula; I apologize if that was conveyed. I was just responding to Glyn's suggestion that people were being unreasonable/impossible to please.

I'm all for the disappearance of the BP confusion that Paragon has adopted.