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#1
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Interesting thread
I've read this whole thread, wow.
The problem you got is many of you look at card collecting as a hobby. Sadly, we got to start looking at this for what it really is and that's a billion dollar a year business. If someone is willing to spend higher than what our little VCP says, who are we to judge? You can't have it both ways, I'm sure when you want to sell a card you want as much as you can get. Same scenario, just with a larger budget. |
#2
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Quote:
As far as a card selling for more or less than VCP, maybe no one has the right to judge that, but myself and others do have the right to judge the means at which the price was reached. So back to topic. Whether or not the buyer is willing to pay for the card or not, "pushing" the price is just another form of manipulating/controlling the final sale price. A new word for another word that already exists. |
#3
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Baseball cards as a hobby and or investments is getting more like the penny stock market with the market makers and manipulation of the up and down prices
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#4
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my humble take...
If someone is willing and able to pay high prices - and does so - ok. However, it would be prudent for the buyer to realize they are paying ultra top dollar and may not get the price when they sell.
A small company stock may go for 30 cents today - and $3. tomorrow - because someone is willing to pay $3. A house listed at $265,000 may go for what seems over market $305,000 because people are willing to pay $305,000. It is a risk on the buyers part. If the economy crashes again and the $305,000. house they bought drops to $225,000. - well, ouch. Or if the now $3. stock goes bankrupt, well, thats the risk taken. There is risk of rookie cards falling - risk taken by the buyer. How much continued upside with high priced rookie cards? Nobody knows. But I remember a little saying, "buy low, sell high." As for other potential buyers at a more reasonable price, oh well, suck it up, you may not check off much on your want list. But keep tabs on the market over the next year or two and prices may drop back down to reasonable prices again. I totally empathize over the "missed the boat" current mentality. I didn't buy them 1-10 years ago, and I sure not buying them now. I have always opted to put my money into quality pre-war. Hopefully there will be a trickle down to the cards I like - 1920's Exhibit HOFers, Colgan's Chips, Domino Discs, Silks, Type cards of major HOFers, the occasional Playball's, and of course T206's. |
#5
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"As long as you have the risk of paying if you win you aren't doing anything wrong."
I agree with Adam W. Last edited by MVSNYC; 06-25-2016 at 12:31 PM. |
#6
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So does Heritage:
"No Reserve: This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)" http://www.ha.com/c/ref/web-tips.zx?...sources-111815
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Collection: https://www.flickr.com/photos/132359235@N05/sets/ Ebay listings: https://www.ebay.com/sch/harrydoyle/...p2047675.l2562 |
#7
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My understanding is they have that clause solely for in-person Live Auctions. They have to have it for that. Their auction software will not allow a consignor to bid on their own lots. I am not in favor of some other things which we politely agree to disagree on, as Chris and team know, but as for that clause, I believe that is the reason.
Quote:
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Leon Luckey Last edited by Leon; 06-25-2016 at 02:13 PM. |
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