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<p>[QUOTE=&quot;johnmilton, post: 8258637, member: 101855&quot;]I was looking this item which appeared in Davisson&#039;s action, which closed yesterday. It is a AR hardi d&#039;argent of Edward the Black Prince who was the son of British King Edward III. This is a really exceptional example, but the estimate was only $500. I bid $600 but was outbid a few days before the sale.</p><p><br /></p><p>After Googling the Internet for quite a time, I saw that the previous prices for pieces, not quite as nice were in the $500 range. I bid my maximum which was $1,500 and was out bid by the bid on the book. I took it to $2,000 partly as an experiment, but the book went to $2,200. I quit after that.</p><p><br /></p><p>[ATTACH=full]1456249[/ATTACH]</p><p><br /></p><p>I have really come to hate and dread auctions. At best you always over pay if you win the item. At worst you come away disappointed. Auctions are just no fun.</p><p><br /></p><p>I&#039;ve seen the same item sit in a dealer&#039;s inventory for months at a retail price. Then it goes up on eBay and sells for hundreds (20%) more. What is it with auction bidders? Do they think that something is great just because others are bidding? Why pay more when you can buy it privately for less? I don&#039;t understand it.</p><p><br /></p><p>I am getting ready for another auction where the bids will go nuclear. I have 12 items that interest me, and really want one. I doubt that I will get it, even if I post an all-time high bid for it. None of this material is made of gold or silver. It&#039;s all tokens and medals that are made of copper and base metal. It&#039;s like money is worth nothing these days, and everyone has an infinite supply of it.</p><p><br /></p><p>If I fail in that auction, I&#039;ll go back an over pay for an item I have seen in a bid-buy auction. At least there, you know you&#039;ll get the item if you really want it.[/QUOTE]</p><p><br /></p>

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