maybe they didn't mean to win the card...and are now regretting it?

That guy is a reseller, it's what he does. Apparently he thought it was a deal. He's the guy who had the $2 million worth of cards stolen in Dallas.





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On a 31k card? Hell of a mistake if true.

Sounds like the parable of the scorpion and the frog.

When you have that kind of capital and following, there are no mistakes. Only profits and slightly lower profits.

That is usually his business model. Find cards that he thinks were sold cheap in an auction, or pick things up at shows, and look to flip them immediately online or at a show.

I don't understand how it can work, since REA items get exposure to pretty much anyone who would be in the market for items in that price range - but he keeps doing it, so it must be working.....

Obviously this was one of the 125-150 lots that sell for below market value in every REA auction. It probably wasn't marketed well and/or didn't have good placement in the catalog (probably on Page 241). If you have an eBay store, let alone since 1998, and attend shows, it's only logical that you'd buy many of these massive bargains and quickly turn around and sell them for a profit.

You would be surprised by the number of people who don't know about or don't trust the auction companies. There are also a lot of folks who refuse to look at auctions simply because of the BP. You and I might not get it, but that's how some people are.

I am not as familiar with 1914 CJs. Were these massive bargains?

Probably not at this time for those. If they were bargains, each would have sold higher.
Just my opinion.

Sorta confuses me a bit too. I wouldn’t expect to be able to routinely turn around resell a piece at a big markup. But apparently it’s working for some sellers, in spite of my skepticism.

And I think this highlights how auctions don’t always deliver the highest and best price. Whether that’s because some people don’t touch auctions, or because the piece is just that rare and awesome, and buyers will pay whatever you’re asking. And maybe it’s both, plus other factors that drive this dynamic.

I wouldn’t expect Cracker Jack stars to be missed by many in one of REA’s big auctions. Three days later asking 30% more seems a little odd I don’t know 🤷*♂️

The 1914 CJ set (& even 1915 to an extent) has zero commons at this point. Sure I’m being sarcastic, but it’s true … dollar-wise. If any cards were missed.

Don't know about the 15's but there weren't many (if any at all) bargains with the 14's. Many set new record high's. I think the strategy with the JJ is that maybe some of his clientele missed the auction and would be willing to pay a premium over the auction price. If not now, market will catch up to ask quickly with the way 14's are running.

The guy is obviously 'Re-listing for the fences!!!'

Rightfully annoying to many of us on a base, knee-jerk level, but if it works out then we could be looked at as the greater fools in this crazy game of collecting. :eek:

Most people don't have infinite money to spend in every auction. So it could often be the case that someone who was willing to go higher even a lot higher on a given card had other priorities in that auction, or elsewhere, or was just maxxed out temporarily. While it's relatively unlikely Ashish is just going to flip a card a few days later for a substantial profit, eventually that buyer might be willing and able to pay more and get that card he had to pass on earlier. And as a dealer Ashish also can do trades and package deals. So it's not all that surprising that this model could work out, especially given time.

So true.

I spent 25% more on a low five figure card 4 months after it sold at public auction. At the time, I was going for a much more expensive card but lost out. I am still glad to have the runner up card in my collection even at a much costlier price.

It happens all the time with the shiny stuff at lower values, but I can't figure out why the hell he's doing it with high end vintage cards.