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<p>[QUOTE=&quot;GDJMSP, post: 1774768, member: 112&quot;]Major auctions may only be attended by those willing to spend travel expenses, but they are participated in by thousands of others. Many have a dealer or other attendee acting as their agent at the auction. Many others participate by phone. And in some many participate via live web site. And still many others will send mail bids.</p><p>&nbsp;</p><p>And I strongly disagree, very strongly in fact, that there are just as many paying too much at major auctions as there are at ebay or anyplace else. The vast majority of those participating in major auctions know what they are doing and know the market. The vast majority of those participating on ebay do not. The proof of this is legion.</p><p>&nbsp;</p><p>Yes I will readily agree that there are savvy buyers who buy strictly from trusted &amp; respected dealers. But sadly, those people make up a very small portion of the market. many times I have given the advice that is what smart collectors should do. But sadly few listen. And I am well aware of what the Grey Sheet is and what it represents.</p><p>&nbsp;</p><p>And I will also agree that realized prices at major auctions are not the only reliable source. But they are the only the only reliable source that the average collector has access to, for free. Sure, you can check the electronic dealer networks, IF you have access to them. But the average collector doesn&#039;t even know they exist, let alone have access to them. And you can also use private sales, if you have access to the information - most don&#039;t.</p><p>&nbsp;</p><p>It&#039;s easy to point to specifics and say such and such is not true because of those specifics. But exceptions to the rule do not disprove the rule, that&#039;s why they are exceptions. In general, realized prices at major auctions are the single best resource to which most collectors have free access.</p><p>&nbsp;</p><p>But sadly, all too few use that resource.[/QUOTE]</p><p><br /></p>

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