But to actually show a "price jump" you should compare previous sales and current sales. Otherwise this could simply be attributed to low estimates or it is only one of its kind.
Yes, but even if the estimate was low, it was certainly based on recent market sales. To go from 750€ to 46,000€ is quite something and there has to be something that explains it. My theory:
It is NOT that it's a rare variety that only a few collectors noticed: every individual die in the Ancient World is unique.
It is much more likely that two (wealthy) alpha males fought to win this gladiatorial duel at almost any cost.
I have noticed several times that when prices go way above the estimate, it's two bidders fighting a blood fight. A few months ago, on a Canadian Geoffrey Bell Auction, this happened with a lot of "bonus dollars" and other recent paper scrip (1950s-1980s or thereabout). The lot, estimated at $80-100 (if I remember correctly) was adjudicated at $2100. I saw the auction live online; it was two guys who fought it to death. It was just merchants' scrip. Nothing old, nothing super rare, nothing that was worth anything close to even $300.
Quote: "Camerinvs"Yes, but even if the estimate was low, it was certainly based on recent market sales. To go from 750€ to 46,000€ is quite something and there has to be something that explains it. My theory:
It is NOT that it's a rare variety that only a few collectors noticed: every individual die in the Ancient World is unique.
It is much more likely that two (wealthy) alpha males fought to win this gladiatorial duel at almost any cost.
I have noticed several times that when prices go way above the estimate, it's two bidders fighting a blood fight. A few months ago, on a Canadian Geoffrey Bell Auction, this happened with a lot of "bonus dollars" and other recent paper scrip (1950s-1980s or thereabout). The lot, estimated at $80-100 (if I remember correctly) was adjudicated at $2100. I saw the auction live online; it was two guys who fought it to death. It was just merchants' scrip. Nothing old, nothing super rare, nothing that was worth anything close to even $300.
I have seen this occur more often than I care to say for fairly common but high grade Canadian & US currency. The increase in frequent bidding wars in the past 2 years has scared me off these two nations (though i would like to acquire few outstanding 1935 & odd 1954 Devil Face denominations). I guess these will have to wait another couple of years when the dust settles & people are no longer stuck in their homes due to Covid.
At German_Empire_5_mark_fan ─ You're right. They were totally off as for the estimate. How can this happen is strange. I see that in the past 5 years, sales are in the $12,000 + depending of course on grade and other factors. Still, $46k seems excessive.
At Serial_Number_8 ─ The replacement notes in the "Devil's Face" issues were already quite expensive. I'm afraid to ask how much they go for in the current market.
"The replacement notes in the "Devil's Face" issues were already quite expensive. "
- I imagine you're right but I haven't seen any up for auction recently. I was referring to fairly common world notes which had surprised me the last 2 years. Typically it was a grade rarity (like a 1960-1980 note from Costa Rica but UNC67 or 68 EPQ grade). I stopped paying attention to most Canadian currency about 2017-2018 since prices (of the notes I mentioned) seemed to always bid significantly higher than Charlton BV's.
Quote: "Serial_Number_8"I stopped paying attention to most Canadian currency about 2017-2018 since prices (of the notes I mentioned) seemed to always bid significantly higher than Charlton BV's.
Yes, and even lower grade notes in the 1954 and multicolored series quoted at FV in Charlton go for more. In the XF and AU range, I have lost notes even when I bid higher than the BV.
The replacement Devil's notes was just an example I was giving. Actually, I had originally written a clearer message, but Numista disconnected me in the middle of it so I had to start over. This happens only with this site. It had not happen for a long time but did happen twice in the past week. Extremely infuriating.
so I had to start over. This happens only with this site. It had not happen for a long time but did happen twice in the past week. Extremely infuriating.