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<p>[QUOTE="Finn235, post: 8346014, member: 98035"]1. Low estimate</p><p>2. Bidder 1 thinks they found a sleeper, places bid, starts imagining the coin as theirs</p><p>3. Bidder(s) 2, (3, 4, etc) think the same</p><p>4. Bidding war ensues.</p><p><br /></p><p>It's worked out extremely well for many auction houses in the past. Recent example was my thread on a lot from Rapp that had ~$12k worth of coins on a $3k estimate, and it ended up hammering for $17k, I can only imagine as the result of an emotional bidding war.[/QUOTE]</p><p><br /></p>
[QUOTE="Finn235, post: 8346014, member: 98035"]1. Low estimate 2. Bidder 1 thinks they found a sleeper, places bid, starts imagining the coin as theirs 3. Bidder(s) 2, (3, 4, etc) think the same 4. Bidding war ensues. It's worked out extremely well for many auction houses in the past. Recent example was my thread on a lot from Rapp that had ~$12k worth of coins on a $3k estimate, and it ended up hammering for $17k, I can only imagine as the result of an emotional bidding war.[/QUOTE]
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weird price estimates in auctions
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