Home > Auctions worldwide >"It Ain't Over 'til It's Over"
Tue, Apr 14th, 2015 01:46:06 AM
Topic: "It Ain't Over 'til It's Over"

Uttered by perhaps the most famous American Baseball catcher, Yogi Berra, the following aphorism "it ain't over 'til it's over" best describes the rippon-boswell Vok collection sale results.

RK just checked all the prices on live auctioneers.com and frankly we cannot believe what we saw.

With a sale rate of over 93% at prices that are considerably higher than the rather weak markets for the types of lesser than stellar examples Vok collected, of course not the Suzani but surely the kelim and few soumak, we just can't believe this is reality.

RK will analyze the results more closely in the coming days but let us be the first, and probably only, one to question the validity of what is presented on live auctioneers.

Let us also mention something that is so obvious it needs no mention, but in today's myopicly focused world maybe it does: It is as easy as falling off a log to fake the results of an auction by using shill bidders or the auctioneer's book to simulate bidding, to bid up left bids to their maximum, and of course to inflate the prices of pieces no one is bidding on to make it look like they are selling rather than buying them in.

Naturally we have no proof this is what happened at rippon-boswell on April 11 but as far as we are concerned having the Vok collection part 1 return a 93% sale rate is just too unbelievable for us to fathom.

PS: Here is another Yogi Berra quote that sums up the sale results: If the world was perfect, it wouldnt be.

Author: jc
Tue, Apr 14th, 2015 01:46:06 AM

After doing some sleuthing it appears the results of the Vok collection sale are real, and RK's suspicions were wrong.

But we intend to continue to discover if those results really are true.

Regardless, fact remains most of the Vok Collection pieces sold for far higher prices than they are really worth today or ever will be worth.

This auction is but another example of "auction fever" rather than real valuation.

Keep tuned, we will soon be explaining why we believe the buyers of most lots paid too much for what they got.

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