JayAg47 Posted March 20, 2023 · Member Share Posted March 20, 2023 I was looking at recent auctions on Chola coins and saw this one hammering for 800 Swiss francs?!! while this coin is fantastic looking with all the elements nicely centred, it's still not worth any more than 300-400 dollars at most. Why would someone pay nearly 1000 bucks for this coin? is it because of the provenance? can anyone tell me what's special about its previous owner? or just a bid war? or maybe because the auction house wrongly described it at as bronze and the buyer thought it was a rare issue? cuz I'm pretty sure this type was only minted in pure silver and an underweight debased issue alloyed with lead, but never with copper. If people are paying this much then probably I made a steal with my coin below for 100 bucks! 7 Quote Link to comment Share on other sites More sharing options...
Sol_Invictus Posted March 20, 2023 · Member Share Posted March 20, 2023 I was surprised by this as well, but do not know enough about this area to appreciate what subtleties might have made the coin especially rare/valuable. I did feel that in general the bids were rather aggressive for this collection, but then again, the collection had a lot of very nice looking coins! 2 Quote Link to comment Share on other sites More sharing options...
arizonarobin Posted March 20, 2023 · Supporter Share Posted March 20, 2023 That is baffling, but maybe there were just a couple bidders who very much wanted it. I have well overpaid for several coins in bidding wars. 😅 I aquired one of these in an old collection I bought, along with a coin of Rajendra Chola I and a tiny gold fanam with an elephant. Here is mine: 6 Quote Link to comment Share on other sites More sharing options...
quant.geek Posted March 21, 2023 · Member Share Posted March 21, 2023 (edited) That whole auction, especially the South Indian section was NUTS. The Chola fanam, which a better specimen was sold for about $120, went for about 900 and over 1000 CHF and that doesn't even include the buyer's fees, taxes and shipping 😬 Edited March 21, 2023 by quant.geek 2 2 Quote Link to comment Share on other sites More sharing options...
quant.geek Posted March 22, 2023 · Member Share Posted March 22, 2023 (edited) This one went for 1200 CHF! Unbelievable. This is a 120 USD coin... I did, however, managed to grab most of the Vishnukundin coins in that auction, plus some other coins that were relatively low priced... Edited March 22, 2023 by quant.geek 3 1 1 Quote Link to comment Share on other sites More sharing options...
Benefactor DonnaML Posted March 22, 2023 · Benefactor Benefactor Share Posted March 22, 2023 (edited) Leu certainly seems pleased with the overall results of the auction, judging from an email I received yesterday: Leu Web Auction 25 - ReviewStarting: 384,450 CHF | Hammer: 2,334,182 CHF | 100% sold38,412 bids | 1,589 bidders from 74 countriesOur donation to the victims of the earthquakes in Turkey and Syria: 23,342 CHF –– As already announced, we have donated 1% of the total hammer of Leu Web Auction 25 to the Swiss Red Cross – based on the impressive total hammer of 2,334,182 CHF, this comes down to a donation of 23,342 CHF. I have no idea, of course, how this compares to the results of Leu's previous auctions. I also received an email from Leu today acknowledging my payment for the two lots I won in the auction -- a payment I actually made by Wise transfer 6 days ago -- and informing me that shipment will be made "within the next 10 working days." A time-frame that's disappointing, but not surprising, given that it's similar to what Leu has informed me after previous auctions. Edited March 22, 2023 by DonnaML 3 Quote Link to comment Share on other sites More sharing options...
Ed Snible Posted March 23, 2023 · Member Share Posted March 23, 2023 4 hours ago, DonnaML said: I have no idea, of course, how this compares to the results of Leu's previous auctions. I probably deleted the reviews of auctions 20-23, but these results seem in line with the previous auctions. Leu Web Auction 24 - ReviewStarting: 529,125 CHF | Hammer: 2,803,292 CHF | 100% sold45,514 bids | 1,864 bidders from 75 countries Web Auction 19 - ReviewStarting: 325,175 CHF | Hammer: 2,046,574 CHF | 100% sold38,853 bids | 1,752 bidders from 75 countries Web Auction 18 - ReviewStarting: 430,425 CHF | Hammer: 2,395,185 CHF | 100% sold44,127 bids | 1,751 bidders from 72 countries Web Auction 17 - ReviewStarting: 345,725 CHF | Hammer: 1,783,573 CHF | 100% sold36,590 bids | 1,534 bidders from 66 countries Web Auction 16 - ReviewStarting: 613,075 CHF | Hammer: 2,849,721 CHF | 100% sold46,860 bids | 1,694 bidders from 73 countries 3 Quote Link to comment Share on other sites More sharing options...
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