It would have happened to me as well Steve. I would have gone higher than $200.00, but not much. Grumley's are not something I know and collect and I probably would not have bid high enough on them either.
The one on the auction site looks pretty nice to me and the seller can't get a starting bid. So, what are they really worth in todays market?
Before I take that kind of risk, it's gotta be something I wouldnt mind getting stuck with for a while.
A couple years ago I pulled a 62 Kodiak and a 69 Kodiak Magnum out of a pile of about 50 recurves, (alot of them Bears) all priced at $75.00 or less. Looking back, I realize I should have bought the entire pile, but I didnt.
We live and learn, no reason to beat yourself up over it.
Trap