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Opportunities Alive In Arb Stamp Auctions

 
 
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Valued Member
United States
328 Posts
Posted 10/23/2019   11:14 am  Show Profile Bookmark this topic Add rismoney to your friends list Get a Link to this Message
Think you can't profit in stamps? 3x price. in 2 months.


https://siegelauctions.com/lots.php...&lot_no=1318
https://stampauctionnetwork.com/HS/HS12041.cfm

Harmer Schau:

U.S.; General Issues, 1994, 29 Wonders of the Sea, Imperf, Se-Tenant Pane of 24, #2866b, n.h., Very Fine.
Scott $2,700 (as blocks of 4). Scarce .
Estimate $600-800. (Image)

Est. $600.00-800.00
Went for $550.

Yesterdays auction:

29c Wonders of the Sea, Imperforate (2866b). Mint N.H. complete pane of 24 with plate nos. at top and bottom and value indicator at right, rich colors, fresh and Extremely Fine, Datz states about 60 blocks reported, accompanied by normal pane, Scott does not list or price this as a plate block, Datz price as four plate blocks and two blocks

3,400.00
Went for 1600.

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3722 Posts
Posted 10/23/2019   1:04 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
All of the Siegel lots yesterday went for lala money. Apparently common sense and money are disconnected. Every lot that I was after went for far beyond catalog which is OK depending upon the stamp but they also went far, far above SMQ which is plain silliness. It is called throwing money away. A well known dealer I spoke with yesterday had bids in on over 90 lots and won 2. I have purchased quite a few stamps on Hipstamp that were sold at Siegel within the past five years and most of them I got for far less than the Siegel bidders paid. I am not looking for bargains at Siegel and I place strong bids but you cannot compete against those that truly could care less about money and there are lots of those folks out there judging by the results. The funniest thing is that I will bid on a stamp at Siegel, be blown out of the water, go to Century, find a better example of the same stamp for much less money (read true retail value), buy it and still go after more Siegel lots in their next auction. I am nuts!
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Valued Member
United States
328 Posts
Posted 11/18/2019   11:11 pm  Show Profile Bookmark this reply Add rismoney to your friends list  Get a Link to this Reply
And it looks like Bill Langs bought it.
On the eBay block 174100472584.

Amazing from 550 a few months ago.

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