Auction Market Values — REVISED!
Nobody knows whether the great novelist Joseph Conrad played Fantasy baseball. He died in 1924, so perhaps not, but a passage in one of his novels suggests that he envisioned it. In The Secret Agent, a character entertains the “horrible notion that ages of atrocious pain and mental torture could be contained between two successive winks of an eye.” We can now attest to the accuracy of that notion, because we had such an experience in a Fantasy baseball auction last Sunday. We had neglected to stock our catching staff, and, as a result, between those two successive winks we were compelled to place a $7 bid on Francisco Cervelli. “Pain” and “torture” were indeed the centerpieces of our experience in that instant.
We were going to report on the above-referenced auction in this week’s installment, but frankly it’s just too embarrassing. Consistently undervaluing catchers until we were stuck with a $7 Cervelli and a $2 Jason Castro was just the most egregious of our errors. But our loss is your gain, because we decided to write something useful for a change: a review of auction market prices.