Re: [meteorite-list] Elliott Collection Sale Results

2009-08-19 Thread Darryl Pitt 




Greetings:

What John just mentioned about sticking to a limit prior to an auction  
is some of the very best advice you will ever receive as it regards  
the auction environment.  Do not compete with others---stick to the  
number you've determined that works for you.


In the same spirit, here is another bit of advice:  do not be daunted  
by high estimates.  So often I've heard friends mention "I can't  
believe so-and-so went for so little." Take the trouble of putting in  
a low bid, you might just have snagged an unbelievable bargain.



Hope everyone is enjoying their summer.All best / Darryl




On Aug 19, 2009, at 11:27 AM, John Gwilliam wrote:

This is very typical of auctions for just about anything, it is not  
unique to meteorites.  I've been to antique auctions where high  
priced items got passed over while low end things got fought over.  
Same is true for horses and cattle (which I have personal knowledge  
of).


Next time you bid at an auction, especially a live one, pay  
attention to what goes on inside your head.  Most people have a  
"limit" of how much they will bid per increment and also what price  
they will drop out. However, it's easy to get sucked into bidding  
$10 or $20 or $50 more than you your original plan.  It's easy to  
"twenty dollar yourself to death" at auctions. In my opinion, it's  
easier to justify bidding on twenty $50 items rather than one $1,000  
item even though they have the same total value.  Auction bidding  
can get addictive.


Best,

John Gwilliam


Depth of Field Management  | 1501 Broadway  Suite 1304  |  New York,  
New York  10036  |  212.302.9200






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Re: [meteorite-list] Elliott Collection Sale Results

2009-08-19 Thread Galactic Stone & Ironworks 
Jeff nailed it.  The smaller items had a larger pool of bidders who
could afford them - so bidding was more competitive.  The larger items
appealed only to a smaller pool of monied collectors - so the bidding
was more subdued.  It usually happens that way with these types of
auctions.  The ones who can afford it the most, get the bargains,
while the petty bidders pay the most.

On 8/19/09, Jeff Kuyken  wrote:
> Same here Matt. And one thing I noticed was the larger more expensive pieces
> getting fewer bids and going for relatively bargain prices (or did not sell)
> while many smaller items seemed to push well beyond the original estimate
> with very active bidding.
>
> Cheers,
>
> Jeff
>
>
> - Original Message -
> From: "Matt Morgan" 
> To: "Michael Fowler" ;
> ;
> 
> Sent: Wednesday, August 19, 2009 3:39 AM
> Subject: Re: [meteorite-list] Elliott Collection Sale Results
>
>
>>I bid on several, only to lose the 5 of the items by 100 pounds.
>>Frustrating.  Wish there was a better interface for this auction.
>> Matt
>> --Original Message--
>> From: Michael Fowler
>> Sender: meteorite-list-boun...@meteoritecentral.com
>> To: meteorite-list@meteoritecentral.com
>> Cc: Michael Fowler
>> Subject: Re: [meteorite-list] Elliott Collection Sale Results
>> Sent: Aug 18, 2009 11:38 AM
>>
>> <http://www.lyonandturnbull.com/asp/searchresults.asp?pg=1&ps=25&st=D&sale_no=262
>> >
>>
>> Thanks Matt,
>>
>> My take on the results is that the auction was very well bid with many
>> items selling for fair to high prices.  I bid on one lot at more than
>> twice the high estimate, and did not get it.
>> Perhaps Michael Blood will comment on this auction in an upcoming
>> "Meteorite Market Trends".
>>
>> Mike Fowler
>> Chicago
>> __
>> http://www.meteoritecentral.com
>> Meteorite-list mailing list
>> Meteorite-list@meteoritecentral.com
>> http://six.pairlist.net/mailman/listinfo/meteorite-list
>>
>>
>> Matt Morgan
>> Mile High Meteorites
>> http://www.mhmeteorites.com
>> P.O. Box 151293
>> Lakewood, CO 80215 USA
>> __
>> http://www.meteoritecentral.com
>> Meteorite-list mailing list
>> Meteorite-list@meteoritecentral.com
>> http://six.pairlist.net/mailman/listinfo/meteorite-list
>>
>>
>
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-- 
.
Michael Gilmer (Florida, USA)
Member of the Meteoritical Society.
Website - http://www.galactic-stone.com
Personal Site - http://www.glassthrower.com
FaceBook - http://www.facebook.com/galacticstone
MySpace - http://www.myspace.com/fine_meteorites_4_sale
Twitter - Twitter - http://twitter.com/GalacticStone
eBay - http://shop.ebay.com/merchant/maypickle
..
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Re: [meteorite-list] Elliott Collection Sale Results

