The new auction format under Morphy is very different. From observation, it is going to be more of the higher end lots and in order to get to that, will be much larger lots. In the last auction, Aeroart was listed mainly in 5 to 15 figure lots. As a cataloger for Ray, we did more individual lots which allowed for more IMO widespread bidding. These larger lots will attract fewer bidders IMO unless you are looking for quantity. Again, this is just an observation.
Now, one thing I should also say is that Morphy Auctions are first rate and first class to deal with. Very good photographs, very understandable auction process, fair fees (compared to Live Auctioneers!) and options to pick up or ship. They are a very well run business. Ray was an innovator in toy soldier auctions, he built a great business, hopefully at least part of that survives under Morphy.
Tom
Unfortunately, this is how these auction houses work a lot of the times, they bundle "lots" together vs selling individual figures. Not to throw stones, but based on what I've seen, they do this as it does not appear that they really know what they have/what the items are actually worth.
Case in point, I am selling a collection for the executor of an estate of one of my customers, he sent me all the items and I am selling them for the estate and rotating the proceeds back monthly minus a commission.
He directed me to an auction house he was going to use as they had a listing of toy soldiers for sale and thought I might be interested; they bundled together First Legion Napoleonics, ACW and Crusaders, some nice retired figures mixed in with current production figures, many of which are on sale through First Legion, the bidding on all of the lots got to the point of no return for me as a reseller.
The real issue was in addition to the cost of the lots, there was also a buyers premium that had to be paid, plus shipping and the shipping was explained as follows "We use a company that packs and ships for us, you as a buyer have to pay a fee for the items to be packed plus a shipping fee which will be determined at the time the items are packed."
So I buy a lot, have to pay the buyers premium, then pay someone a fee to pack and ship and I have no idea what that fee is going to be, won't know until the items are packed and shipped.
No thanks, not a very good way to do business.
Just my .02.