[meteorite-list] Elliott Collection Sale Results

From: John Gwilliam <jkg2_at_meteoritecentral.com>
Date: Wed, 19 Aug 2009 08:27:39 -0700
Message-ID: <20090819152752.NAKB16492.fed1rmmtao101.cox.net_at_fed1rmimpo01.cox.net>

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" <mail at mhmeteorites.com>
>To: "Michael Fowler" <mqfowler at mac.com>;
><meteorite-list-bounces at meteoritecentral.com>;
><meteorite-list at 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-bounces at meteoritecentral.com
>>To: meteorite-list at 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
>>______________________________________________
>>http://www.meteoritecentral.com
>>Meteorite-list mailing list
>>Meteorite-list at meteoritecentral.com
>>http://six.pairlist.net/mailman/listinfo/meteorite-list
>>
>
>______________________________________________
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John Gwilliam

Too many people were born on third base
and go through life thinking they hit a triple.
Received on Wed 19 Aug 2009 11:27:39 AM PDT