| Author |
 Replies: 19 / Views: 4,115 |
Page 2 of 2
|
|
|
|
Pillar of the Community
 Canada
9866 Posts |
We whine and complain about ebay and its sellers on this forum,yet we look forward to an auction conducted by those who allegedly switched coins in ICCS holders and were expelled from the CAND.Most of the coins,when you add the buyers fee,taxes, and shipping have start prices that are well above 70% of trends.The auctioneers estimates for virtually every lot make the ebay dreamers seem competent somehow.Sure,some bargains will be had,but just like ebay "caveat emptor" |
|
Pillar of the Community
 Canada
4944 Posts |
Quote:
yet we look forward to an auction conducted by those who allegedly switched coins in ICCS holders and were expelled from the CAND I have not heard of this.  Is there a article or something? I would be interested in reading up on that. |
|
Pillar of the Community
Canada
617 Posts |
Does anyone pay attention to the auctioneer's estimates?
|
|
Valued Member
423 Posts |
Quote:The auctioneers estimates for virtually every lot make the ebay dreamers seem competent somehow. That's a Canadian complement, by the way... lol... all around. I never checked it out before really. I want to at least see some nice examples of good things. How good is it at that? |
|
Pillar of the Community
Canada
1700 Posts |
I don't really like online auctions.
|
|
Pillar of the Community
Canada
1554 Posts |
Anyone find that the starting prices for the February Torex seems a bit high? Glenn  |
|
Pillar of the Community
Canada
9866 Posts |
Quote:
Most of the coins,when you add the buyers fee,taxes, and shipping have start prices that are well above 70% of trends |
|
Pillar of the Community
Canada
1166 Posts |
Even at the starting prices, if I add up everything I like, I'd need $30,000. Ain't gonna happen.
|
|
Pillar of the Community
Canada
2495 Posts |
I find their auctions way too high even to place a first bid!
Most of their auctions sell with only one bid - their own!
Nothing usually sells. Prices are way too high.
|
|
Pillar of the Community
Canada
2495 Posts |
Another point I'd like to add...
Why do they charge a buyers' and sellers' premium?
Think about it.
They own mostly all the coins in their auction.
The true purpose of Buyers and sellers premiums (or fees) are to generate income for the auction house when they are disposing of someone else's property.
But when the auction house owns the coins these fees are similar to 'double dipping'.
What a system!
That's why I say there's really no 'true' auctions out there anymore.
|
|
Pillar of the Community
Canada
3692 Posts |
Time to start our own auctions to compete with theirs? Maybe then they'll lower their fees to compete.
|
|
Pillar of the Community
Canada
3692 Posts |
So who's going this year? I'm thinking of going since I missed the last 1-2 Torex bourses. That $6 charge is what keeps me from going - it's one more coin I could have (at the very least). I used to go for silver but this year I'm gonna stick with anything that catches my eye + what I already collect.
|
|
Pillar of the Community
Canada
1554 Posts |
 Libertad, if you promise to come to this year's Torex, I'll not only pay your $6.00 entrance fee, I'll treat you to all you can eat/drink at your favourite watering hole!  Glenn Edited by glenzy1
02/12/2012 8:02 pm
|
|
Pillar of the Community
Canada
3692 Posts |
DONE! I'll hold you to that, you red-garb-wearing person, you!
|
|
Pillar of the Community
United States
1757 Posts |
Can't really say as I do not follow all that closely anymore - the old Torex Sales managed by Jeffrey Hoare and also having involvement with Warren Baker were fantastic. I agree high estimates and the whole FLAVOR of their catalouge is questionable. However I am from the United States but do have the finest cabinet of Canadian Blacksmith Tokens in the U.S.. So I can speak from experience ... it does seem that the value of these items is usually 50% of the estimates ... Dana Linett of the U.S. also uses this ploy ... print in high estimates to raise hammer values ... just my opinion. I still submit bids ... on occasion.
John Lorenzo
United States
|
|
Page 2 of 2
|
Replies: 19 / Views: 4,115 |
Page 2 of 2
|
First Page
Posted 02/03/2012 01:03 am
