ROMA auction "Unsold lots"

Well, I checked the "unsold coins" and jumped on a pretty nice EL Hekte depicting a Laureate Zeus/ Quadripartite punch 11mm 2.55g. EF quality Extremely Rare LOT 321
John

 

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Very nice example......someone took a huge loss on that (previously sold for 4k pounds)

 

One of the benefits of still being "unemployed"! Had the time to check the unsold material. We had 25 cm. of snow on Wednesday, I will be lucky to be back to work by Monday next week. Pretty cold today -2 cel.

 

WOW !!! @panzerman It seems you scored a terrific bargain if the original value '4 to cent' mentioned is anywhere near actual retail value...Congrats!!!

 

Thanks!
Sometimes things just do not make sense. There was a good example, with one Diocletian AV Aureus. This coin sold for 30KUS$ in 1989 NFA auction/ same coin sold in Triton V for 9K US$ 2002 (my bid) Identical coin/lesser grade sold for 45K SFRS Ars Classica in recent auction!

 

For what it's worth, that coin is not the same one as sold in Roma III. They were just referencing a similar coin and its price. Additionally, you may notice that many coins in some auction houses "sell" for just the opening bid but then appear in a subsequent sale at a lower estimate/opening bid... some repeating this cycle several times.

And finally, while grade is a factor in determining price, it is not the only factor. Saying a coin is "identical" is very unlikely. Even slightly finer dies could cause a sizable jump in price. Better centering, a more historic variety, metal quality, less marks, etc. will all come into play as well.

So, while it may be indicative of an overall trend to see what one coin sells for at a given point, it is merely a snapshot and does not correlate to the price of another coin, even one from the same dies (especially across many years, where a hoard could have been dispersed, bidders could have left the market, etc.)

 

I agree! I checked that coin from Auction 3 sold for 4000UK Pounds....this coin is same in style, but grade looks inferior to one in recent auction. According to latest, there are 2/3 known.....

 

No pics?

 

Here it is from computer....

 

Was not sure if that was the case, but it makes sense. I read the attribution on a phone screen. I thought it said ex ROMA, but I see now it does not.

I have no idea why anyone would care that a similar coin sold for 4k. I don't know why it is even in the attribution (other than to inflate the apparent worth by association)

I have never been a fan of the license use in the auction descriptions for some of the lots in the ROMA sales. This is one of those things that irk me.

Thanks for the clarification and the other thoughts.

 

A helpful hint...

If you want to paste a picture from another website, just right-click on that image, select "copy image address" (or "copy image URL" or whatever term your system uses). Then, go to the CoinTalk message. Click the picture icon above where you type the message, right-click and "paste". The image will be pasted to the location of your cursor, so make sure to position it where you want it within your message body.

Some websites are set up in a different manner and you cannot "right-click copy". That is the case for Roma. You can instead find the coin on Sixbid or Numisbids and right-click copy it from there.

The coin's image will be much better than a screen shot. Here is your coin pasted from the listing:



It saves some steps.

 

Thanks for that, looks so much better! Just to let everyone know, I am a bit like the "ancients" klutz with technology. I don't even have a smartphone, just use the old fashioned house type. Well, I have this beauty arrive via mailman in 2 weeks!

 

I like this one the Galba, but it was 400 now 484 as unsold lot..but it was already for sale more time..nobody pays that amount with commission for it, most prices scare me 6k for a coin in GBP..puff

 

Those prices quoted in Roma unsold section....did that price include 17.5% comm. fee?

 

looks like, but iam not certain.

 

It appears that the prices for unsold lots include both the 17.5% buyer's fee plus the 20% VAT tax on the buyer's fee, for a total of 21% (17.5% plus 20% of 17.5% = 21%) added to the opening bid price.

 

An auctioneer puts themselves in a difficult spot offering unsolds. If the coins are offered at a discount from what they could have been bought at opening bid, it will reduce auction participation. If offered with a buyers premium plus taxes, it's constitutes a pretty underwhelming offer.

My personal opinion is that best practice, which most major auctions do, is to let the coins go back to consignors or offer them in a later auction at more realistic reserves to avoid customer who say .

 

Yikes!!!! No wonder why I like GMBH and their low end buyers fees...

 

For those outside the EU, building the VAT into the price automatically makes it a worse deal than a minimum bid in the auction, because at least in the auction, you pay no VAT if shipped out of the EU.

This problem that ROMA has (many unsolds) is largely due to the high estimates (as mentioned earlier.) The after sale always struck me as a strange business model, for all the reasons you mention.

Mr Beale gets some very nice coins from time to time, but the auctions generally leave much to be desired. I take a stab at a coin here and there, but I don't sit around waiting breathlessly for the next auction.

NAC, Triton, Gemini, most CNG printed auctions................I get restless waiting for the next one to come along. Having said that, CNG 102 is a bit of a disappointment for me. Just reviewed it several times and I find little in my sweet spot ($500-$3k)

 

Actually, according to CNG 102. There are 3 known...none to Bodenstadt.