Did anyone follow the auction on the 1938 Pr67Cam Jeff?

badger

The 1938 cameo Jeff was up for auction at Heritage in several venues. I find the action interesting and yet disturbing. The coin went on sale with significant interest as indicated by the number of bidders (8-10 people as I remember). The coin was bid to about $9.5k and needed one bid to meet reserve. The coin did not sale, but went to Make An Offer. The coin did not sell. If I bid a coin up to that level, I would take advantage of the MAO.

Then the coin was for sale for $12k flat. No sale.

Then the coin was internet auctioned and again reached $9.9k with one bid needed to meet reserve. No sale, but went on after sale again with no takers.

How would you explain this pattern?

Cam40

remarkable

keets

one of two things, either the bidders are very disciplined and have set a top limit or it's been pushed to the $10K point by shills.

al h.

pharmer

Nice chronology, eye-opening. I have noticed quite a few items on Heritage get to around the sales average re: their sales history list, and just by coincidence are at the next bid meets reserve mark. I'm sure Keets is right, and maybe there are other explanations also. By chance I was checking sales history on Teletrade generically for an item I am following in the Frog Run (?) auction, and the exact same coin was in the Teletrade history list, from a fairly recent Teletrade auction.