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Message:: [QUOTE="MSG 78, post: 4514133, member: 112660"]This was a common thread on Facebook as well. Here is the fact. The bidder that bought a great deal of the early lots in CNG 114 was a dealer. This dealer did something rather intelligent, given our current circumstances. They had the sale shipped to them so they could review the entire sale. Then they went out and solicited bids from their client base. Obviously, as the auctioneer, we were quite pleased by that. But it appeared that all the coins were being bought by, essentially, a hoarder. It just wasn't the case. I think the two main collectors people were directing their comments to have been harshly treated in these threads. Both collect a single coin of each type, maybe type by the specific reference number, but still simply one of each type. Can you outbid them? Yes, but you will have to bid strong. But are they hoarding and keeping everyone else from winning lots? No. From what I have seen, and not just in CNG auctions, they buy strong in two specific areas: coins with great provenances that they still don't have for a given type; and coins which are rare for their given variety as these coins are likely still holes in their collections, just like they are in most of ours. But for coins that aren't "one of" or coins that are somewhat available over time, I don't think they are any factor at all. I have seen prices rise dramatically for coins of all value and all types in the last few months. If you follow any dealers Esale at present you will be astounded at what some coins are selling for. I attribute a lot of this to Covid-19 and the fact we, as collectors, have a lot more time to look at auction and bid on coins we need. Once we all go back to work this may revert back to normal. But who can say for certain. I hope this helps clarify the situation.[/QUOTE]

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