1894-S 10c PR66 Eliasberg on the auction block in January

LOL

 

Log in or Sign up to hide this ad.

Well, this morning's email said it was $885,000 with BP. Now it's a $1,800,000 reserve amount, $2,160,000 with BP. Weird. Can they do that after bidding has started? Guess the seller was getting nervous. Must have been my $1 winning bid.

 

I would think that there is a stipulation in the contract that allows a reserve if there is no interest in the item. Especially if the coin should bring double the money. I would expect the house to have my and their best interest in mind.

 

Often the auction houses open the bidding several days to a month before the sale, and then apply the reserve, if any, about a week before it goes live for floor bidding.

 

That's what happened here I guess - 7 days until the live auction. I wonder if it will go unsold. With BP it's 8% more than the last time it sold. It's not that much better than the PR66 that sold in 2020 for $1.5M.