2009-08-19 Thread John Gwilliam 
This is very typical of auctions for just about anything, it is not 
unique to meteorites.  I've been to antique auctions where high 
priced items got passed over while low end things got fought over. 
Same is true for horses and cattle (which I have personal knowledge of).


Next time you bid at an auction, especially a live one, pay attention 
to what goes on inside your head.  Most people have a "limit" of how 
much they will bid per increment and also what price they will drop 
out. However, it's easy to get sucked into bidding $10 or $20 or $50 
more than you your original plan.  It's easy to "twenty dollar 
yourself to death" at auctions. In my opinion, it's easier to justify 
bidding on twenty $50 items rather than one $1,000 item even though 
they have the same total value.  Auction bidding can get addictive.


Best,

John Gwilliam

At 12:25 AM 8/19/2009, Jeff Kuyken wrote:
Same here Matt. And one thing I noticed was the larger more 
expensive pieces getting fewer bids and going for relatively bargain 
prices (or did not sell) while many smaller items seemed to push 
well beyond the original estimate with very active bidding.


Cheers,

Jeff


- Original Message - From: "Matt Morgan" 
To: "Michael Fowler" ; 
; 


Sent: Wednesday, August 19, 2009 3:39 AM
Subject: Re: [meteorite-list] Elliott Collection Sale Results


I bid on several, only to lose the 5 of the items by 100 pounds. 
Frustrating.  Wish there was a better interface for this auction.

Matt
--Original Message--
From: Michael Fowler
Sender: meteorite-list-boun...@meteoritecentral.com
To: meteorite-list@meteoritecentral.com
Cc: Michael Fowler
Subject: Re: [meteorite-list] Elliott Collection Sale Results
Sent: Aug 18, 2009 11:38 AM

<http://www.lyonandturnbull.com/asp/searchresults.asp?pg=1&ps=25&st=D&sale_no=262>  
>


Thanks Matt,

My take on the results is that the auction was very well bid with many
items selling for fair to high prices.  I bid on one lot at more than
twice the high estimate, and did not get it.
Perhaps Michael Blood will comment on this auction in an upcoming
"Meteorite Market Trends".

Mike Fowler
Chicago
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Matt Morgan
Mile High Meteorites
http://www.mhmeteorites.com
P.O. Box 151293
Lakewood, CO 80215 USA
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John Gwilliam

Too many people were born on third base
and go through life thinking they hit a triple. 


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Re: [meteorite-list] Elliott Collection Sale Results

2009-08-19 Thread Jeff Kuyken 
Same here Matt. And one thing I noticed was the larger more expensive pieces 
getting fewer bids and going for relatively bargain prices (or did not sell) 
while many smaller items seemed to push well beyond the original estimate 
with very active bidding.


Cheers,

Jeff


- Original Message - 
From: "Matt Morgan" 
To: "Michael Fowler" ; 
; 


Sent: Wednesday, August 19, 2009 3:39 AM
Subject: Re: [meteorite-list] Elliott Collection Sale Results


I bid on several, only to lose the 5 of the items by 100 pounds. 
Frustrating.  Wish there was a better interface for this auction.

Matt
--Original Message--
From: Michael Fowler
Sender: meteorite-list-boun...@meteoritecentral.com
To: meteorite-list@meteoritecentral.com
Cc: Michael Fowler
Subject: Re: [meteorite-list] Elliott Collection Sale Results
Sent: Aug 18, 2009 11:38 AM

<http://www.lyonandturnbull.com/asp/searchresults.asp?pg=1&ps=25&st=D&sale_no=262
>

Thanks Matt,

My take on the results is that the auction was very well bid with many
items selling for fair to high prices.  I bid on one lot at more than
twice the high estimate, and did not get it.
Perhaps Michael Blood will comment on this auction in an upcoming
"Meteorite Market Trends".

