While philatelic auctions date back more than a century and a half, the level of competition among bidders hit unprecedented levels during the pandemic. Bidders have always sought the upper hand while competing at auctions – from colluding with other collectors to using individual bidding strategies such as sniping or shading – but several best practices apply to all potential buyers. StampAuctionNetwork founder Tom Droege, of Durham, N.C., shared 10 “insider tips” for bidders this June at CAPEX 22, of which the firm was a partner-level sponsor. Droege led a pair of seminars during the four-day show in Toronto, where he and David Kern, a partner with the trailblazing auction marketplace, also manned a booth on the bourse. Continue reading →
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