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CNG 463 auction your feeling ?
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<p>[QUOTE="rrdenarius, post: 4239691, member: 75525"]I followed the same auction. Did you wake at 4AM to place a bid? I did only to find my max bid was well below the hammer for all the lots I watched. I did sneak in one bid before it went above my max. I wondered if the Berlin coin show closing increased interest in online auctions.</p><p><br /></p><p><a href="https://www.kitco.com/news/2020-02-28/Berlin-ITB-trade-fair-canceled-due-to-coronavirus.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.kitco.com/news/2020-02-28/Berlin-ITB-trade-fair-canceled-due-to-coronavirus.html" rel="nofollow">https://www.kitco.com/news/2020-02-28/Berlin-ITB-trade-fair-canceled-due-to-coronavirus.html</a></p><p><br /></p><p>I followed cast bronze in both auctions. I think the market in both auctions was strong. There were not many Aes Grave coins, but that is not unusual. I bought some in other auctions, and coins sold above and below recent history. The CNG aes formatum cake, 1750 gr, hammered for $850. GM's cast bars, 1414 gr, hammered for 1025 euro. Both are above my chart of aes wt vs price, see below.</p><p>[ATTACH=full]1082992[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>Buying at a fair price is a function of how often an item comes to market, what the seller is willing to take and competition for the item. Most of what I want only hits the markets I watch a few times per decade. I then get to decide if I have the resources to buy the item.[/QUOTE]</p><p><br /></p>
[QUOTE="rrdenarius, post: 4239691, member: 75525"]I followed the same auction. Did you wake at 4AM to place a bid? I did only to find my max bid was well below the hammer for all the lots I watched. I did sneak in one bid before it went above my max. I wondered if the Berlin coin show closing increased interest in online auctions. [URL]https://www.kitco.com/news/2020-02-28/Berlin-ITB-trade-fair-canceled-due-to-coronavirus.html[/URL] I followed cast bronze in both auctions. I think the market in both auctions was strong. There were not many Aes Grave coins, but that is not unusual. I bought some in other auctions, and coins sold above and below recent history. The CNG aes formatum cake, 1750 gr, hammered for $850. GM's cast bars, 1414 gr, hammered for 1025 euro. Both are above my chart of aes wt vs price, see below. [ATTACH=full]1082992[/ATTACH] Buying at a fair price is a function of how often an item comes to market, what the seller is willing to take and competition for the item. Most of what I want only hits the markets I watch a few times per decade. I then get to decide if I have the resources to buy the item.[/QUOTE]
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