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Antoninianii Lot - Has CNG gone insane?
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<p>[QUOTE="dougsmit, post: 3660277, member: 19463"]This makes me think of the situation with the AK collection bulk lots. There were lots in that grouping that included coins worth over $500 which should have been listed singly. At the time I assumed that this was a case of the consignor insisting that they be sold the way they were because no sensible dealer would have done it that way. Here it seems that CNG wronged the consignor but we really do not know the circumstances and whose idea it was to do the wrong thing. I do know that I would be much less likely to consign my coins for sale by a house that does this but CNG class dealers have less than zero interest in my collection including the fifty or so coins I bought from them in the last 30+ years. I can only hope that these coins were the dregs of a better collection listed this way to move them quickly. I have no idea of the details and reasoning here so I have no idea whether we are correct blaming the stupidity on the auctioneer. A question: Should a auction house refuse to list coins for a consignor when that consignor wants it done in a way that will not produce a good result? I have sent some coins to Severus Alexander for inclusion in his AMCC auction. Should I instruct him which ones are grouped together, which ones belong in the bargain section and which ones I want started at a level making them unlikely to sell? I believe I should send him the group and let him do his job. Similarly, if I were sending a group of $1000 coins to a CNG class dealer, I would like to think I chose wisely when I sent them the coins rather than someone that needed babysitting to keep them from listing good coins in a stupid manner. I would love to know the backstory of this grouping and, more, the AK grouping strategy but these business matters are none of my business.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3660277, member: 19463"]This makes me think of the situation with the AK collection bulk lots. There were lots in that grouping that included coins worth over $500 which should have been listed singly. At the time I assumed that this was a case of the consignor insisting that they be sold the way they were because no sensible dealer would have done it that way. Here it seems that CNG wronged the consignor but we really do not know the circumstances and whose idea it was to do the wrong thing. I do know that I would be much less likely to consign my coins for sale by a house that does this but CNG class dealers have less than zero interest in my collection including the fifty or so coins I bought from them in the last 30+ years. I can only hope that these coins were the dregs of a better collection listed this way to move them quickly. I have no idea of the details and reasoning here so I have no idea whether we are correct blaming the stupidity on the auctioneer. A question: Should a auction house refuse to list coins for a consignor when that consignor wants it done in a way that will not produce a good result? I have sent some coins to Severus Alexander for inclusion in his AMCC auction. Should I instruct him which ones are grouped together, which ones belong in the bargain section and which ones I want started at a level making them unlikely to sell? I believe I should send him the group and let him do his job. Similarly, if I were sending a group of $1000 coins to a CNG class dealer, I would like to think I chose wisely when I sent them the coins rather than someone that needed babysitting to keep them from listing good coins in a stupid manner. I would love to know the backstory of this grouping and, more, the AK grouping strategy but these business matters are none of my business.[/QUOTE]
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