I was just wondering what your auction experiences are. So I attented the Zachy's auction virtually and listened to most of the auction prices as the hammer came down. So much for a soft market. I don't have the data in front of me nor do I have the time to analyze the data. It seemed to me that there were just a handful of deals that were sold below the range. Most were sold within the range, and a surprising number were above.
What's perplexing to me were the high prices for recent Bordeaux releases (2002-2004) and past off vintages (1993, 1997, 1999). My reaction was mostly WTF?!
My other WTF moment was the starting bid prices from those who were there in person and who appeared to big against themselves since no one else placed any bids.
Any thoughts? Is this normal? Who are these buyers?