CE -- A lifetime of collecting comic related material :: Segar, E. C. {Popeye] *

Three Popeye Daily Strips from the same seqence 1936

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Popeye Daily with Eugene the Jeep March 30, 1937

Artwork Details

Title:	Three Popeye Daily Strips from the same seqence 1936
Artist:	Elzie Crisler Segar (All)
Media Type:	Pen and Ink
Art Type:	Comic Strip
For Sale Status:	NFS
Views:	1,239
Likes on CAF:	0 1
Comments:	0
Added to Site:	7/6/2006
Comic Art Archive:

Description

I like Swee' Pea. And, although I failed to get the Swee' Pea Sunday original of my dreams, I do at least have these thee dailies which tell a short narrative about Popeye's boy child.

The Sunday Page fiasco, cont.

It was reported to have sold the second time around for about $12,000 hammer price, $14,340 with buyer's premium. So, the company wasn't willing to resolve a situation they created by accepting bids from an unqualified bidder by allowing the underbidder to pay a lesser amount than 1 bid below what someone couldn't pay, probably even the day before, but they were perfectly willing to let the strip go for about 2/3 the amount from the first sale to someone who hadn't been victimized by their system. If they hadn't tried to wring the maximum possible amount out of my friend by calling after the high bidder supposedly defaulted, I would have bid in the second auction and would have had a good chance of owning the long desired original today. But even I have limits to my tolerance for what I consider to be bad behavior of auctioneers. And, regardless of what anyone else thinks of what transpired, one thing is certain: I will forever do all I can to avoid contact with the auction company and will certainly never consign anything I own for them to sell. Remind me someday to tell about what I observed at the one auction that the same company held at the San Diego con... or about how final bids were reported on eBay vs. by the auction company when they used to sell through eBay as well as their own system...or about what happened with a Bringing Up Father Tour Sunday...

About Reserve Prices at Auctions

Most people who collect art know that reserves are the minimum amounts at which an auctioneer is allowed to sell a piece, as agreed to by consignors selling the art. Most jurisdictions have laws regarding what is allowed in the way of reserves, typically requiring that a statement must be made that an item is sold subject to a reserve if a reserve price exists. Absent such an announcement, as a matter of law, the art to be auctioned must be sold to the highest bidder, regardless of the amount of the highest bid. The clearest method is for the auctioneer to start the bidding at $1, �1, or whatever and call out bids in pre-announced increments until the bidding stops and the hammer falls. If the auction house decides to begin the bidding at a higher amount, they must solicit bids in lower amounts if no one bids that opening amount and continue to lower the amount until someone places a bid. After that, the bid amounts can be raised until the bidding stops. If there is no statement made that the bidding is subject to reserves, an auction house cannot merely start the bidding at a certain amount greater than $1 and refuse to entertain bids for lesser amounts should no one bid the stated opening amount. If such were to happen, it would effectively mean that the amount called out to begin bidding would effectively act as a de facto reserve in an auction which, by law, is required to have no reserves.

Some jurisdictions have laws which require that a reserve not exceed the amount of the low estimate for a piece. Others allow reserves as high as the upper estimate on any lot. To me this makes no sense since it seems almost fraudulent to represent that an item can potentially be bought for a winning bid between the low and high estimate amounts when it cannot possibly be bought for any amount below the high estimate. Whatever the law governing actions in a jurisdiction, what happens when no estimates are given? It would seem that the failure to provide estimates would only be legal in jurisdictions which have no laws regulating auctions or at least no laws concerning what is permissible when it comes to reserves. Continued...

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About the Owner

	C E
Joined:	April 2006
Last Login:	August 2025
Country:	UNITED STATES
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