Quote:
Originally Posted by DeanH3
Joshua, I'm not disagreeing with what you said. I'm just throwing this out there for debate.
It's tough to determine the "Buy it Now" value of a rare item. If the last time an item publicaly sold was 8 years ago, how do you determine the price? Only way to determine its market value is to place it in an auction. Obviously that's not optimum for a person who wants to buy it now. So the person who wants it now might have to pay a price that might be overshooting its value. That seems to be the dilemma with rare pieces.
As someone on the boards once said. You don't overpay for an item, you just pay early. Or something to that effect.
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I’m not talking about stuff that was sold eight years ago. I’m talking about markup expectations from what was just sold last year. And I’m not talking at or even reasonably above premium. At some point I realize the item isn’t really for sale unless it’s for a King’s ransom and I just walk away from the table.