Quote:
Originally Posted by Dave Sanders
I was able to find the items I bid on through the links above. Wow, was I way off.
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If you based your bids on RIA's low/high estimates, they will be
way way off. I've lowballed bids (as IthacaDave suggested) and bid hundreds over their high estimates and still been outbid, sometimes by a thousand or more.
. And I consider my interests to be wildly different from the average collector, so I have to wonder if the 'house' doesn't take consignments with a 'reserve' and if that reserve isn't met, then the 'house' bids on it and is a 'winner'. I have been to auto auctions where that exact scenario is played out.
I still visit the RIA auctions and bid on items but I no longer have any expectation of winning anything. I just like to receive the big auction catalogs.
