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<p>[QUOTE="medoraman, post: 1141495, member: 26302"]Just thought I would relay what I have heard from some club members. We have one member with some deep pockets, (owns an octodrachm and an Eide Mar), and he said he was completely shut out in Germany this spring. He said there is a Shiek who is on a buying spree for Greek coins, and bought up about 3/4ths of all Greek material at the current auctions. He said that some bidders were bidding up $5000 coins up to $50,000 just to spite him, and it didn't phase the shiek at all.</p><p><br /></p><p>Just thought I would pass this bit of info along, and it might help explain some things if anyone is into better ancient greek coins and are having a hard time finding material. I hear they believe he will be showing up at the ancient auction at CICF, if not they are sure a representative or two will be there.</p><p><br /></p><p>With such a thinly traded market, this can and has happened in the past. I guess the only thing to do is hope he doesn't take an interest in your area, and wait for him to become disinterested or die. King Farouk immediately comes to mind.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1141495, member: 26302"]Just thought I would relay what I have heard from some club members. We have one member with some deep pockets, (owns an octodrachm and an Eide Mar), and he said he was completely shut out in Germany this spring. He said there is a Shiek who is on a buying spree for Greek coins, and bought up about 3/4ths of all Greek material at the current auctions. He said that some bidders were bidding up $5000 coins up to $50,000 just to spite him, and it didn't phase the shiek at all. Just thought I would pass this bit of info along, and it might help explain some things if anyone is into better ancient greek coins and are having a hard time finding material. I hear they believe he will be showing up at the ancient auction at CICF, if not they are sure a representative or two will be there. With such a thinly traded market, this can and has happened in the past. I guess the only thing to do is hope he doesn't take an interest in your area, and wait for him to become disinterested or die. King Farouk immediately comes to mind. Chris[/QUOTE]
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