That is some auction estimate… (updated)

There is a corkscrew ending in a few hours in a non-eBay auction with quite the auction estimate.

Somewhere between $25 – $99,999.

Really…?

It can sell for as little as $25.00 or as much as $99,999.00?

Why not have a range of 25.00 to $100,000? I mean, if I am willing to spend ninety nine thousand nine hundred and ninety nine dollars on a corkscrew, an extra dollar to make it an even hundred thousand isn’t much of a stretch.

Not that I am spending ninety nine thousand nine hundred and ninety nine dollars on a corkscrew. Nor would I throw in an extra dollar to make an even 100K.

That said, the auctioneer is indeed correct, it will sell within that range. It is worth more than 25 bucks, after all.

But, I am guessing a few hundred will be the ending price.

In visiting the auctioneers 580 listings, and only one is a corkscrew, every item has the same estimate–and…

I will do the math for you.

On the low estimate, if everything sold for 25 dollars each, that would be $14,500–although there is a buyer’s commission of 24 %. If everything sold for $99,999.00, that would be $57,999,420.00…

On the low end, the commission would be $3,480.00. On the high end… that would be $13,919,860.80.

I am guessing they all won’t be on the high end of the auctioneer’s estimated range.

Stay tuned for the corkscrew and the sales price. I will update the blog after it ends!

UPDATE: The corkscrew sold for $600. A good price, but a bit below the $99,999.00 high estimate.

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