This is very typical of auctions for just about anything, it is not
unique to meteorites. I've been to antique auctions where high
priced items got passed over while low end things got fought over.
Same is true for horses and cattle (which I have personal knowledge of).
Next time you bid at an auction, especially a live one, pay attention
to what goes on inside your head. Most people have a "limit" of how
much they will bid per increment and also what price they will drop
out. However, it's easy to get sucked into bidding $10 or $20 or $50
more than you your original plan. It's easy to "twenty dollar
yourself to death" at auctions. In my opinion, it's easier to justify
bidding on twenty $50 items rather than one $1,000 item even though
they have the same total value. Auction bidding can get addictive.
Best,
John Gwilliam
At 12:25 AM 8/19/2009, Jeff Kuyken wrote:
Same here Matt. And one thing I noticed was the larger more
expensive pieces getting fewer bids and going for relatively bargain
prices (or did not sell) while many smaller items seemed to push
well beyond the original estimate with very active bidding.
Cheers,
Jeff
----- Original Message ----- From: "Matt Morgan" <m...@mhmeteorites.com>
To: "Michael Fowler" <mqfow...@mac.com>;
<meteorite-list-boun...@meteoritecentral.com>;
<meteorite-list@meteoritecentral.com>
Sent: Wednesday, August 19, 2009 3:39 AM
Subject: Re: [meteorite-list] Elliott Collection Sale Results
I bid on several, only to lose the 5 of the items by 100 pounds.
Frustrating. Wish there was a better interface for this auction.
Matt
------Original Message------
From: Michael Fowler
Sender: meteorite-list-boun...@meteoritecentral.com
To: meteorite-list@meteoritecentral.com
Cc: Michael Fowler
Subject: Re: [meteorite-list] Elliott Collection Sale Results
Sent: Aug 18, 2009 11:38 AM
<http://www.lyonandturnbull.com/asp/searchresults.asp?pg=1&ps=25&st=D&sale_no=262++++>
>
Thanks Matt,
My take on the results is that the auction was very well bid with many
items selling for fair to high prices. I bid on one lot at more than
twice the high estimate, and did not get it.
Perhaps Michael Blood will comment on this auction in an upcoming
"Meteorite Market Trends".
Mike Fowler
Chicago
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Matt Morgan
Mile High Meteorites
http://www.mhmeteorites.com
P.O. Box 151293
Lakewood, CO 80215 USA
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John Gwilliam
Too many people were born on third base
and go through life thinking they hit a triple.
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