Discussion in 'Ancient Coins' started by savitale, Mar 23, 2021.
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I haven't looked closely at the prices, but what I've seen is very very odd. The better coins--including your new Coelia, Steve--are mostly going reasonably enough, while absolutely humdrum examples of very common types are unfathomably strong. I think the speculation here about new or uninformed buyers is quite plausible.
Phil, I observed the same thing.
Thanks for pointing that out.
Lot 72, a Corinth stater, was a coin I sold about 6 months ago in Obolos 16 for CHF 850. I was very pleased with the result then, but I imagine the current consignee is even more pleased with the £1800 (~CHF 2300) that it just fetched. To get a full measure of how nutty hammers currently are, consider that the coin went unsold in a 2016 auction for a starting price of £280!
I've heard that a number of Chinese bidders who are new to the ancients market also recently made the switch from Heritage to CNG as they'd never previously heard of it, and it seems they've certainly found Roma now too. I hope a few of my favourite watering holes remain hidden a while longer, but at this point it seems unlikely, and I'm not sure whether to jump for joy that the hobby is alive and well or cry because it's cut my purchasing power by an order of magnitude!
I'll do you one better, this coin, lovely as it is, sold for 3750 USD last night after selling for 1240 USD at Roma last year, and only 430 USD at Leu 6 months prior to that! While I would gladly buy it at 430, and might be willing to go somewhere near 1240, I can't help but feel someone is going to feel sour about this one in a few years (or months....)
I only hope that the people bidding like this are at least buying for the history or art of some other facet of the coin itself. I can easily swallow losing out to a fellow collector, but the notion of speculators and investors cornering the market and locking out regular collectors certainly makes me feel otherwise....
Great coin, and with a control symbol I'm really fond of myself, but that price... I guess at least two well-heeled collectors really wanted it! The last time I won a coin in a CNG auction was 4 months ago. Sadly, I don't really even consider seriously bidding in their auctions these days.
One very nice denarius went unsold, altogether!
I would cry. These aren’t hobbyists shelling out this kind of cash. I just hope once the buyers realize the magnitude of their mistakes they don’t take it out on the coins!
This and a few others were just over estimated. This Victoriatus was hyped as "FDC" and notably discussed in another CT thread, but failed to get close to its 1750 GBP estimate. That it is perhaps the most common victoriatus issue in high grade did not escape the bidders. This lovely Q. Pomponius Musa was quite reasonably obtained at 1400 GBP against an estimate of 2000 GBP. There were a few exceptions but I thought most of the Roman republican lots were uncharacteristically (for Roma) estimated very high.
my own single win was had for almost double the estimate, but then it was the lowest estimate in the RR group.
I agree with this assessment. Additionally, the prices of some well-pedigreed examples are fairly weak and I'd say that a handful of the aurei were steals. This is perplexing as Kunker gold was strong. The coins aren't quite MS* 6/5-6/5 so it seems that recent bidders are more attracted to grade than other attributes.
I was watching this bid live and laughed out loud at the fool who dropped 4,000 on that coin. It was the result of a bidding war and clearly this guy had a rush of blood to the head.
Not too surprising, we buy coins because they’re pretty right?
The coin has a really nice portrait style and it is in marvelous condition but it is otherwise perhaps among the most common issues of the tetrarchy period, unless I'm just missing something.
Oh, only 14 times the estimate, then....
I don’t know what is most ridiculous; this bid, or my (only) pre bid on Kuenker, which was a measly 1.25 x estimate.
I could see if "new money" is attracted to the coins as pieces of Classical Art (as I sort of am) they would favor Greek.
This is currently for sale at $675 (the dealer markup price mind you!). Not a perfect match as he’s got a different outfit on the obverse, I believe it’s rarer. So yeah, hopefully the buyer in your comment doesn’t stumble on this thread for their own sanity.
This coin has the top four slots in ACSearch when sorting search results by hammer descending, the most recent sale of it (in ACSearch) being June of 2020. It is a lovely coin of fine style from the Trier mint. The markup reveals what is happening in the market these last few months.
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