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0-0234 auction of new burst to market

Tom Wittrock

Tom Wittrock

Les Paul Forum Co-Owner
Joined
Aug 2, 2001
Messages
42,567
"The guitar, bought in 1960, is being auctioned and is expected to fetch $20,000 to $30,000. (Courtesy Quinn’s Auction Galleries)"

:bigal
 
Three13

Three13

Member
Joined
May 7, 2011
Messages
852
Typical auction house ploy to get more players in on the ground floor and to make sure the sale exceeds its estimate.
 
Y

yeti

Guest
Three13 said:
I don't think the approach with that auction was intentional on Guernsey's part - they got played...
Click to expand...

I'm not sure I understand, ah, well, I'm pretty sure I DON"T understand since I didn't follow that situation very closely.
Please explain.
 
Three13

Three13

Member
Joined
May 7, 2011
Messages
852
yeti said:
I'm not sure I understand, ah, well, I'm pretty sure I DON"T understand since I didn't follow that situation very closely.
Please explain.
Click to expand...

The consignor of the guitars in that sale did an excellent job of manipulating the auction house.

In the end, it hurt the sale and the auction house - I know plenty of people who didn't bother to figure bids on anything in the sale. I'm not sure the consignor cared, since everything wound up being seized by the IRS, IIRC.
 
Y

yeti

Guest
Three13 said:
The consignor of the guitars in that sale did an excellent job of manipulating the auction house.

In the end, it hurt the sale and the auction house - I know plenty of people who didn't bother to figure bids on anything in the sale. I'm not sure the consignor cared, since everything wound up being seized by the IRS, IIRC.
Click to expand...

Thanks
I did read something along those lines. Martin guitar company bought a few pieces for their museum at prices below their expectations. Good for them.
 
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