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Do they under value this stuff just to get people to show up. I sure would like to find a wingbar for $400. There is a lot of them that would sell for a lot more on the open market. We all would laugh at someone that tried to estimate your bikes like that as we kick him or her in the butt out the door.
It gets people excited about the auction. Also, auction companies are in the business of moving property. If something is estimated high and it doesn't sell they don't make a penny. If something sells for half of what it is worth, the consignor maybe sad (especially after the auction takes its cut), but the auction is still making money. I don't know who consigned the ballooners, a couple people mentioned Larkin but maybe they belong to different people. I sure know it be hard to buy any of those from him directly at numbers near the estimates.
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