CNG 102 disappointing, especially for consignors

All the coins I've been 'clio'd' on were ones I placed a high bid that was the most I was willing to pay. So, I suppose no regrets.

There were no lots in today's auction I placed bids on ( I had other fish to fry elsewhere), but it was fun being a spectator.

 

Log in or Sign up to hide this ad.

Please help me understand what it means to be "clio'd" ... I seem to be missing the joke

 

A bidder who goes by that name on CNG auctions who tends to outbid others last second who also has deep pocks.

 

I suspect the European auctions next week adversely impacted some segments of the CNG auction. Likewise, European exchange rates are still favoring the dollar, which makes U.S. purchases more expensive for European buyers. Finally, the market may have slowed a bit anyway - NYINC didn't seem particularly busy this year.

Today, I targeted and won only one coin. It was auctioned without provenance, but I found a pre-1970 provenance for it a couple days ago. I was happy to get the coin for well below estimate (a bargain with the provenance I found). Like Carthago, the remainder of my funds are reserved for next week!

 

I know I would bid on more lots if they accepted the snipe engine I use. Bidding early is a way of inviting others to bid on the theory that if it was worth that much to you, it must be worth just one more bid. That is good for sellers. I'd prefer we bid blindly with no one knowing whether anyone else was bidding but that would realize much less and all auctions rely on stubborn people each determined not to let the other guy win. Who remembers sending in a list of mail bids and waiting to find out if you bought none or all after closing? You must be old.

 

I've been Clio'd but I've been Vespasian70'd so many times, I'm resigned to only buying Flavians he's already got in his collection.

 

I wonder? ... ummm, has anybody ever been Bing'd? (man, that would sting, eh?)

 

I had my heart set on a Syrian AV Stater, was outbid....while at work. Too many rich people bidding

 

iamtiberius said: "Almasin" was my vex for the day.
He/she also sniped me at the finish line on lot 383. A new "Clio" to grumble about.

 

I don't think there is much chance of that happening, but, hey, you never know. Stranger things have happened, eh?

 

Funny thread. I also took part to yesterday's auction.
I had 5 targets and I was only successful on one coin. Afterwards I have regrets concerning two lots (a drachm of Poseidonia and a stater of Sikyon) where I should have bid higher...
I have been 'clio'd' on the two other coins.

The funny thing is that on the 4 lots I didn't win, I had bids above estimate. The only coin I managed to get was a last minute snipe (my apologies to the victim) that went below estimate...

Maybe is 1/5 not so bad considering that such an auction attracts many wealthy people...

 

at this point Clios hoard should look like Scrooge McDucks money bin, all I want to know is.... does he swim in them?

 

They accept the only snipe engine I use... my right index finger!

 

Well, I havent hit 50 yet so I cant be that old! However, I do remember the good old days. One would have to enter sometimes hundreds of bids, bidding blindly and not know what the result was until you got either a package or an invoice. Many times I sweated it out waiting for results not knowing if I went over my budget or not. I remember one mail bid auction in the late 80's, just a collector selling his stuff himself. I won every item I bid on as he just didnt have much of a mailing list. I remember getting several sestertii including Galba, Nero, Vespasian, etc. All nice VF or better to the tune of about $650 (about 10 coins). That was a fortune for me back then and I was barely able to pay the bill. Some of those same coins today are fetching about $1,500 each. Too bad I sold them all back then!

 

Here in Canada, our 2016 loonie ($1) is worth 3 cents compared to a 1967 dollar, silver back then. That is quite a bit of inflation. I remember winning my first (good coin from Stacks auction in 1985) a FDC Napoleon III 100 Francs 1862-BB for $350. Same coin sold at Heritage auctions recently for 12K. Thats is way above inflation rate. Good quality coins appreciate 15 percent or more per annum...
John

 

In the 1970's, old and tiny houses near Washington DC doubled in price in about 3 years. In the 90's, it was more like 6 years to double. In the 2000's..... we are still waiting. I agree with panzerman's statement but would add only one letter:
"Good quality coins appreciateD 15 percent or more per annum..."
Like what you buy, may you enjoy each other for years to come.