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Do you think that Roma Numismatics overestimate the value of their lots?
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<p>[QUOTE="DanielRusev1, post: 6269630, member: 103435"]Roma Numismatics are one of the best in business in my humble opinion. I have bought from other auctions houses of course, but almost never got the proper service. Maybe i am old-fashioned, but i believe the attitude as customer service is also important and have the power on its own. Yes, their estimates and realized prices come a little steep - i assume this is due to the higher interest shown by customers causing them to outbid each other. It's not easy to win an auction on their platform, i admit. I won only twice, but so far i am very happy and think that i will buy again in the future.</p><p><br /></p><p>The way these prices are formed is not up to the auction house, but by the interest shown through bidding. For example, i am watching the auctions of Leu Numismatik for some time and they have really low estimates - most of the coins are between 50 and 200 range (CHF), but they almost always go for several times over estimate. You can see in the reports that is very standard hammer price to be at least 200% over estimated value. It is the market who set the end prices, not the auction house. VCOINS are also offering firm prices from different dealers, but they are extremely overvalued - it's way cheaper just to buy from an auction.</p><p><br /></p><p>Bottom line, they might have a little bit of higher estimates for some coins, but if there is no market, they will not buy, right? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Nothing good comes cheap.[/QUOTE]</p><p><br /></p>
[QUOTE="DanielRusev1, post: 6269630, member: 103435"]Roma Numismatics are one of the best in business in my humble opinion. I have bought from other auctions houses of course, but almost never got the proper service. Maybe i am old-fashioned, but i believe the attitude as customer service is also important and have the power on its own. Yes, their estimates and realized prices come a little steep - i assume this is due to the higher interest shown by customers causing them to outbid each other. It's not easy to win an auction on their platform, i admit. I won only twice, but so far i am very happy and think that i will buy again in the future. The way these prices are formed is not up to the auction house, but by the interest shown through bidding. For example, i am watching the auctions of Leu Numismatik for some time and they have really low estimates - most of the coins are between 50 and 200 range (CHF), but they almost always go for several times over estimate. You can see in the reports that is very standard hammer price to be at least 200% over estimated value. It is the market who set the end prices, not the auction house. VCOINS are also offering firm prices from different dealers, but they are extremely overvalued - it's way cheaper just to buy from an auction. Bottom line, they might have a little bit of higher estimates for some coins, but if there is no market, they will not buy, right? :) Nothing good comes cheap.[/QUOTE]
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Do you think that Roma Numismatics overestimate the value of their lots?
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