What Claude said.
Phil
----- Original Message -----
From: Claude Litton
To: [email protected]
Sent: Sunday, July 13, 2008 1:14 PM
Subject: Re: [MOPO] O.k....Where do you stand?
I try not to get involved with nonsense but this is beyond me.
The buyer paid what he wrote a check for to a seller or the auction house.
The seller received what he got from the auction house in a check.
I just bought a poster from heritage for $1200 plus the buyers premium and
the shipping charge to be added. Anyone who thinks I paid less needs math
lessons.
If you are trying to value a poster based on prices hammered, prices realized
after additional charges,etc., you are tilting at windmills. Prices at any
given moment are only an indication of the values at that particular time and a
"guide" for the future. There is a major difference between an auction house
that advertises well in advance, publishes a beautiful book and holds a live
auction which includes bidders from all over via telephone, the floor, the
internet and faxes, as opposed to a person not known (ebay hides sellers
identities) who puts a poster on ebay for a week and hopes at least two people
will engage in a bidding war.
CJL
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