Some items from Dan Morphy's auction

ariel · 12th July 2016, 11:27 AM

As to the alleged "lack of knowledge" by the auction, it reminds me of an old joke about a multimillionaire who explains his success:" I buy something for $100, sell it for $1000.. What is my profit? 10%? That's enough for me"

This auction attracted professional collectors and dealers of militaria, and those knew exactly what was for sale and bid against each other. The lowest estimates were just a bait.

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12th July 2016, 11:27 AM	#12
ariel Member Join Date: Dec 2004 Location: Ann Arbor, MI Posts: 5,503	As to the alleged "lack of knowledge" by the auction, it reminds me of an old joke about a multimillionaire who explains his success:" I buy something for $100, sell it for $1000.. What is my profit? 10%? That's enough for me" This auction attracted professional collectors and dealers of militaria, and those knew exactly what was for sale and bid against each other. The lowest estimates were just a bait.