Lottery mentality...the hopes that 2 or more guys really really want your card and beat the crap out of each over it...and the result is you win a lottery of sorts! That is a big draw of the auctions.
Additionally the fact that many people cannot price their cards...mostly in fear that they will sell too low...auctions usually take care of this too.
Finally that most auction houses will not charge consignment fee if you have quality shit...before this trend I had never consigned nor would I have with this 15-20% skimmed right off the top....a trend which is somewhat unique in the antiques/collectibles auction world.
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