And they are OFF..memory lane
 

There was a thread about the fun of buying with ebay bucks


I like the fun of putting in bids on cards at big auction houses like Memory lane..where i take the auto bid bidding slot max to an amount that someone would have to bid a market high in the last 3+ years to buy a card but if my max bid wins i getting the card a market low (or pretty close) the last 3+ years...gotta love those bidding slots.....and if someone wants to bid a market high last second in the weee hours of the morning..the card is all theirs...

They will

Sounds like a great strategy.
We wouldn't want to pay retail cuz we ain't suckers.
It's all about the loopholes.

I once stayed at a Holiday Inn.

Well said: I already have ;)

Yeah, good luck with that strategy. For the truly desirable cards, there appears to be investors who don't give two sh*ts about market pricing.

more power to you to set a sale record new high..sometimes you hit it big when its trending up..

just checked my email lots of 'autobid placed' on my emails then all of the sudden stopped right before the bid that would put them over the record price for the last 3 years...guess will find out if my bids holds up last day of auction in the weee hours.... I doubt any more bids before then.

where are those guys when I try to sell my cards? ..I always seem to get quoted outdated SMR and VCP when I try to sell my cards.....please find me those investors...or do they never deal direct and always enjoy paying the 20% and potential sales tax on top... people know I have tried to sell 1952 topps, jackies, mays and green cobbs etc..but maybe those aren't truly desirable..

'truly desirable cards' that's the catch...after the mantle rookie etc..what are they...I not sure all of my bids are on 'truly desirable cards'..guess that's the issue if they will hold up...are there 500 'truly desirable' cards in the current auction....truly desirable to who? ....

guess need to be more specific as to which cards you think investors don't care about market pricing...easy just to say 'truly desirable.' list the specific cards or else the comment doesn't really matter or make sense until know exactly what cards you are talking about

and FYI im not bidding on the 1952 mantles or cards they seem to be making new market highs every big name auction....

Jake the same guy who won't pay you or me 1000 for a card (for example) will pay 1500 when a PWCC lists it. Since in overwhelming part we are dealing with commodities where the seller (as long as you are sure you will get the card) makes no difference, it makes no sense, but it's they way it is.

I get the added security of buying a 52 Mantle from someone highly visible (but see recent Goodwin fiasco). But for the vast majority of the commodity cards we buy and sell?

What's amazing to me is the recent record (Mantle) prices are for cards that aren't really that great for the grade.

I guess but then all sellers shouldn't even bother mentioning what a cards sold for at heritage or Goodwin or the like unless they subtract the 20% + as 'that's the way it is' but I got a feeling a lot of private sellers don't agree with that....I never heard someone try to sell me a card a say..well at memory lane it went for 2000 so that means its market is 1500 because that's the way it is...or I guess the BP is enough to subtract from to make it market value for direct seller versus reputable auction house....I do usually cite what a seller nets on a card at an AH when I try to buy a card from a seller..but to me that's the real market price for a seller..what a seller can expect to net on a card...so I guess we should further subtract from that as a direct seller should expect to get less than the highest bid before BP at a reputable AH...after all that's the way it is...lol

Through all of that I actually I agree with you. One can negotiate the bonus of no-fees when doing deals. As one famous dealer says, and to paraphrase "A deal isn't good unless it's good for both parties" ...so many factors can be factored in...

guess need to be more specific as to which cards you think investors don't care about market pricing...easy just to say 'truly desirable.' list the specific cards or else the comment doesn't really matter or make sense until know exactly what cards you are talking about

and FYI im not bidding on the 1952 mantles or cards they seem to be making new market highs every big name auction....[/QUOTE]

My comment about "truly desirable cards" is clearly a generality, but doesn't require specificity to "matter" or "make sense" to most. After all, just looking at the collecting interests of this board, it is clear that what is "truly desirable" is extremely relative. Who would have thought someone would be willing to pay $6200 for a PSA 6 Home Run Baker? But it happened.

My point is that there appears to be more investors/collectors entering the hobby who seem to have little regard for VCP/SMR, so I, for one, have decided to pay less attention to those metrics when I find cards I truly covet and intend to keep. I'm confident that others share my interests and will be adopting similar approaches, so I fully expect to contribute to some record-setting bids next year. If I win some, awesome. If I don't, so be it. But I know if I tether my bids to prices even 6 months ago, I will more than likely lose.

To each their own. Everyone has a different approach. Whatever makes you happy.

My comment about "truly desirable cards" is clearly a generality, but doesn't require specificity to "matter" or "make sense" to most. After all, just looking at the collecting interests of this board, it is clear that what is "truly desirable" is extremely relative. Who would have thought someone would be willing to pay $6200 for a PSA 6 Home Run Baker? But it happened.

To each their own. Everyone has a different approach. Whatever makes you happy.[/QUOTE]


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right there are records highs like the baker but I have seen some record lows as well on some cards.....I really don't think you need to worry about 'record highs' on this auction for 90% of the cards listed...that's why if you can nab the right bidding slot early its great....if someone wants to pay a record high great for them and maybe in the long run its actually a really cheap price but there are a lot less 'truly desirable' cards out there when you break it down in my humble opinion... and no a psa 6 Baker in which all of the bidding above market price was by two bidders is not a 'truly desirable card' imo.. but if there are new sales since then to show otherwise than my bad..

Yeah, I agree, that this Memory Lane auction probably won't warrant yet another Forbes article on the hobby. But with other auctions coming, it will be interesting to see what happens.

And I realize this is more of a semantics issue, but I guarantee you that you have never witnessed "record low prices" when it comes to vintage cards. That said, I understand what you're saying, so I'm truly not trying to debate the point. Just funny to think of the concept of "record low prices" in 2016 for 100+ year old cards.