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What is the most over estimate you ever bid?
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<p>[QUOTE="AncientJoe, post: 8323415, member: 44357"]My bid was 50x estimate but I bought it for a mere 26x (a bargain!) I paid a record price for the type but their estimate was laughable. Some auction houses try to make it seem as if their marketing/positioning is the cause of incredible hammers; I'd instead counter saying that an auction house doesn't have a fairly accurate feel of where coins will sell and consistently dramatically under or over-estimates, they're either being deliberately misleading, lazy, out of touch, or all three.</p><p><br /></p><p>[ATTACH=full]1474764[/ATTACH] </p><p><br /></p><p><i>Æ-drachm, year 18 (= 133/134), Alexandria (Aegyptus); 26.48 g. Draped bust r. with laurel wreath // Isis Pharia stands r. with a billowing sail, in front of it Pharos. Dattari 1767; Goats 1124; Kampmann / Ganschow 32,589; RPC 5895. </i></p><p><i><br /></i></p><p><i>Ex. MM 13, June 17-19, 1954, lot 946</i>[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 8323415, member: 44357"]My bid was 50x estimate but I bought it for a mere 26x (a bargain!) I paid a record price for the type but their estimate was laughable. Some auction houses try to make it seem as if their marketing/positioning is the cause of incredible hammers; I'd instead counter saying that an auction house doesn't have a fairly accurate feel of where coins will sell and consistently dramatically under or over-estimates, they're either being deliberately misleading, lazy, out of touch, or all three. [ATTACH=full]1474764[/ATTACH] [I]Æ-drachm, year 18 (= 133/134), Alexandria (Aegyptus); 26.48 g. Draped bust r. with laurel wreath // Isis Pharia stands r. with a billowing sail, in front of it Pharos. Dattari 1767; Goats 1124; Kampmann / Ganschow 32,589; RPC 5895. Ex. MM 13, June 17-19, 1954, lot 946[/I][/QUOTE]
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