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<p>[QUOTE="panzerman, post: 3347076, member: 77704"]I agree with Doug, if prices keep on escalating like in past 50 years, it will soon really be a hobby for kings. I remember the CNG/St. James Lissner Sale. The second part of his collection, the finest graded Latin American post colonial coins. Most went 10X or more estimates. I ended up winning ZERO lots. All of the coins went to "rich" collectors, leaving the average coll. like myself out in the cold. I am not sure if its all because of speculators, or there are many billionaires who have great taste, rather then just keep all there $$$$ in investments, now are into beautifull collectibles. There are probably many modern day "Farouks" out there. The Naumann auction had some crazy prices, the coin I was after, a MS Otacila Severa AR Denarius/ Hippo sold for over 1000 euros.[/QUOTE]</p><p><br /></p>
[QUOTE="panzerman, post: 3347076, member: 77704"]I agree with Doug, if prices keep on escalating like in past 50 years, it will soon really be a hobby for kings. I remember the CNG/St. James Lissner Sale. The second part of his collection, the finest graded Latin American post colonial coins. Most went 10X or more estimates. I ended up winning ZERO lots. All of the coins went to "rich" collectors, leaving the average coll. like myself out in the cold. I am not sure if its all because of speculators, or there are many billionaires who have great taste, rather then just keep all there $$$$ in investments, now are into beautifull collectibles. There are probably many modern day "Farouks" out there. The Naumann auction had some crazy prices, the coin I was after, a MS Otacila Severa AR Denarius/ Hippo sold for over 1000 euros.[/QUOTE]
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