Quote:
Originally Posted by Exhibitman
What do you think of this business plan:
--Buy raw cards with minor flaws
--"Improve" raw cards
--Get them slabbed
--Consign to Probstein
--Shill auctions
--repeat
Did I miss any steps?
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While we are pointing out missed steps I'd like to highlight that that model doesn't produce any revenue without a buyer willing to pay way over historical values. As long as there are collectors that just have to have a certain card at any price there will be auctions that don't make much sense.
Anyone that has VCP access and is following certain cards know that for every shilled auction, there is some idiot pulling the trigger on a BIN at 30% over the previous sale. Which is why I don't lose any sleep over this - it's impossible for me to pay more than I'm comfortable with a card because I simply don't pay more than I am comfortable for card (or a car, dishwasher or deck reno).