Mike Fowler
Chicago
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Matt Morgan
Mile High Meteorites
http://www.mhmeteorites.com
P.O. Box 151293
Lakewood, CO 80215 USA
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Re: [meteorite-list] Elliott Collection Sale Results

2009-08-18 Thread Jason Utas 
What might be interesting to note is the error on the auctioneer's website.
The auction started at 1pm GMT, not the advertised 2pm GMT.  Time in
the UK isn't on GMT, because of daylight savings, and the auction thus
started an hour earlier than was advertised online.
Seems to me that Rob might have solid grounds for a lawsuit.
Jason

On Tue, Aug 18, 2009 at 10:39 AM, Matt Morgan wrote:
> I bid on several, only to lose the 5 of the items by 100 pounds. Frustrating. 
>  Wish there was a better interface for this auction.
> Matt
> --Original Message--
> From: Michael Fowler
> Sender: meteorite-list-boun...@meteoritecentral.com
> To: meteorite-list@meteoritecentral.com
> Cc: Michael Fowler
> Subject: Re: [meteorite-list] Elliott Collection Sale Results
> Sent: Aug 18, 2009 11:38 AM
>
> <http://www.lyonandturnbull.com/asp/searchresults.asp?pg=1&ps=25&st=D&sale_no=262
>  >
>
> Thanks Matt,
>
> My take on the results is that the auction was very well bid with many
> items selling for fair to high prices.  I bid on one lot at more than
> twice the high estimate, and did not get it.
> Perhaps Michael Blood will comment on this auction in an upcoming
> "Meteorite Market Trends".
>
> Mike Fowler
> Chicago
> __
> http://www.meteoritecentral.com
> Meteorite-list mailing list
> Meteorite-list@meteoritecentral.com
> http://six.pairlist.net/mailman/listinfo/meteorite-list
>
>
> Matt Morgan
> Mile High Meteorites
> http://www.mhmeteorites.com
> P.O. Box 151293
> Lakewood, CO 80215 USA
> __
> http://www.meteoritecentral.com
> Meteorite-list mailing list
> Meteorite-list@meteoritecentral.com
> http://six.pairlist.net/mailman/listinfo/meteorite-list
>
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Re: [meteorite-list] Elliott Collection Sale Results

2009-08-18 Thread Matt Morgan 
I bid on several, only to lose the 5 of the items by 100 pounds. Frustrating.  
Wish there was a better interface for this auction.
Matt
--Original Message--
From: Michael Fowler
Sender: meteorite-list-boun...@meteoritecentral.com
To: meteorite-list@meteoritecentral.com
Cc: Michael Fowler
Subject: Re: [meteorite-list] Elliott Collection Sale Results
Sent: Aug 18, 2009 11:38 AM

<http://www.lyonandturnbull.com/asp/searchresults.asp?pg=1&ps=25&st=D&sale_no=262
 
 >

Thanks Matt,

My take on the results is that the auction was very well bid with many  
items selling for fair to high prices.  I bid on one lot at more than  
twice the high estimate, and did not get it.
Perhaps Michael Blood will comment on this auction in an upcoming  
"Meteorite Market Trends".

Mike Fowler
Chicago 
__
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Matt Morgan
Mile High Meteorites
http://www.mhmeteorites.com
P.O. Box 151293
Lakewood, CO 80215 USA
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Re: [meteorite-list] Elliott Collection Sale Results

2009-08-18 Thread Michael Fowler 



Thanks Matt,

My take on the results is that the auction was very well bid with many  
items selling for fair to high prices.  I bid on one lot at more than  
twice the high estimate, and did not get it.
Perhaps Michael Blood will comment on this auction in an upcoming  
"Meteorite Market Trends".


Mike Fowler
Chicago 
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