Quote:
Originally Posted by DezHood
Hi Guys, I normally post on the football board, hope you don't mind me jumping in... Here are 2 scenarios:
Case 1: Card has market value ~100, high bidder at 80 with hidden reserve at 100.01
The card would have sold for 80 except the owner of the cards jumps in with a schill bid of 99.99
This is basically the OP's case - cheated out of 20 bucks in my scenario. The amount doesn't matter - it's illegal, immoral, etc. I get it.
Case 2: Same as Case 1, except schill bidder gets aggressive and bids 104.99. Now he wins!
What happens next? Does he say: "Um, excuse me Mr. Consigner, I accidentally won my own item, can you please auction it again?" How awkward would that be? And even if the consigner had no ethics, how would the consigner know it isn't a sting?
Does the schiller just quietly buy his own item? Let's do the math. Say he paid 95 originally, 104.99 + 3.50 shipping, so he's up to 203.49. But he gets a consignment check for 104.99*.88 = 92.39. So he's out 111.10 on the card now. If he sends it in again and gets say 110 on the second attempt - he still loses. Plus he paid to ship it in twice which I didn't even count. Is it worth it? Might it not be more rational to let the card sell on its own (legally) rather than play this schilling game?
If anyone out there isn't already burnt out on this toplic, thanks for your thoughts.
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ive mentioned this many times as a reason shilling really polices itself...on the big auction houses you would lose 20 percent...yeah some may want to protect what they think is a steal and pay the 20 percent..but really how many times can you do that as 10-20% really eats away at any profit you want to realize... just doesn't make sense as well if you have a 200 dollar card and its up to 250 which for example is 50 over VCP..why risk 'winning' the card if lose 10-20% when already way above VCP .
I keep seeing how people are saying the same card a week later on PROBSTEIN auction goes 3x what it went for last week...it really doesn't make sense...who the heck would risk 'winning' the card when they own the card when already sky high over what they would hope to expect.
there are also lots of people on net54 who say they consigned cards and got terrible results...so it cant be both ways...everyone cant be selling their cards way below market and everyone else who is buying cards that are consigned are being shilled way over market..