porcupine Posted June 8, 2011 Report Share Posted June 8, 2011 I just checked the results of Ira & Larry Goldberg Auction and looks like many Russian coins didn't sell. Were the estimates too high and scared off potential bidders? Does anybody have any insights? Did anybody attend the auction or participate by mail or internet? Just kinda curious where the market might be headed. Link to comment Share on other sites More sharing options...
IgorS Posted June 9, 2011 Report Share Posted June 9, 2011 The reserves were much higher than the estimates. Link to comment Share on other sites More sharing options...
BKB Posted June 9, 2011 Report Share Posted June 9, 2011 I think the reserves were obscenely high. Some prices were so high it was funny, like that 1771 S pattern. Link to comment Share on other sites More sharing options...
Saor Alba Posted June 9, 2011 Report Share Posted June 9, 2011 It was an interesting viewing, but the reserves were a major put off when they were so out of line with estimates. IMHO estimates are relative - a knowledgeable collector takes them with a grain of salt. I have bought items at fractions of estimates, all the while paying multiples of others because of general knowledge of what something is trading at. Link to comment Share on other sites More sharing options...
porcupine Posted June 10, 2011 Author Report Share Posted June 10, 2011 Interesting. thank you guys for the info. Link to comment Share on other sites More sharing options...
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