[meteorite-list] AUCTION RESULTS - Blood and Lang

From: Moni Waiblinger-Seabridge <moni2555_at_meteoritecentral.com>
Date: Thu, 08 Feb 2007 08:31:25 -0800
Message-ID: <BAY119-F2737703FF775655B0B2B28CD9D0_at_phx.gbl>

Hi Jim and All,

I also go to an auction and it is the same as you describe.
I think if you have to wait until all the auction is done, it is simply
because there isn't enough staff.
At the auction I attend, there is two auctioneers that take turns and then
about three people helping with showing, putting the items on the back table
and as you wrote, getting the items and handing them to the winner after his
purchase.

Also if someone has called in a bid, the auctioneer just starts with that
price and if he gets more, then the other bidder who bid higher wins the
item.

With best regards,
Moni



>From: "Jim Strope" <nwa482 at comcast.net>
>To: <meteorite-list at meteoritecentral.com>
>Subject: Re: [meteorite-list] AUCTION RESULTS - Blood and Lang
>Date: Thu, 8 Feb 2007 10:52:15 -0500
>
>While I agree with you in principle for big professional auction houses,
>you
>need to attend an auction in Denver or Tucson before reserving judgement.
>Some of them are very informal and not like a normal auction situation.
>
>In at least one auction that I attended, the procecure is unlike a normal
>auction in such a way that tends to depresses the prices in my opinion.
>
>For example, in a normal auction if I buy item number 10 out of 200 items
>offered and
>want to go home, then I just check out, pay and go home. At at least one
>Tucson auction that I attended,
>I would have to wait until the end of the auction to pay and then pay in
>bidder number order. So instead of going home at 8:00 when I am done
>buying
>I have to wait until until all bidding on all items is completed before I
>can go home which could be well after midnight. This makes it so that
>people don't tend to bid unless they REALLY, REALLY want the item. So
>prices are certainly
>not representative to prices much may have been realized in one of the big
>auction houses.
>
>Just my two cents...........
>
>Jim Strope
>421 Fourth Street
>Glen Dale, WV 26038
>
>http://www.catchafallingstar.com
>

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Received on Thu 08 Feb 2007 11:31:25 AM PST