Are people really that stupid????

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Posted By: <b>Robert</b><p>I saw this auction which should sell for around $100.00 and the idiot bidders bought into his ad that this is some kind of error card because his name is spelled wrong.<br /><br /><a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8791161763" target="_new" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8791161763</a>

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Posted By: <b>J Levine</b><p>YES!

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Posted By: <b>Brad</b><p>Well, it just proves that some people with money are not that smart!!!!

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Posted By: <b>Rob NYC</b><p>There's that mwasserman80 again. He's been overpaying for a lot of those graded T206s.

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Posted By: <b>andy becker</b><p>the winner and the under bidder are both working on midgrade t206 sets. <br />not that shocking to me.<br />

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Posted By: <b>T206Collector</b><p>...of recent mwasserman23 purchases of common T206 cards for very high prices:<br /><br /><a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8777257851" target="_new" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8777257851</a><br /><br /><a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8776841349" target="_new" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8776841349</a><br /><br /><a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8786317308" target="_new" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8786317308</a><br /><br /><br />I'm just happy I decided to collect T206 cards while the getting was good. I would never, ever pay that much money for any of these cards. You could have a mid-grade Mathewson for these prices.

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Posted By: <b>joe brennan</b><p>I'm glad he has these cards. Now when they come up again, an Adkins 4 will sell for around $50 again and I'll have shot at it. <br><br>A scared man can't gamble and a jealous man can't work.

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Posted By: <b>T206Collector</b><p>...of collecting cards with the unbelievably rich, is that money is no object for them and they will beat you at auction just because they want that card at that time. <br /><br />I repeat again a story that one of the underbidders on one of these auctions told me and a dealer at a card show a few months back. He said if he really wants a card, he sometimes will put a bid of $4,000 on it, just to ensure that he'll win it -- no matter the cost. If you got just two bidders to do something that stupid, you'd wind up with PSA 4 Doc Adkins cards going for four digits.<br />

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Posted By: <b>Lee Behrens</b><p>I like the selling feature on the Doolin that 19 have been graded with ONLY 13 higher OH BOY!!!!!!! He must have Henry Yees writer doing his auctions.<br /><br />Lee

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Posted By: <b>Cobby33</b><p>Most of the bidders here are rather sophisticated. I doubt they were "lured" by the "error" nature. People have their reasons for over-paying [which is a sub-topic of the thread on the REA auction] and granted, some have too much money, but I don't think it's a question of stupidity (with some exceptions, of course).

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Posted By: <b>Bob</b><p>Savagecards. That isn't the Savage guy who is a long time collector and used to write for SCD? Surely not. If it is he should be ashamed of himself.

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Posted By: <b>andy becker</b><p>what cobby said is accurate.<br /><br />i am not as old school as some on this board....but i am getting closer day by day <img src="/images/happy.gif" height=14 width=14> .<br /><br />i, personally, do not see any shame in buying something for a personal collection....even if you are over-paying.<br /><br />the shame would be if these were investors trying to turn a profit....which they obviously are not.<br /><br />i do think it is wrong (read classless) to "out" buyers as being stupid. <br /><br />

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Posted By: <b>Steve M.</b><p>to the post was in full agreement with the title. That of course is based on the fact that most, if not all of us, have at one time owned the card in question and just couldn't understand the price realized. Subsequent comments (after our initial reaction) are more telling of the mind-set of the true "collector". <br /><br />I for one am willing to overpay to fill a hole in my collection. This is not to say that I'm a fish, its just fact. Its not to say that I am so rich that price is meaningless, its just fact.<br /><br />Offer me a W601 Sporting Life Detroit postcard and name your price. Offer me a Henry Mathewson Ullman postcard and name your price. (Sorry for the plug Leon).<br /><br />The point is that we cannot and should not be critical the winner of the card just because in our opinion he/she overpaid.

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Posted By: <b>T206Collector</b><p>...but this Doolan card did not go up over $200 in the last two months.<br /><br /><a href="http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8759366852" target="_new" rel="nofollow">http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=8759366852</a><br /><br />...plus, this was an SGC 70/5.5.<br /><br />It's one thing to overpay for a card that you really really want that doesn't come around too often, or is somehow rare. It's another thing entirely to overpay for a card that is as unrare and as common as can be. When someone over pays by 200% for a common T206 card, I think it is entirely fair and appropriate to call that person out for that behavior. That kind of artificial running up the prices of cards is only bad for card collectors.

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Posted By: <b>Cobby33</b><p>I'm certainly not taking sides here, but I can't see how over-paying for one card affects other collectors one way or another. <br /><br />If there are indeed so many of a particular issue, the overpayment will be diluted by the dozens (or more) of "reasonable" prices paid. Or you could throw out the high and low.<br /><br />Believe me, I hate getting outbid by people who are throwing (what I judge to be) too much at a card. I've certainly done it, so it takes two and we shouldn't really question their motives, since they're clearly not (in this case) shills.<br /><br />That is the American way, isn't?

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Posted By: <b>T206Collector</b><p>...consistently over pay for T206 cards while they're putting together their collections via ebay, it causes other collectors to have to raise their prices dramatically in order to compete with them. This causes a spiraling up of prices.<br /><br />Yes, supply and demand are at work here and, yes, that is the American way. But I think that you see this sort of behavior right before a bubble bursts -- and I know, we can all cheer for that when it happens.

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Posted By: <b>Cobby33</b><p>True.