Auction Worries - Coin Community Forum

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Author	Replies: 5 / Views: 891
NumisMattyUk Pillar of the Community United Kingdom 2217 Posts	Posted 10/23/2008 07:59 am My first auction comes up soon - Lockdales, 16th November and I'm a little worried because I had some nice bargains I decided to send them because I thought the values they would be likely to reach would be significantly higher than what they could sell them for, being a quality auction house? Having seen the online catalogue I am a little miffed! They have my 1762 maundy 3d. down at estimate 25 GBP?! and they estimate it's grade as aFDC! Yikes! I have four lots in total, including a lot full of 89 coins! estimated at 240 GBP (the lower estimate of 180 seems to be reserve). Does anyone know much about auctions i.e. are these values realistic or just set to tempt potential buyers? My lots at Lockdales are 163, 304, 1033 and 1143. Please look, if you have time! www.lockdales.com Edited by NumisMattyUk 10/23/2008 08:02 am Report this Post to the Staff

latman100 Pillar of the Community Australia 1040 Posts	Posted 10/24/2008 01:37 am If the UK auctions are anything like the Aussie auctions, estimates are way way too low. The only auction item I won I had to bid 3 times the estimate to get. Report this Post to the Staff
NumisMattyUk Pillar of the Community United Kingdom 2217 Posts	Posted 10/24/2008 02:49 am Huahaha!... Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 10/26/2008 10:48 pm Advances are based on reserves. Since they don't want to lend money and then have the lots not sell for enough to repay, they tend to estimate low. Let us know how it goes. Report this Post to the Staff
t360 Pillar of the Community United States 2703 Posts	Posted 10/26/2008 11:16 pm In the European auctions that I typically bid in, the estimates are ridiculously low. Report this Post to the Staff
NumisMattyUk Pillar of the Community United Kingdom 2217 Posts	Posted 10/27/2008 2:06 pm I'll let you know - it's on Nov 16th..wish me luck :/ Report this Post to the Staff
	Replies: 5 / Views: 891

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