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Do you think that Roma Numismatics overestimate the value of their lots?
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<p>[QUOTE="Ken Dorney, post: 3121919, member: 76086"]Estimates are honestly irrelevant to most people and serve little purpose in this day and age. In previous decades estimates were important (if they were accurate) as there was little information available on market prices. One had to collect hundreds of auction and sales catalogs to know what we can now in just a couple of seconds and a search engine. The only thing that matters now is the opening price and what your high bid might be. There are plenty of times where I see the opening bid and pass the lot as I felt it was retail (or above). Many dealers are now dispensing with estimates and simply listing the needed opening bid.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 3121919, member: 76086"]Estimates are honestly irrelevant to most people and serve little purpose in this day and age. In previous decades estimates were important (if they were accurate) as there was little information available on market prices. One had to collect hundreds of auction and sales catalogs to know what we can now in just a couple of seconds and a search engine. The only thing that matters now is the opening price and what your high bid might be. There are plenty of times where I see the opening bid and pass the lot as I felt it was retail (or above). Many dealers are now dispensing with estimates and simply listing the needed opening bid.[/QUOTE]
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Do you think that Roma Numismatics overestimate the value of their lots?
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