Someone stole this Clemente Rookie at auction

[rats60]

Originally Posted by samosa4u

I'm actually thinking of starting a thread on this subject. So what exactly is market manipulation? A few super-rich guys bid on thousands and thousands of auctions last summer and then just stopped? What about the cards they won? Did they pay for them or not? How exactly did it work?

Also, will we ever see prices jump like they did last summer or was that a one time thing?

There were cards that were not paid for. Auction Houses don't reveal which ones weren't. It would be nice for the hobby and collectors, but we are just left to guess.

[Peter_Spaeth]

Originally Posted by rats60

There were cards that were not paid for. Auction Houses don't reveal which ones weren't. It would be nice for the hobby and collectors, but we are just left to guess.

Yup. A certain auction house used to do this regularly. Many times I would see the same damn card that "sold" less than a month ago back on ebay at a much LOWER price, so that would tell me it was the consignor and not a would be flipper. One time I even saw a card that was in auction still in the guy's ebay store lol.

[rats60]

Originally Posted by Peter_Spaeth

Yup. A certain auction house used to do this regularly. Many times I would see the same damn card that "sold" less than a month ago back on ebay at a much LOWER price, so that would tell me it was the consignor and not a would be flipper. One time I even saw a card that was in auction still in the guy's ebay store lol.

It could also be someone bidding high to protect their investment and then not paying. I believe the last year run up was more of that than consignors shilling their own cards.

[h2oya311]

Originally Posted by rats60

It could also be someone bidding high to protect their investment and then not paying. I believe the last year run up was more of that than consignors shilling their own cards.

especially since this is actually allowed with consignments to Heritage (due to lax TX law). Huge red flag for me.