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Anyone bid on iBelgica Auction on the 19th?
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<p>[QUOTE="zumbly, post: 2887797, member: 57495"]My answers would be "yes" on attracting more potential and hopeful bidders, "arguable" on higher hammer prices, and "very often" on giving false hope that a coin could sell for near a low estimate (especially for those auctions that do not show current pre-sale bid levels). </p><p><br /></p><p>There are other factors, of course... popular auction houses can count on such tactics yielding better results since their larger regular bidder pool almost guarantees that there will be healthy competition for any coin to drive the prices up, but less popular auctions in trying to employ the same strategy run the risk of coins actually selling at their artificially low estimates because they didn't attract enough potential bidders to begin with. </p><p><br /></p><p>51 Gallery's small number of offerings don't seem to make it difficult for them to sell coins at strong prices. I noticed in watching the auction live that many of the strong and winning bids were made by internet bidders, so there is that too.[/QUOTE]</p><p><br /></p>
[QUOTE="zumbly, post: 2887797, member: 57495"]My answers would be "yes" on attracting more potential and hopeful bidders, "arguable" on higher hammer prices, and "very often" on giving false hope that a coin could sell for near a low estimate (especially for those auctions that do not show current pre-sale bid levels). There are other factors, of course... popular auction houses can count on such tactics yielding better results since their larger regular bidder pool almost guarantees that there will be healthy competition for any coin to drive the prices up, but less popular auctions in trying to employ the same strategy run the risk of coins actually selling at their artificially low estimates because they didn't attract enough potential bidders to begin with. 51 Gallery's small number of offerings don't seem to make it difficult for them to sell coins at strong prices. I noticed in watching the auction live that many of the strong and winning bids were made by internet bidders, so there is that too.[/QUOTE]
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Anyone bid on iBelgica Auction on the 19th?
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