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Auction of collection of Lincoln artifacts

nytimes.com/2018/09/17/arts/harold-holzer-lincoln-auction.html

This article discusses the auction of an extensive collection of Abraham Lincoln related artifacts that will take place on September 27th. This collection contains many unique artifacts (around 740), the values of which cannot be calculated. The owner of these artifacts, Harold Holzer, had spent roughly 50 years hunting for these artifacts, which will potentially be worth 150,000 to 250,000 dollars. The value of these items, however, simply accounts for their inherent value and does not account for the effort of acquiring such a collection. While these items may not have a common value, a known value that each item could be resold for, the value of most items will be close to what the highest bidders think the resale value of an item is. This lack of consensus on the value of the items is why these items must be sold in an auction: a predetermined price could result in a loss of revenue for the seller if even one person values the item higher than that price.

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