I’m so old I remember when US auctions..,

MrEureka

…got crowds like this!

The MISAB auction In Stockholm today. I just wonder how many of these guys will go home after the free lunch. 😆

RSP

Those were the days. Sometimes amusing or funny things happened. RSP

MrEureka

The best part about attending auctions back then was that you could learn so much by watching people bid. In fact, I think I learned more at auctions than at coin shows.

Nap

Ah, no wonder the online bidding software would freeze for a few seconds, then the bid would jump six increments. Must’ve been some action on the floor.

bidask

" The MISAB auction In Stockholm today. "

Please tell us some highlights

coinkat

Great post- alot to think about here... seriously... even if you think I am joking

tcollects

@MrEureka said:
The best part about attending auctions back then was that you could learn so much by watching people bid. In fact, I think I learned more at auctions than at coin shows.

what kinds of things would you learn about watching people bid?

MrEureka

@tcollects said:

@MrEureka said:
The best part about attending auctions back then was that you could learn so much by watching people bid. In fact, I think I learned more at auctions than at coin shows.

what kinds of things would you learn about watching people bid?

Good question. If you don't know the people, you can't learn much by watching them bid. But if you do know the people, know how much you do or don't respect their knowledge and their eye, know what you think of their sense of value, know how aggressive they are (or aren't), know what you think of their purchases most of the time (because you've seen them bid so many times before), etc, you can gather a lot of information by when and if their hands go up in the auction room, and when they go down. Not just information about the coins, but about about who's likely to buy the coins you have to sell, and about market levels and trends. And, obviously, the more bidders you recognize and know, the more information you can gather.

pruebas

@MrEureka said:

@tcollects said:

@MrEureka said:
The best part about attending auctions back then was that you could learn so much by watching people bid. In fact, I think I learned more at auctions than at coin shows.

what kinds of things would you learn about watching people bid?

Good question. If you don't know the people, you can't learn much by watching them bid. But if you do know the people, know how much you do or don't respect their knowledge and their eye, know what you think of their sense of value, know how aggressive they are (or aren't), know what you think of and their purchases most of the time (because you've seen them bid so many times before), etc, you can gather a lot of information by when and if their hands go up in the auction room, and when they go down. Not just information about the coins, but about about who's likely to buy the coins you have to sell, and about market levels and trends. And, obviously, the more bidders you recognize and know, the more information you can gather.

That's why more and more people bid on their phone/tablet/laptop, even while in the auction room.

MrEureka

@pruebas said:

@MrEureka said:

@tcollects said:

@MrEureka said:
The best part about attending auctions back then was that you could learn so much by watching people bid. In fact, I think I learned more at auctions than at coin shows.

what kinds of things would you learn about watching people bid?

Good question. If you don't know the people, you can't learn much by watching them bid. But if you do know the people, know how much you do or don't respect their knowledge and their eye, know what you think of their sense of value, know how aggressive they are (or aren't), know what you think of and their purchases most of the time (because you've seen them bid so many times before), etc, you can gather a lot of information by when and if their hands go up in the auction room, and when they go down. Not just information about the coins, but about about who's likely to buy the coins you have to sell, and about market levels and trends. And, obviously, the more bidders you recognize and know, the more information you can gather.

That's why more and more people bid on their phone/tablet/laptop, even while in the auction room.

True, although there are many situations where it can be advantageous to be seen bidding on a coin.