Record sale on Ebay? Reserve not met at 3.5mil

Hi @Cheech9712 if you put an "at" sign in front of the name, it sends the person a notification they have been paged...

 

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See I told you it was difficult to read sarcasm online.

 

Definitely without emojis

 

Thanks for that tidpit

 

How can you tell there are 16 individual bidders? Bids are private? Only way you would know this is if you were the owner of the auction and could see who bid.

 

Whoever wins is flying their private jet and bringing his/her attorney(s) to go and pick it up with armed security. You can count on it.

 

If you click on the bids it will bring up the bid page. Even though the bidders are private, on the top of the page it will show how many unique (individual) bidders and how many total bids among those bidders.

Yeah, I'm not the owner of the auction.

 

I am surprised the reserve has not been met at this price. It didn't cost him 5 million dollars over the last 15 years to put this set together.
If the reserve is unrealistically high, then it is just a way to get free publicity for a later high end auction.
He might regret not accepting $5,250,100.00 after it is sold at auction and the huge auction house commission is taken into account.
I don't know what this set is worth, but I think $100,000 per coin is a legit and fair bid.

 

Good chance you're right. Stuppler probably doesn't own the coins but is acting as a sales agent. Great way to generate publicity. Wouldn't be surprised to see the coins auctioned individually by Heritage or Stack's/Bowers or maybe Legend.

Cal

 

I would. Look at some of the stickers on the coins

 

Ah! Thanks. Yes, I had forgotten that. I bet most of the bidder quit a long time ago (dollarwise).

 

Well isn't this the classic difference between any buyer & any seller in any transaction! Buyers never think an item is worth as much as the seller is asking. It doesn't matter what it cost him to put it together over the years, if fact, he could have found them raw on the beach (not really) and it wouldn't matter.

The fact is, he is operating in a totally different environment than 99.99999% of us here. Yes, it's fun to conjecture about such an auction, but in reality, if he accepts a $5.25 mil bid, that only averages slightly more than $100K per coin! If he gets the $7.5 mil. the avg. is $144K per coin. The most plausible is probably closer to the latter, but I don't know because I am not in that arena - and neither are most of us.

Frankly, I would be surprised if the reserve is less than $6.5 mil. & if it sells it will hammer something around 7 or a little over. Just my opinion.

 

Yeah, but there were 8 bids yesterday (can't tell how many bidders) and one bid today. We do know that at least 2 bid as much as $5.25 mil. already!!! Maybe it will be like Mecum (classic car) auctions..."and the bid goes on..."!

 

After thinking about this set, and all it means, I think my guess on the reserve may have been a little low. $9 million is probably a better guess.

We're forgetting that this is the #7 all-time highest ranked set, which is one higher then the Louis Eliasberg set was, and most of the coins have tremendous pedigrees. It is also the #4 highest current set.

Those things add up to lots of perceived value to the folks that can afford this type of set. These guys crave the glory that goes along with the top sets. It's bragging rights, and they'll pay for that.

Some of the bidders could simply be guys that have the number 5, 6, 7, etc., sets, and need specific coins to move up the ladder.

Just my thought on it.

 

Good luck. My reserve is very high...

 

Will I be the winning bidder??? Free to dream, right?

 

It's funny, the downside of this annoying CAC trend is apparent in this sale. The implication of the holders with stickers is kind of meaningless. The real insight to be gained is from the holders without stickers "They weren't worthy of certification".

 

What are you even talking about?

 

CAC is a is a service that, for a fee, verifies the evaluations made by third party graders. They place a sticker in the top right of the holder if it meets their criteria. It's kind of like the movie Inception, except for coin grading instead of dreams. How many layers of evaluation and certification can we stack on a coin?