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<p>[QUOTE=&quot;dougsmit, post: 8280156, member: 19463&quot;]There could be a case made that the most important bidder in an auction is the one that came in third.&nbsp; The winner may no longer want that type since he has one.&nbsp;&nbsp; The second place bidder may still be willing to bid that amount again but the price he will pay is not determined by him but by his competition.&nbsp; Auctions rely on there being several people interested in a coin and willing to pay more than the start price.&nbsp; A bidder who buys nothing but is first underbidder on many lots is more valuable to an auction than someone who bids on and wins just one lot.&nbsp; I always liked the Frank Robinson practice showing not only the price realized but the amount of the winning bid that would have had to be exceeded to win the coin.&nbsp; Otherwise, you never know if a $1 higher bid (or whatever the allowable increment was) would have done any good. </p><p><br /></p><p><br /></p><p><br /></p><p>Speaking as one of the oldest Baby Boomers (1946), I am well aware of the fact that the main contribution I have left to make to society is to kick the bucket.&nbsp; My father was early returning from the War in Europe (do the math) and the high school class the year after mine was considerably larger than mine.&nbsp; Each of us will have a different story and decide when or if we stop buying or start selling the coins we have had for 60 years.&nbsp; Sure there are many collectors left from the generation before us but the question remains as to who will buy all those coins stashed away by Boomers like me.&nbsp; Will it be my grandson?&nbsp; Unlikely.&nbsp; Will it be yours?&nbsp; Who was it here whose daughter was shocked that dear old dad paid good money for money you can&#039;t spend?&nbsp; Current prices are supported increasingly by a generation of people with disposable income and nothing better to do with it.&nbsp; Will the Millennials (1) have all that money when they retire and (2) want to spend it on &#039;money you can not spend&#039;?&nbsp; I don&#039;t care.&nbsp; I&#039;ll be dead.&nbsp; You?[/QUOTE]</p><p><br /></p>

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