Case-in-point about Langs type pricing and the realities of a true market auction realization. I just received an email from Posner that touted 900 some odd "new US stamp listings". One of the photographed examples was a 119b, the inverted center 1869 inverted 15 cent pictorial priced at $12,995. Out of curiosity I looked for this stamp in Posner's Hipstamp listings and low and behold, there it was. The internal alpha-numeric identifier that Posner uses for his listings indicates that it was initially listed in 2017. Three years later or more there it sits. These regularly sell at Siegel and never get near that type of money. .
119b's are great stamps and relatively obtainable used.https://www.hipstamp.com/listing/11...-17/34613919https://www.hipstamp.com/listing/us...-20/32442744
This according to auction Siegel's Auction 737 Lot 460 1991-04-20 "1991 Rarities of the World" has an undisclosed pinhole and went for 5k then. Did the pinhole just magically disappear?
A reminder for folks to do due diligence.
First it went in Posner's 119b Siegel 956 lot 121 Siegel went for $8000. Then sale 1019 Lot 462 for $6250. 8 years later he's still is trying to unload it. Problem is the faults will prevent appreciation with better ones always on the market.
Markets have changed in recent years, and data points are available with just a few mouse clicks.
There is no positive marketing aspect of hyping a damaged stamp. That's bad marketing except promoting high prices for subpar stamps. You market things as saleable items.
You want marketing? How about leaving off the negative aspects...(sarcasm) (119b). Light cork cancel leaves frame and inverted vignette clearly visible, rich colors, small tear at left center, small closed tear at top right, two light diagonal creases, pulled perf at right not mentioned on accompanying certificate. Clearly no reason to mention the pulled perf.
Makes me sad. I have bought stuff from him, and think he has good material, but if you do plan on spending thousands research what you buy.