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<p>[QUOTE="savitale, post: 8322955, member: 95284"]I didn't write near-identical, I wrote "equivalent or better". Although each ancient coin is unique, I think much of the time you can find an equivalent or better example. If you truly cannot find anything equivalent or better, then what is the basis for saying a price is bizarre? If the item is the best of its kind or is truly unique in a meaningful way, then the sky is the limit for pricing.</p><p><br /></p><p>The notion of available at time of sale is important. The bidders are acting at that moment in time. Calling a price irrational or bizarre suggests the buyer did something that puts their judgement into question. I think the only way to really support that is to show that there was a readily available alternative specimen for less money. If there was not, then I don't see a strong case for labeling the price bizarre. </p><p><br /></p><p>Also, there is a lot of subjectivity in ancient coins. Some feature of a coin may be worth a $5,000 premium to me, but not to someone else, and vice-versa. It is like art. Many people have looked at a painting that sold for millions and have said, "My five-year-old could have made that." A difference of taste doesn't make a price bizarre though.[/QUOTE]</p><p><br /></p>
[QUOTE="savitale, post: 8322955, member: 95284"]I didn't write near-identical, I wrote "equivalent or better". Although each ancient coin is unique, I think much of the time you can find an equivalent or better example. If you truly cannot find anything equivalent or better, then what is the basis for saying a price is bizarre? If the item is the best of its kind or is truly unique in a meaningful way, then the sky is the limit for pricing. The notion of available at time of sale is important. The bidders are acting at that moment in time. Calling a price irrational or bizarre suggests the buyer did something that puts their judgement into question. I think the only way to really support that is to show that there was a readily available alternative specimen for less money. If there was not, then I don't see a strong case for labeling the price bizarre. Also, there is a lot of subjectivity in ancient coins. Some feature of a coin may be worth a $5,000 premium to me, but not to someone else, and vice-versa. It is like art. Many people have looked at a painting that sold for millions and have said, "My five-year-old could have made that." A difference of taste doesn't make a price bizarre though.[/QUOTE]
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