Prices/Value Discussion.

[ANZAC]

Morning Gents.
I attended a medal auction in Nottingham (England) yesterday and was particularly interested to see if there was any slow down in interest in
medals since the Credit crunch/recession .
Well over 90% of the lots were British but there were a few Soviet items but not of any great value or interest. Most were anniversary and campaign medals but there was a nice Order of Glory 3rd class group that I went for but was outbid on.
It was an interesting day and as far as I could see every lot was sold despite the snow that certainly deterred a lot of people from attending. Every lot sold near or above top estimate and do not think they were placed artificially low to encourage people to attend. The Soviet lots generated a fair amount of interest and all sold well.
What I find so encouraging is the fact that the prices were high at an auction house I had never heard of 4 months ago and one that did not have an internet bidding facility.
From what I could see and talking to people there I have come to the conclusion that buying/collecting medals has been a wise investment because the interest and money is still there.
:thumbsup
Cheers
Keith

Interesting comments Keith. Certainly the interest is still there but I don't believe the money is. The New York auction recently showed that there was only one buyer who had the bank roll to buy the high end and even the low end awards. You can see the drop markedly on ebay as far as prices go.

Average Joe just hasn't got the money anymore to spend and collecting seems to be a luxury that few can afford. There are some great deals around but no one has the money to pick them up

Thats just my take on it.

Brendan