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<p>[QUOTE="dougsmit, post: 4514101, member: 19463"]This would only be the case if only one floor bidder wanted the lot. I would prefer sale either be floor or mail but not combinations of both. Those unable to attend a sale could employ a representative who would attend the sale (used to be for 5% - what is it now?) and buy as instructed or examine the lots and advise as needed. The elimination of pre-bids would considerably slow the sales since there would be competition on each lot but the end number should be about the same unless those in attendance had examined the lots and decided they were not worthy. </p><p><br /></p><p>The matter of the super-rich brings to mind my favorite<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie96" alt=":vomit:" unselectable="on" unselectable="on" /> numismatic book <b>Fun While it Lasted</b> by Bruce McNall. He related the story of a Hunt Brother inquiring into the possibility of buying ALL the Byzantine gold - not a set but all of them. We need not worry too much about the long term effect of the 70%ers. Hunts, go broke, Sheikhs fail to pay (or is it die?) and old guys die leaving coins to kids who don't care so the coins are converted into racing cars. I do agree that it is a waste of time for most of us to follow the big sales unless we are smart enough to look at the 30% coins.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 4514101, member: 19463"]This would only be the case if only one floor bidder wanted the lot. I would prefer sale either be floor or mail but not combinations of both. Those unable to attend a sale could employ a representative who would attend the sale (used to be for 5% - what is it now?) and buy as instructed or examine the lots and advise as needed. The elimination of pre-bids would considerably slow the sales since there would be competition on each lot but the end number should be about the same unless those in attendance had examined the lots and decided they were not worthy. The matter of the super-rich brings to mind my favorite:vomit: numismatic book [B]Fun While it Lasted[/B] by Bruce McNall. He related the story of a Hunt Brother inquiring into the possibility of buying ALL the Byzantine gold - not a set but all of them. We need not worry too much about the long term effect of the 70%ers. Hunts, go broke, Sheikhs fail to pay (or is it die?) and old guys die leaving coins to kids who don't care so the coins are converted into racing cars. I do agree that it is a waste of time for most of us to follow the big sales unless we are smart enough to look at the 30% coins.[/QUOTE]
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