[QUOTE=Harliduck;1270883]
Quote:
Originally Posted by japhi
Anyone that has VCP access and is following certain cards know that for every shilled auction, there is some idiot pulling the trigger on a BIN at 30% over the previous sale. QUOTE]
I will take exception to this comment. I have been that "idiot", as I am sure MANY here have been as well. When I knowingly overpay on a BIN, it's because I want/need that card, and at that time, that price is what that card is worth. And if I deem that card is worth that amount, well, than that is an accurate reading on value. ANY card is only worth what someone is willing to pay, not what any VCP or any "guide" is reporting. I often times see these guides oblivious to market realities...I see it in reverse all the time as well, our own B/S/T always has sought after cards under the "VCP" price, advertised as such, and not get a second look. Supply and demand dictate price, and often times the demand for an overpriced BIN is purchased because there is no supply to fuel the demand. Calling that purchaser an "idiot" is ignorant.
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Idiot was too strong and I would be labeling myself and idiot then as I've overpaid for a card I like.
My point was collectors pay inflated prices all the time, be it through shilling, BIN's, or just plain ignorance. We've seen lots of threads that show where a buyer pays more for a card from a consignor like PWCC or Probstein than a similar copy available at a lower BIN or an auction that closed a few days earlier that was half the price. As long as the collector is happy with his purchase I don't care if the auction was shilled, a stupid high BIN or an over graded card. Buyer beware and all that.