What do you think of Stack's innovative Dutch Auction for ABNCo plates coming up in May?
Longacre
Posts: 16,717 ✭✭✭
I got the following email from Stack's. What do you think of this Dutch Auction idea? Does the auction set a ceiling in the future of $450 for similar items, and thus might hurt Stack's in the long run?
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A Special "Dutch Auction" of American Bank Note Company Plates Starting Sunday, May 13th!
In connection with our extensive offering of treasures from the Archives of the American Bank Note Company (ABNCo), Stack’s is pleased to present a “Dutch Auction.” We invite you to participate on our website, www.stacks.com. Listed will be nearly 500 engraved steel vignette and title plates, mostly ranging in size from about playing card and postcard size, upward, each to be described and illustrated. These were created as part of the production process for everything from bank notes (in some cases) to just about any other printed form that would have included the title of the bank, and more.
Offered are titles, blocks, headings, and other original security printing vignettes for obsolete bank notes, National Bank notes, bank and commercial documents, stock certificates of various companies in trade and manufacture, and other interesting items. To date, our offering of related items (nearly all are unique) has created a sensation in the world of bank notes, engraving history, and Americana. There has never been an offering like it, and once the items are sold, no similar sale will ever occur again!
From 1858 onward, ABNCo was the leading printer of currency for state chartered banks, federal paper money (before the Bureau of Engraving and Printing took over the work), stock certificates, security documents, stamps, and more. It cannot be overemphasized that nearly all of these are absolutely unique—one of a kind—once sold, not replaceable at any price, unless the owner decides to part with an item. Each steel (usually) or copper vignette plate will be assigned a lot number, and illustrated on the Internet at www.stacks.com.
Beginning on Sunday, May 13 (Mother’s day) at noon EST, each item will be available on a first come, first served basis at $450. All you have to do is be the first one to put an item your shopping cart and follow the checkout instructions to be successful. In each instance the first order we confirm will be the successful buyer. Then starting at noon on Sunday, May 20th, similar to the famous Dutch flower auctions, we will reduce the price of each plate still available by $25 every day at noon EDT until all the lots are gone. Minimum price during the final days will be $50 and each will have an additional shipping and handling fee included on the invoice. See our website for details.
Plan now to be a part of one of the most treasure-laden, most interesting, most memorable Internet sale offerings ever made!
**************
A Special "Dutch Auction" of American Bank Note Company Plates Starting Sunday, May 13th!
In connection with our extensive offering of treasures from the Archives of the American Bank Note Company (ABNCo), Stack’s is pleased to present a “Dutch Auction.” We invite you to participate on our website, www.stacks.com. Listed will be nearly 500 engraved steel vignette and title plates, mostly ranging in size from about playing card and postcard size, upward, each to be described and illustrated. These were created as part of the production process for everything from bank notes (in some cases) to just about any other printed form that would have included the title of the bank, and more.
Offered are titles, blocks, headings, and other original security printing vignettes for obsolete bank notes, National Bank notes, bank and commercial documents, stock certificates of various companies in trade and manufacture, and other interesting items. To date, our offering of related items (nearly all are unique) has created a sensation in the world of bank notes, engraving history, and Americana. There has never been an offering like it, and once the items are sold, no similar sale will ever occur again!
From 1858 onward, ABNCo was the leading printer of currency for state chartered banks, federal paper money (before the Bureau of Engraving and Printing took over the work), stock certificates, security documents, stamps, and more. It cannot be overemphasized that nearly all of these are absolutely unique—one of a kind—once sold, not replaceable at any price, unless the owner decides to part with an item. Each steel (usually) or copper vignette plate will be assigned a lot number, and illustrated on the Internet at www.stacks.com.
Beginning on Sunday, May 13 (Mother’s day) at noon EST, each item will be available on a first come, first served basis at $450. All you have to do is be the first one to put an item your shopping cart and follow the checkout instructions to be successful. In each instance the first order we confirm will be the successful buyer. Then starting at noon on Sunday, May 20th, similar to the famous Dutch flower auctions, we will reduce the price of each plate still available by $25 every day at noon EDT until all the lots are gone. Minimum price during the final days will be $50 and each will have an additional shipping and handling fee included on the invoice. See our website for details.
Plan now to be a part of one of the most treasure-laden, most interesting, most memorable Internet sale offerings ever made!
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
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Comments
If your not familar with them they work like this..
a large lot of flowers is brought out..
there is an opening price.. the price falls steadily until they are all gone. Bid early and you pay too much.. wait too long and you can come away with nothing
90% of the cut flowers that end up in the US go across the auction block that way.
"I am sorry you are unhappy with the care you recieved, is their anything I can do for you right now, how about some high speed lead therapy?" - A qoute from my wife's nursing forum
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." – Thomas Jefferson
I think that it was poor timing to run a competitive, internet-based auction on Mother's Day at noon. Most wives/mothers are already fed up with the coin crap. I think I would have to wear protective gear before appraching Mrs. RYK and informing her that I cannot commit to brunch on Mother's Day because of the conflict with the Stack's dutch auction.
<< <i>RYK, you need a mobile internet device. I'm sure you can manage brunch and bidding at the same time. >>
Good idea! I will use Mrs. RYK's Blackberry.
<< <i>
<< <i>RYK, you need a mobile internet device. I'm sure you can manage brunch and bidding at the same time. >>
Good idea! I will use Mrs. RYK's Blackberry.
I didn't even realize it was Mother's Day. I would have been in the dog house. Thanks, RYK, for reminding me!!
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>I didn't even realize it was Mother's Day. >>
Hard to forget arround here.. its Mother's Day and my oldest son's 18th birthbay
"I am sorry you are unhappy with the care you recieved, is their anything I can do for you right now, how about some high speed lead therapy?" - A qoute from my wife's nursing forum
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." – Thomas Jefferson