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Coin Slot

Issue: 1975 November 013 - Page 2

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Coin Slot Magazine - #013 - 1975 - November [International Arcade Museum]
THE COIN SLOT
NOVEMBER
1975
© 19?5
John W. Cale"r~^}
The Coin Slot is published by John W. Caler, Box 1426, Sun Valley,
California 91352. One year's subscription : $10.00. Sample copies
available at $2. 00 each. Please notify us promptly in case of address
change.
The editors of The Coin Slot assume no responsibility for statements
made by advertisers, and we do reserve the right to reject or edit any
ads that we consider to be dishonest or misleading, or that do not con
form with the high standards we attempt to maintain.
ADVERTISING :
Advertising rates:
one inch $4. 00 per insertion
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Full page $25. 00 per insertion
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Line drawings will be printed at cost of space they occupy.
Color photographs not acceptable.
Ads will be printed in next available issue after receipt.
Please make all_ checks payable to John W. Caler
No portion of this newsletter may be reproduced in any form, except for
incidental quotations used in reviews, etc., without written permission
from the publisher.
^_
Article thru the courtesy of John Reely of TRAILER HOUSE ANTIQUES,
Grand Junction, Iowa. John has been an antique dealer for many years, and
is also an adult education instructor for Iowa Central Community College
Area 5. He teaches 3 Antique Courses and spends 2 hours on the auction
subject.
AUCTIONS
At an early tender age, I discovered that the 10 Kootchee girls "reveal all" in the striped tent on the midway was just the
beginning. For 25$ more you went into another darker tent, and then 50 to go into another darker tent,
and so on. As the tents grew darker, the
girls became indistiguishable, and for all anybody knew, it could have
been the Rams football team undressing. You never did really get to see
anything. The point is that a series of "progressive bids" make it easier
to extract your cash then set prices. We've all seen items at auctions go
for more than "dealers shop price" on comparable pieces.
.com
m
:
u
rom -muse
d f motivate
e
There are many things d that
High on the list is the basic
de bidding.
loa A smart
need for recognition.
will get to know pepple on a 1st
rca auctioneer
n
a
.
w
name basis.
pays. Other factors that influence bidding
Do They know
ww that it atmosphere,
w
include: scarcity, :// condition,
and probably the most important;
tp
the Number h
of t buyers in attendance. One can easily see that 100 buyers
bidding for 1 scarce item will drive the price way, way up there, while 10
buyers bidding for 100 similiar items will hold the price down to a reason
able level, as there's plenty to go around.
© The International Arcade Museum
http://www.arcade-museum.com/

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