[meteorite-list] AUCTION RESULTS - Blood and Lang

From: Matthias Bärmann <majbaermann_at_meteoritecentral.com>
Date: Thu, 8 Feb 2007 17:30:06 +0100
Message-ID: <002101c74b9e$64bcf6d0$0200a8c0_at_ibmtp23>

There's no proof of existence of "normal" and "unnormal" auctions.

The principle of auction is very clear and internationally accepted, any
auction is per definitionem "a special form of finding out the market values
of things". The final publication of auction results as confirmation of this
value is a main aspect of this principle. It is transparency which makes the
mechanism function.

Just my 1 Euro ;-)

Matthias Baermann



----- Original Message -----
From: "Jim Strope" <nwa482 at comcast.net>
To: <meteorite-list at meteoritecentral.com>
Sent: Thursday, February 08, 2007 4:52 PM
Subject: Re: [meteorite-list] AUCTION RESULTS - Blood and Lang


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


----- Original Message -----
From: "Matthias B?rmann" <majbaermann at web.de>
To: "Jim Strope" <nwa482 at comcast.net>; <meteorite-list at meteoritecentral.com>
Sent: Thursday, February 08, 2007 10:39 AM
Subject: Re: [meteorite-list] AUCTION RESULTS - Blood and Lang


> Hi Jim, list,
>
> I disagree. What concerns all important international auction houses the
> public posting of auction results is a matter of course.
>
> Auction prices are of course no indication of true market values: they a
> r e definitely a certain manifestation of market values themselves.
>
> Regards,
>
> Matthias Baermann
>
> ----- Original Message -----
> From: "Jim Strope" <nwa482 at comcast.net>
> To: "Meteorite Central" <meteorite-list at meteoritecentral.com>
> Sent: Thursday, February 08, 2007 3:57 PM
> Subject: [meteorite-list] AUCTION RESULTS - Blood and Lang
>
>
>>I agree with Michael Blood's position that the public posting of final
>> auction prices is a bad idea. Auction prices are NOT an indication of
>> true
>> market values, either high or low.
>>
>> Jim
>>
>> ----------------------------
>> Michael Farmer Wrote:
>>
>>>This is simple auction procedure. I will post my list
>>>first thing in the morning. I have the hammer prices
>>>for every last item.
>>
>>
>> Jim Strope
>> 421 Fourth Street
>> Glen Dale, WV 26038
>>
>> http://www.catchafallingstar.com/
>>
>> ______________________________________________
>> Meteorite-list mailing list
>> Meteorite-list at meteoritecentral.com
>> http://six.pairlist.net/mailman/listinfo/meteorite-list
>

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Received on Thu 08 Feb 2007 11:30:06 AM PST