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<p>[QUOTE="dougsmit, post: 1896814, member: 19463"]This might have been a good place for the auction house to come clean and describe the coin as a tooled space filler but an opportunity to get a coin otherwise unavailable in a lower price range. If they started the bidding at $10k they might have attracted a group of bidders who would not start at $40k but who could get carried away in that region. We will never know but doing that would silence those of us who consider the auction house shabby because they are handling the coin. </p><p><br /></p><p>That might also be a bad idea since people in the 10k bracket might be bidding on some other coins in the sale and decide to skip some of those ordinary Julio Claudian aurei so they have cash left to go for the Colosseum. All the auction house really cares about is that no bidder has any money left unspent when the last hammer falls. Coin auctions usually go in order of date or place. I wonder how the results would be different if the house were to order the lots to their best advantage. It would, at least, require employment of a new marketing expert who would insure the prime coins come up when they should.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1896814, member: 19463"]This might have been a good place for the auction house to come clean and describe the coin as a tooled space filler but an opportunity to get a coin otherwise unavailable in a lower price range. If they started the bidding at $10k they might have attracted a group of bidders who would not start at $40k but who could get carried away in that region. We will never know but doing that would silence those of us who consider the auction house shabby because they are handling the coin. That might also be a bad idea since people in the 10k bracket might be bidding on some other coins in the sale and decide to skip some of those ordinary Julio Claudian aurei so they have cash left to go for the Colosseum. All the auction house really cares about is that no bidder has any money left unspent when the last hammer falls. Coin auctions usually go in order of date or place. I wonder how the results would be different if the house were to order the lots to their best advantage. It would, at least, require employment of a new marketing expert who would insure the prime coins come up when they should.[/QUOTE]
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