AUCTION HOUSES FOR CURRENCY - WHY?
When collectors own notes and go to sell, it is generally accepted that their best sales will occur at one of the top 3 auctions. Real buyers meet Real sellers, deals are done without hesitation, funds are exchanged for collectibles.
But is that the way it must be?
Isn't it the collectors that are selling and there are other collectors that are the buyers? Generally the Buy and Sell forums are low volume and perhaps not a seller's first choice by reputation for lingering, but why?
On two other hobby forums, both cars, the forums have added a Classifieds section and in just 4 years it is now the Got-To place for purchases. Dealers are attracted and charged a fee to be a member. Auctions are morphing into high end entertainment that saavy collectors enjoy watching, while real world collector-to-collector happen on the forums.
I don't see that in currency - is it an artifact that we are somewhat compartmentalized or the nature of security?