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June Ira & Larry Goldberg Auction

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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.

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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.

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