[meteorite-list] a few other auction surprises

From: Mike Fowler <mqfowler_at_meteoritecentral.com>
Date: Thu, 8 Feb 2007 16:38:32 -0600
Message-ID: <0EB8EB86-C598-4024-98B0-AE99B6950A51_at_mac.com>

> There is a business reason that runs to the advantage of the
> auctioneer
> to keep the prices secret. If consigners don't realize that items
> sell for
> a fraction of normal prices, then they will be more likely to
> consign items
> to the next auction. If they think they will get very little, they
> won't.
>
> For the protection of buyers and sellers, the prices should be posted.
>
> Eric Twelker


If realized auction prices are abnormally low AND THEY ARE
PUBLICIZED, then next year there will be fewer consigners, and
MANY MORE BUYERS HOPING FOR A BARGAIN.

As a result of the prices being publicized, a more normal result
should be obtained the following year.

I rest my case.

Mike Fowler

Chicago
Received on Thu 08 Feb 2007 05:38:32 PM PST