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<p>[QUOTE=&quot;tibor, post: 3412559, member: 73385&quot;]Kunker is a wonderful company. Knowledgeable staff. Two reasons</p><p>for low estimates,&nbsp; 1)&nbsp; Makes the auction company look good when</p><p>results are 2-3x&#039;s or more than the estimate.</p><p>&nbsp; 2)&nbsp; Some auction companies loan to consignors a percentage of the estimate before the auction starts. The low estimate then is a CYA tactic. </p><p>ie.&nbsp; Estimate for coin is 100 Euros. Company loans consignor 50 Euros</p><p>against the estimate. The consignor has some early money and the</p><p>auction company deducts the loan from the completed sale. this of</p><p>course occurs after auction company expenses are collected.[/QUOTE]</p><p><br /></p>

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