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#1
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I have never used it but this is my understanding from people that have. After the auction is over the owner of the card/item basically consigns it to Memory Lane. Then they(ML) try to sell it for more then the new owner paid for it. They also do it with items that do not get a bid.
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#2
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Funny though, if Neshek was offered the card and turned it down why wouldn't it be listed on their site? Unless they sold it. If it is a program as you describe, I am also surprised there are NO items offered |
#3
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Side note: Neshek is awesome. He tweeted his address for people to send cards to for through-the-mail autos.
__________________
Need a spreadsheet to help track your set, player run, or collection? Check out Sheets4Collectors on Etsy. https://www.etsy.com/shop/Sheets4Collectors - Hall of Famers Progress: 318/340 (93.53%) - Grover Hartley PC Needs: T207 Anonymous Factory 25 Back, 1914 New York Evening Sun Supplements, 1917 D328 Weil Baking Co., and (possibly) 1917 Merchant's Bakery - Jim Thome PC - Cleveland Indians Franchise Hall of Fame |
#4
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By the end of this season Neshek will have earned $23m playing baseball.
Say that he looses half of that to taxes and agents. He's down to $11.5m. So he bid about 5% of his net life-time earnings on that card. Anyone here ever bid 5% of their net life-time earnings on a single card? Of course I suspect that he bid far more than 5% of the cash that he's got on-hand. If he's anything like most young people who suddenly come into money, a considerable part of that $11.5m was probably spent on fast cars and the like. Now that I think of it, somebody should take him up on that twitter thing, get an auto, and ask him what his monster number is. |
#5
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Here is an article from the Wall Street Journal about Neshek's collection that I posted a couple of months ago:
http://net54baseball.com/showthread.php?t=239976 |
#6
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#7
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The Memory Lane phone call is odd....if he wanted the card, he would have bid more during the auction. Odd that he got a call asking if he wanted to pay substantially more. I would have laughed if they had called me......
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#8
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I think a lot of us have woken up the next morning after an auction and realized we should've bid more, or just missed the end of the auction. I know I've done both.
A few years ago a friend was the underbidder on a big dollar card in a high profile auction, and was offered it by the auction house for his top bid a week later. As the story goes the high bidder reneged, but the auction house went after the high bidder and recovered the difference between my friends bid and the high bidders. |
#9
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I had that happen to me once and I think it was Memory Lane. About a photo. Was sometime after the auction and I assume the winner refused to pay for some reason.
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#10
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#11
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Makes me glad I don't have any of these 'rich person' problems.
The 1% or even the 5% can have all that! .
__________________
. "A life is not important except in the impact it has on others lives" - Jackie Robinson “If you have a chance to make life better for others and fail to do so, you are wasting your time on this earth.”- Roberto Clemente |
#12
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I believe the PSA 1 was in SCP, not Memory Lane.
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#13
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Besides, the guy can spend however much of his money however the hell he wants. He earned it.
__________________
instagram: mattyc_collection |
#14
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Pat Neshek is an incredibly nice guy and one of the very rare good guys who made it and didn't forget where their roots or interests are. He's not some "investor", he's a collector. A lot of one than most of the clowns that bid on those high dollar items.
When he was with the Twins he used to regularly shop the floor at Twinsfest and was involved in regular guy collector conversations with regular guys. A total class act. To talk down about him shows how jealous you are of his success and his ability to take a run at the Wagner. The guy has probably wanted one since he was about 10 years old. Get a clue. |
#15
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I think there's some misunderstanding going on here. I was just impressed that someone would bid that much of their total life earnings on a card, I certainly wasn't trying to denigrate him. Indeed, I suggested that we ask him what his monster number is. Frank's thread needs another entry.
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#16
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Neshek has in his career. By most standards, this player lives quite frugally for the amount of money he earns....there are many more expensive places to live in our area. This means that he can afford to buy such a card if he wanted to and still have plenty of money left over due to his frugal lifestyle. For me, to spend 5% of my lifetime earnings would be impossible to manage, but for someone who has earned $20M+ and lives frugally, there is no reason they could not afford to spend 5% of their lifetime earnings (on something that will appreciate in value). |
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