[78-L] Buffalo Bill Berliner sells for $6200

[David Lennick]

Hey..I put my house on the market on Friday afternoon and sold it last night 
for a tidy amount above the asking price, and one of the losers is having 
second thoughts about not upping his bid. (I don't want to think about how much 
stuff we're going to have to pack and how much will be going on Freecycle.)

dl

fnarf at comcast.net wrote:
> That guy who thought up to about ten seconds before the end that he was going to get it for a few hundred must have been a little miffed! 
> 
> 
> 
> ----- Original Message -----
> From: "Michael Biel" <mbiel at mbiel.com>
> To: "78-L Mail List" <78-l at klickitat.78online.com>
> Sent: Monday, January 18, 2010 10:10:15 AM GMT -08:00 US/Canada Pacific
> Subject: Re: [78-L] Buffalo Bill Berliner sells for $6200
> 
> From: "neechevoneeznayou at gmail.com" <neechevoneeznayou at gmail.com>
>> So the final bid was $6200, but that does not tell us what was
>> entered and what the winner was willing to pay, only what was
>> high bid. Since it is an even number, perhaps it really was what he entered....
> 
> You did look at the list of the bidding as I suggested, didn't you??? 
> It is an even number because it is the $100.00 increment above the
> second highest bidder which was %6100.00.  If he had entered $6100.01 he
> would have won at that amount because he got his bid in before the
> $6100.00 was posted.  This type of auction, including live auctions, are
> all based on what the highest bidder is offering to pay above the second
> highest bidder, not what they are ultimately willing to pay.  But since
> there was a time limit, we also do not know what the second bidder might
> have been willing to go up to either if given a chance to continue
> bidding against the winner as is done in a live auction.
> 
> It was discussed here last year that other non-Nauck and non-Ebay record
> auctions usually do sell at what the winner's maximum is, but that is
> not a good indication of the real value of the record.  It is what ONE
> bidder would pay, and maybe no other.  This style of auction shows what
> at least two bidders were willing (or nearly willing) to pay, and thus
> there is still at least one bidder still out there looking at that
> price.  If all the bidders were the much lower bidders and suddenly ONE
> bidder hit the $6000 vicinity, that bidder would have gotten it at just
> above the lower amounts, which is much fairer.  That there were TWO
> bidders at this level showed that there STILL IS interest at this level.
>  I am no longer willing to bid on auctions where I am charged my maximum
> bid even though the next highest bidder (if any) was willing to pay much
> less.  So Nauck and eBay are about all I do.   
> 
>> this is some real power record buying for sure!  joe salerno
> 
> Too rich for my blood, that's for sure!!!
> 
> Mike Biel  mbiel at mbiel.com  
> 
> 
> 
> 
> Michael Biel wrote:
>> There are some nice scans of the record as well. Notice that Cody's
>> signature hits the grooves! Don't forget to check out the bidding info,
>> especially the "final four" ALL at 6 seconds remaining.
>>
>> http://cgi.ebay.com/Berliner-5014-Buffalo-Bill-in-E-condition_W0QQitemZ360225135193
>>
>> Mike Biel mbiel at mbiel.com 
>