Ted.. most of the other subjects about the Berwick discovery have been fairly interesting, but that isn't what I asked.. My question was very specific:
Unless someone has the finances to actually bid on such posters as a Dracula, Public Enemy or Ten Cents a Dance, why do any of them care what the reserve price is going to be on such posters??
Myself, while I find all the main information about this deal great stuff, this one aspect is of no importance. To me, it is obvious they are all for sale at one time because the consignor wants to make his money now. Grey is one of the smartest poster people in this business (which is why Heritage does $10mil+ in poster sales every year) and I am certain that he would council the consignor on what prices these posters should sell for and any smart seller trying to get his profits out is going to listen.
As I said, I have no doubt that most if not all of these posters will sell and I am certain the Dracula will sell because it is obvious that the reserve is $100k (half the low estimate) or if it is higher.. it isn't much higher. The poster will sell, and the final price is the important figure, not any supposed reserve.