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<p>[QUOTE="AncientJoe, post: 1896923, member: 44357"]I've wondered about this as well. I appreciate the rationale behind the varied chronological/alphabetic/location sequencing, but I think in many cases, it would make more sense, from a price maximization perspective, to sequence lots based on the potential overlap and financial allocation of bidders. There is auction momentum to take into account as well: "stacking the deck" with low-estimated lots that are guaranteed to realize substantial gains over the estimate could perhaps excite bidders.</p><p><br /></p><p>In several instances, I've missed out bidding on coins I would have loved to acquire due to chasing after expensive ones later in the sale. The Colosseum sestertius prevented me from bidding on several lots earlier in the sale because I assumed it would go considerably higher, and when I was bidding on the EID MAR, I skipped about a dozen other coins I would have wanted to acquire in months prior. The Nomos auction prior to the NAC auction had overall extremely low prices and I've been kicking myself ever since for not bidding on coins there. Everyone has finite resources, and in my utopia, I would offer some way to re-sequence lots (or some easy-to-use facility for underbidders to make an offer after the auction finishes to the winner for an immediate profit, split between the winner and consignor, with some limitations to prevent manipulation).[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 1896923, member: 44357"]I've wondered about this as well. I appreciate the rationale behind the varied chronological/alphabetic/location sequencing, but I think in many cases, it would make more sense, from a price maximization perspective, to sequence lots based on the potential overlap and financial allocation of bidders. There is auction momentum to take into account as well: "stacking the deck" with low-estimated lots that are guaranteed to realize substantial gains over the estimate could perhaps excite bidders. In several instances, I've missed out bidding on coins I would have loved to acquire due to chasing after expensive ones later in the sale. The Colosseum sestertius prevented me from bidding on several lots earlier in the sale because I assumed it would go considerably higher, and when I was bidding on the EID MAR, I skipped about a dozen other coins I would have wanted to acquire in months prior. The Nomos auction prior to the NAC auction had overall extremely low prices and I've been kicking myself ever since for not bidding on coins there. Everyone has finite resources, and in my utopia, I would offer some way to re-sequence lots (or some easy-to-use facility for underbidders to make an offer after the auction finishes to the winner for an immediate profit, split between the winner and consignor, with some limitations to prevent manipulation).[/QUOTE]
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