Message:

<p>[QUOTE=&quot;AncientJoe, post: 2874491, member: 44357&quot;]I think it was a bit of both. It sold one more time in the middle for $48K which is probably more around where it should be priced today. I was shocked to get it at the level I did and was willing to go considerably higher: I won it on a &quot;throw away&quot; book bid at a Triton sale. There was a Berenike gold <i>dekadrachm </i>as the prior lot which I was also in the running for but was ultimately outbid. It was so strong it elicited a round of applause from the auction room... and the octodrachm was the next lot, which went for the opening price, my book bid.</p><p><br /></p><p>I sat in slightly concerned horror for a moment trying to determine if it was actually my bid or if I lost it to another book bid but ultimately decided to not bid against the book which was the right decision as I&#039;d be running myself up. That was the last time I put a book bid in a live sale where I was attending in person: it&#039;s not worth the confusion.</p><p><br /></p><p>These Berenike II octodrachms are quite rare in nice style. There are two slightly nicer examples which have been on the market, both &quot;selling&quot; for 120K CHF hammer. When viewing auction records, it&#039;s important to keep an eye of skepticism from some auction houses: not everything that is listed as sold was really sold and it often takes cross-referencing with people who take notes in the room to get a more complete picture. One of these two coins has since resold for $62K which is roughly in-line with where I&#039;d think it should be (~25% nicer than mine).</p><p><br /></p><p>Or, it&#039;s all just two people who keep their paddle up as long as it takes to win and no amount of quantifiable analysis will help to understand price.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in