Quote:
Originally Posted by 68Hawk
These cards weren't 'worth' $20000.
They were worth what they sold for - $10000.
If only one other bidder believes an item is worth double what it sells for in the majority, how is it 'worth' the higher number. At the higher number, the sale merely represents an overwhelming desire to own the item beyond logic and likely recompense, and clearly evidences over estimating the items worth.
Should the item be available for sale again, and the one other bidder who is willing to bid highly has found his itch scratched and is no longer looking.....the number at which most see value is the true worth of the item.
Everything else is sheer pride of ownership in its many guises.
Oh, and the guy who dudded you is a cad, as Adam pointed out in an earlier post.
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There's often a "break" value in lots where the sum of the single items is greater than what the lot sold for. This is usually because collectors don't want to spend a whole bunch of money for a large lot where they only want 1-2 cards, and then go through the trouble of trying to sell the extras they don't want.
Here is an extreme example of a 53 card lot that went for ~12K in an REA auction:
Link, and then a single card out of that lot (the M101-6 Cobb) went for nearly 20K by itself:
Link. There's no picture of the card in the Goodwin auction, but it was the same card as this was discussed as it went down here:
Link.
Again, this is an extreme example of a lot that obviously went under the radar, but it's fairly common where if you buy large lots, you can sell the cards individually and do quite well.