I'm surprised that Legend-Morphy...
coindeuce
Posts: 13,496 ✭✭✭✭✭
...only has a 2 week lead in from consignment deadline to live internet only auction. I know that with the level of quality that they want to offer, many prospective bidders need a fair amount of time to prep in more ways than one. Just sayin'.
Consignment deadline: October 8, 2013
Internet only auction: October 21, 2013
Consignment deadline: October 8, 2013
Internet only auction: October 21, 2013
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
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Comments
I'm not sure what you mean. Please explain.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I know that with the level of quality that they want to offer, many prospective bidders need a fair amount of time to prep in more ways than one.
I'm not sure what you mean. Please explain. >>
Wardrobe? Makeup?
Coin Rarities Online
Frankly, it took me about ten minutes to peruse their last internet only auction. I am not sure how much lead time I need for it.
<< <i>I know that with the level of quality that they want to offer, many prospective bidders need a fair amount of time to prep in more ways than one.
I'm not sure what you mean. Please explain. >>
Arranging finances might be one, esp. if a potential sale of their coin/s is involved. Not everyone sits around flush with excess cash.
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<< <i>I know that with the level of quality that they want to offer, many prospective bidders need a fair amount of time to prep in more ways than one.
I'm not sure what you mean. Please explain. >>
Arranging finances might be one, esp. if a potential sale of their coin/s is involved. Not everyone sits around flush with excess cash. >>
Should ebay auctions, some of which are at much higher price points than the L-M internet auctions, also be required to be longer in duration (so that people can arrange financing)?
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<< <i>
<< <i>I know that with the level of quality that they want to offer, many prospective bidders need a fair amount of time to prep in more ways than one.
I'm not sure what you mean. Please explain. >>
Arranging finances might be one, esp. if a potential sale of their coin/s is involved. Not everyone sits around flush with excess cash. >>
Should ebay auctions, some of which are at much higher price points than the L-M internet auctions, also be required to be longer in duration (so that people can arrange financing)? >>
Not relevant since the OP was talking about lead time and not auction duration once the the items go live. Are L-M listings available for preview once the consignment deadline date has come and gone? Also for eBay, duration is controlled by the individual lister and not eBay itself.
<< <i>The internet only auction is a competitive space, and one of the ways that they may need to compete is time. I know that if I consign the coin to an ebay reseller or to Great Collections, from the time I mail my coins out to the time I receive my check, it is often between two or three weeks. Perhaps they are aiming to serve this segment of the market, as well.
Frankly, it took me about ten minutes to peruse their last internet only auction. I am not sure how much lead time I need for it. >>
I see L-M has a consignment deadline of today for their next internet only auction. Will I be able to preview items starting tomorrow?
<< <i>Arranging finances might be one, esp. if a potential sale of their coin/s is involved. Not everyone sits around flush with excess cash. >>
This was my exact first thought after reading the OP. If say a super rare and expensive piece was listed, more time, in theory, could possibly net the consigner and auction house more $$$ beign the buyers have more time to find the piece, gather the appropriate funds, and get in early on the bidding.
In theory.......at least to me it would.
Too many positive BST transactions with too many members to list.
<< <i>More of a factor if live viewing/bidding is an issue, unless you're going to be there anyway. >>
He is talking about their internet only auctions and I don't know if live viewing is easily available for those.
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<< <i>Arranging finances might be one, esp. if a potential sale of their coin/s is involved. Not everyone sits around flush with excess cash. >>
This was my exact first thought after reading the OP. If say a super rare and expensive piece was listed, more time, in theory, could possibly net the consigner and auction house more $$$ beign the buyers have more time to find the piece, gather the appropriate funds, and get in early on the bidding.
In theory.......at least to me it would. >>
Not sure that an internet only auction would be the best venue for a rare and expensive piece.
<< <i>I know that with the level of quality that they want to offer, many prospective bidders need a fair amount of time to prep in more ways than one.
I'm not sure what you mean. Please explain. >>
I would expect that your preparation for Dix-Noonan-Webb involved more than two weeks lead time.
Perhaps the catalog for this sale will prove my point to be moot. I hope the catalog becomes available on the 8th or very soon after. So far, their listings for the live floor auctions have been remarkable.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
I suspect that most of LMs bidders do not require a lead time for these sessions - I count only 3 lots out of 115 in their first Internet session that cracked $5k.
As a potential consignor, the idea of more bidding is more appealing.
<< <i>"As a consignor, the idea of a quick turnaround is very appealing."
As a potential consignor, the idea of more bidding is more appealing. >>
No doubt, and if there are deficiencies in bidding activity, I am sure LM will adjust their timeline.