Kelleher had a very good and active day on Friday with the U.S. section and the GATSBY'S material . But surprised by what I read about Saturday auction .
Saturday was the foreign and worldwide collections plus the large accumulations lots . That was very poor ,I believe they need to rethink their estimates in that part of their auctions or put back the material they are now removing to sell elsewhere in their auctions , they have to do something to improve those lots . I like to use the expression their people are combing those lots a little to much .
I seen lots which would cost more to ship to Florida than the price they realise . That is a real turn off to online bidders and getting one or two like that would be a great way to loose bidders for the next auction . That screems real loud to bidders if a lot can't get past half of the estimate in the auction .
Remember the " NEW YORK STAMP COMPANY RULE" if a lot is actively being bid on the floor of a stamp auction ,then it is safe to overbid them ,something there is worth selling on eBay
.Good rule to follow . .
I think Kelleher hired the guy from Dutch Country Auction ,who would use the combination of worldwide covers and U.S. FDC plus add in a few blank albums or children albums ,then add in a few plastic tubs of cheap worldwide mixture stuff and then list it as a ESTATE LOT or a back room closet lot . Yea you get a bunch of large cartons but can you make enough to pay the juice and shipping charges .These firms are making 20 minute lots .
20 MINUTES LOTS take that long to go from the FEDEX truck at your front door until 75% of the weight goes into your trash dumpster .........all of 20 minutes you don't want the stuff in the house .