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<p>[QUOTE="scottishmoney, post: 1080534, member: 12789"]Colonials suffer from a serious over-saturation of notes that are still being filtered out from the John J. Ford collection. Relatively common notes are the vast majority of what are being auctioned in these auctions, when I say relatively common - I am meaning notes that are priced under $500. It appears to me as though many of these unsold lots with high starts or reserves are just kicking around the auction venues, usually Stacks, Heritage and some to Bowers. I have seen lots that were passed over in earlier venues pop up as soon as 30 days later on another venue.</p><p><br /></p><p>For me as a collector I just ignore the floor queens, I have seen them pass around for a couple of years or more. There are occasional rarities that pop in from time to time, for instance Stacks auctioned a 1709 dated New York note for $17K about a year and a half ago. </p><p><br /></p><p>For me fleaBay is no due gauge of the market as the sole seller of high end stuff prices his stuff to account for fleaBay fees and advertising for his auction business and doesn't seriously sell stuff on that venue.</p><p><br /></p><p>I didn't buy the New York note, but I have picked up some other rarities that are pretty near unique.</p><p><br /></p><p>As for Heritage, I went 4/4 - no Colonials, rather the one Rick Bradley note, a rare National, and two foreign notes. The National was where I put in my nuclear bid, and it sold for a fraction of estimate and my proxy - not that I mind.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 1080534, member: 12789"]Colonials suffer from a serious over-saturation of notes that are still being filtered out from the John J. Ford collection. Relatively common notes are the vast majority of what are being auctioned in these auctions, when I say relatively common - I am meaning notes that are priced under $500. It appears to me as though many of these unsold lots with high starts or reserves are just kicking around the auction venues, usually Stacks, Heritage and some to Bowers. I have seen lots that were passed over in earlier venues pop up as soon as 30 days later on another venue. For me as a collector I just ignore the floor queens, I have seen them pass around for a couple of years or more. There are occasional rarities that pop in from time to time, for instance Stacks auctioned a 1709 dated New York note for $17K about a year and a half ago. For me fleaBay is no due gauge of the market as the sole seller of high end stuff prices his stuff to account for fleaBay fees and advertising for his auction business and doesn't seriously sell stuff on that venue. I didn't buy the New York note, but I have picked up some other rarities that are pretty near unique. As for Heritage, I went 4/4 - no Colonials, rather the one Rick Bradley note, a rare National, and two foreign notes. The National was where I put in my nuclear bid, and it sold for a fraction of estimate and my proxy - not that I mind.:D[/QUOTE]
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