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<p>[QUOTE=&quot;Severus Alexander, post: 8322255, member: 84744&quot;][USER=84905]@Tejas[/USER]&#039;s claim about aggregators (here he means like Numisbids, Sixbid, and biddr) was that basically the entire global community of collectors participates (at least looks through before auction time) every single major auction.&nbsp; This was to deny my claim that the audience for any particular auction was highly variable, leading to individual prices that vary widely above and below fair value.</p><p><br /></p><p>I agree with you that auction record aggregators (like acsearch) allow us to establish something close to fair value, based on generalizations like the ones you describe for real estate.&nbsp; I assume Tejas would deny this, as he doesn&#039;t think there&#039;s such thing as fair value for ancient coins.[/QUOTE]</p><p><br /></p>

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