By now, I think everyone realizes the auctioneer did a bang up job for his clients who were selling the pins. By the time he finished getting into the bottom of everyone's pockets there was little, if any, room for anybody wanting to do some flipping. These pins were warehoused south of Oklahoma City. I'm fairly sure I know which town but since I am not 100% sure I'll leave it as a town south of OK City.
As fas as I can tell, the auctioneer's home base is Tulsa. It had to be a lot of work to transport 160 pins to Tulsa. And I'm thinking why wouldn't the auctioneer just head on down south of OK City and hold the auction at the warehouse where the pins were located? Auctioneers travel to distant sales locations all the time. Why truck 160 pins almost 200 miles when the auctioneer and his assistants can head for the sale in one SUV?
Obviously, I don't know the auctioneer and he is not sharing his business practices with me. But I will speculate on why I think these pins went to Tulsa. It is all about location and how to make it easy to get the most people to your auction.
I'm going by people I talked to at auction and where they drove in from.
For this first group Tulsa is destination
Denver ..............................to Tulsa.......................... = 693 mile trip one way
Colorado Springs................ to Tulsa...........................= 676 " "
Lexington Nebraska... .........to Tulsa.......................... = 493 " "
Birmingham AL .................. to Tulsa.......................... = 639 " "
Chicago IL ........................ to Tulsa.......................... =690 " "
Houston TX.........................to Tulsa......................... =500 " "
Wichita KS .........................to Tulsa.......................... =176 " "
For this second group south of OK City is destination.
Denver ..............................to south of OK City............= 681
Colorado Springs................ to south of OK City............= 612
Lexington Nebraska... .........to south of OK City............= 561
Birmingham AL...................to south of OK City............= 782
Chicago IL ........................ to south of OK City............= 878
Houston TX.........................to south of OK City............= 400
Wichita KS .........................to south of OK City ............=241
By moving the auction to Tulsa the distance for the above cites changed as detailed below.
Denver....................................is 12 miles closer
Colorado Springs.......................is 64 miles closer
Lexington NE............................is 68 miles farther away.
Birmingham AL.........................is 143 miles closer
Chicago IL................................is 188 miles closer
Houston ..................................is 100 miles farther away.
Wichita KS................................is 65 miles closer
Whether it was by some grand design by the auctioneer or just luck of the draw, by locating the auction in Tulsa a whole lot of traveling miles were chopped for for anybody coming from the east. Kansas City is closer. Springfield is closer. Little Rock is closer. You get the idea.
The Texas boys had to drive a bit more. But Chicago got a lot of miles cut from its trip distance.
With just the seven cities I named, two of them are farther away from Tulsa. And five of them are closer. If you are trying to locate your auction to where the most people have less miles to drive or the driving distances are more equal, making the move to Tulsa was a brilliant move.
I met one individual who was from Birmingham. He bought two pins and he spent some money. Would he have made the trip if it was 143 more miles for him to drive? I can't say for sure, but he did talk about how he almost did not come to Tulsa due to the distance; I doubt he would have driven to the other location.
I'm just guessing and could be big time wrong, but I think it sounds like a good guess. You all might think different, but speculating can be so much fun.