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<p>[QUOTE="tenacious, post: 1141856, member: 14553"]Yep, "The Sheik" drove up the prices at the January Triton XIV auction too.</p><p><br /></p><p>Here's an example, $10,000 estimate, sold for $180,000!</p><p>I would think that on a very good day it would go for $20K to $25K.</p><p>But $180,000!</p><p><br /></p><p><a href="http://www.cngcoins.com/Coin.aspx?CoinID=175198" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cngcoins.com/Coin.aspx?CoinID=175198" rel="nofollow">http://www.cngcoins.com/Coin.aspx?CoinID=175198</a></p><p><br /></p><p><br /></p><p>I was told by a dealer at that auction that 2 bidders got into a bidding war and put most the coins out of reach of anyone else.</p><p>- One was "The Sheik", who didn't care what it cost.</p><p>- The other was a Japanese businessman with deep pockets who just started collecting ancient coins and had no experience or idea of the value of the coins. This according to my dealer friend who talked with him after.</p><p><br /></p><p>All of my bids were blown out of the water even though they were high bids on mid-level coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /></p><p><br /></p><p>It will be a rude awakening when they try to sell them though. :too-funny:[/QUOTE]</p><p><br /></p>
[QUOTE="tenacious, post: 1141856, member: 14553"]Yep, "The Sheik" drove up the prices at the January Triton XIV auction too. Here's an example, $10,000 estimate, sold for $180,000! I would think that on a very good day it would go for $20K to $25K. But $180,000! [URL]http://www.cngcoins.com/Coin.aspx?CoinID=175198[/URL] I was told by a dealer at that auction that 2 bidders got into a bidding war and put most the coins out of reach of anyone else. - One was "The Sheik", who didn't care what it cost. - The other was a Japanese businessman with deep pockets who just started collecting ancient coins and had no experience or idea of the value of the coins. This according to my dealer friend who talked with him after. All of my bids were blown out of the water even though they were high bids on mid-level coins. :mad: It will be a rude awakening when they try to sell them though. :too-funny:[/QUOTE]
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