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I have been watching tonight's action over at the Bruce Hershenson
Annex to the U.S. Mint and I don't know if some of these prices are "records",
but they are climbing way up there, that's for sure. And not just for the few
"premier" items either. The spending mania seems to have spread to all the lots.
Once again, Bruce is to be congratulated on mounting a super auction -- and it
will be going on for another 3 days!
But also, as usual, it was almost impossible to bid a reasonable
amount in this auction and actually win anything.
I can understand this high bidding mania when it comes to things like the
Universal Horror and other classic, high-end desirable pieces. We've all come to
accept that this will happen. But, c'mon folks, take a look at some of these
final bids on some of the more average "everyday" stuff:
... A nice poster, but it comes up fairly often. There was one up for auction on MoviePosterBid two weeks ago, very similar in condition, from a long-time, reliable, well-known seller with a starting price of $119.00 and there were no bidders. http://www.movieposterbid.com/itemdetl.asp?id=4470
...Originals of this one in excellent condition show up almost every week on eBay from reliable sellers. You've all seen them, and they go for $20.00 to $40.00
...Another one that pops up on eBay all the time. Again, $20 to 40 bucks, almost any week.
...While not exactly common, I was tracking this card on eBay last
week. It sold for $36.50. Again, from a long-time, reliable seller. Yes, there
is a condition variance between the two cards, but this much? http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=60331&item=3858584246&rd=1
Now there is no question that Bruce's operation does a great job
-- in presentation, promotion, execuction and shipping after the sale. But
so do a lot of other long-time, reliable sellers on eBay, MoviePosterBid and
elsewhere, including those who send their FA lists to MOPO and Style B every
week. Surely this "reliability factor" alone can't account for these steep
variances in prices from the "norm"?
Maybe I'm just out of the loop, but I can't understand why people will go
out of their way to bid each other up on this more common material and pay two,
three, four times what it normally sells for. Sometimes even more. It don't make
no sense to me, and I can only put it down to the kind of bidding madness that
sets in. What, do people get so upset that they were outbid on the $1,500 or
$3,000 item that they say, "Damn it, I'm gonna buy *something* from Bruce's
auctions tonight, no matter what it is or how much I have to pay for it!"
Is this really what happens?
Suffering from Shock and Awe,
-- JR
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