[meteorite-list] Re: Blood Auction Results

From: fcressy <fcressy_at_meteoritecentral.com>
Date: Fri Feb 18 13:13:51 2005
Message-ID: <002b01c515e5$f4e6aee0$c9caf604_at_g10fb>

Hello all,

Thought I'd make a couple of observations about Michael Blood's auction. I
was both a seller and a buyer. Although 137 items were listed on line,
Michael actually auctioned 169 items because of last minute material brought
in.

As a seller I had eleven items in the auction and wrote down my estimate as
to what I thought each would bring. None had a reserve. I estimated in
total, they would bring in about $1000. On my individual items, I estimated
correctly half of the time, estimated low about 10%, and estimated high on
about 40%. Luckily, my low estimate item sold for about twice what I
estimated, so overall, I made what I'd estimated.

As a buyer, I was mainly interested in a single item...especially as I'd
already been in Tucson for a couple of days and had already blown my budget
;-)
I know that several other people attending the auction were also only
interested in only one or two pieces. However, that is not to say we did
not bid on other lots. I bid on probably a dozen other lots and would have
been happy if I'd gotten them. However I quit my bidding on those fairly
early as they were not my main focus.

In general, I can supply these observations:

1. NWA items or relatively common items with a reserve generally did not
sell.
2. Items that cannot be found on ebay did well.
3. Most people had already spent many $$$$$$ prior to the auction and knew
that Al
    Lang's auction was the next day.
4. Most items sold went for less than $250.

My 2 cents,
Frank
Received on Fri 18 Feb 2005 01:16:23 PM PST