Auction roulette

[Snapolit1]

It's just amazing to me how many times I see a nice item at auction and a quick Google search reveals that the person who consigned it bought it less than 3 months ago. Sometimes last month. Bought on PWCC now at Heritage. Bought at Memory Lane now at PWCC. Bought at Mile High now at somewhere else. Etc. Etc. Is this a business model that continually works for people? If you buy at Auction House 1, you are paying more than anyone else was willing to pay. Than you paid 19.5 or something percent on top of that, and maybe tax, and then you paid (probably shipping). Then you pack it up, pay shipping again, send off to Auction House 2, and then pay another commission for the privilege of them reselling it. I guess I can imagine this working in some situations but not consistently. If you held the card for a year or so I could see it working a lot more often. Transaction costs are just too significant.