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Coin auctions don't become fun until passion overcomes logic.

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  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited August 22, 2019 12:55PM

    @steveben said:
    i love auctions. there is the "thrill of victory and the agony of defeat," but that's what makes it fun.

    when i get outbid, i console myself by reaffirming a couple of things:

    • i gave my best effort
    • i feel i made the other person overpay for it
    • i made coins i like collecting worth more

    have fun bidding, even when you are outbid!

    Instead of this:

    "i feel i made the other person overpay for it"

    you could think:

    "i feel i made the other person express their passion and have fun" ;)

  • stevebensteveben Posts: 4,638 ✭✭✭✭✭

    Instead of this:

    "i feel i made the other person overpay for it"

    you could think:

    "i feel i made the other person express their passion and have fun" ;)

    even better.

  • WinLoseWinWinLoseWin Posts: 1,696 ✭✭✭✭✭

    .
    .
    Here is the video from that article.

    They sure do get a much higher floor attendance than at coin auctions these days.

    That is one major foul-up. Has there ever been anything comparable at a major coin auction?

    .
    .

    https://www.instagram.com/tv/B1TA6h0gqRK/?utm_source=ig_embed

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited August 23, 2019 6:59AM

    @WinLoseWin said:

    .
    .
    Here is the video from that article.

    They sure do get a much higher floor attendance than at coin auctions these days.

    That is one major foul-up. Has there ever been anything comparable at a major coin auction?

    .
    .

    https://www.instagram.com/tv/B1TA6h0gqRK/?utm_source=ig_embed

    Childs-Pogue 1804 $1 - transparently clumsy and stupid shill-bidding by the Pogues :'(

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • WinLoseWinWinLoseWin Posts: 1,696 ✭✭✭✭✭

    @ColonelJessup said:

    @WinLoseWin said:

    .
    .
    Here is the video from that article.

    They sure do get a much higher floor attendance than at coin auctions these days.

    That is one major foul-up. Has there ever been anything comparable at a major coin auction?

    .
    .

    https://www.instagram.com/tv/B1TA6h0gqRK/?utm_source=ig_embed

    Childs-Pogue 1804 $1 - transparently clumsy and stupid shill-bidding by the Pogues :'(

    Thought about that one, though that was intentional.

    And yet from watching the video of the 1804 sale, it was perhaps the most similar in that some were thinking a new record was going to be set.

    People in the know had already posted here that it and the 1822 $5 were not going to be allowed to sell. Watching live video I even thought maybe they were wrong and each was going sell, until the word "Passed" was announced.

    It was kind of an antidote to auction fun.

    At least Pogue withheld from future auction other coins that were not going to be sold such as the 1854-S $5 and the 1841 $2.50 Proof and maybe some others that were listed in the Pogue book.

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • jmlanzafjmlanzaf Posts: 36,621 ✭✭✭✭✭

    @WinLoseWin said:

    @ColonelJessup said:

    @WinLoseWin said:

    @lkeigwin said:
    Sometimes auction houses add their own dose of excitement.
    Lance.

    People in the know had already posted here that it and the 1822 $5 were not going to be allowed to sell. Watching live video I even thought maybe they were wrong and each was going sell, until the word "Passed" was announced.

    It was kind of an antidote to auction fun.

    At least Pogue withheld from future auction other coins that were not going to be sold such as the 1854-S $5 and the 1841 $2.50 Proof and maybe some others that were listed in the Pogue book.

    It is kind of odd. Seems like whoever is running the screen was actually typing in the numbers s/he thought they heard? Frankly, based on the bid intervals, the auctioneer was saying six-teen not six-ty because the bid intervals were $500k and then the screen jumped $9.5 million on the next bid.

    I'm just surprised that for interval bidding like that the process isn't more automated - like the HA online screen that has interval and half-interval buttons which automatically advance the price.

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