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Originally Posted by BobbyVCP
Some really great stuff posted....
The point about not knowing if a sale is real or not really does not pertain to the vintage material for the most part. At VCP we see a lot of it in the modern material for a card that does not have a recorded sale so the seller tries to set a standard with a fake BIN sale, then lists the same card in a regular auction which generally sells for about 1/3 of the fake sale. At least on our site it is blatantly obvious what is being done because you can see that they are the same card in the same case and listed 10 days later. Of course we catch these and delete the fake price. We are in the process of putting in some new software to catch these as they happen so we can get the old ones deleted as the new listing is put up so that there is no record of the fake sale on VCP to sway a potential buyer.
Basketball was the craziest section by far and away and in the past week or two I have seen it start to cool down.
There is a lot of money that just came into this hobby, I talked to a new member of VCP to help him set up his My Collection and since this July he has bought over $3 mil in card.....CRAZY. He started off with modern basketball but quickly got into vintage baseball buying PSA 8 Goudey Ruths, etc
We are experiencing a different time and we will see how this all shakes out in the next year or so....I do believe things should start to level off but not crash.
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Great post Bobby. VCP is an absolutely critical tool for any collector (I literally just re-upped my gold membership last night), and it’s good to know that you continue upgrading the tool’s technology.
The bit about the recent investor who started off modern but then turned to vintage is interesting and instructive. I think it indicates (certainly does not determine), that ultimately, vintage baseball is king and the natural tendency for new collectors is to start modern, or with the guys they know/grew up with, but then to “take a ride backwards down the number line” to the vintage stuff. (Phish reference).