Quote:
Originally Posted by Peter_Spaeth
Travis, redo your numbers by dollar volume and not sheer number of sales and see what you come up with. Even if your numbers are right, and I doubt it, they’re misleading because the vast majority of cards are relatively inconsequential. It’s the big cards where the shenanigans are.
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Ya, I agree that shill bidding is more of a problem with higher end collectibles. But if we're discussing the impact of shill bidding on market prices in general, then it's more relevant to look at the effects of widespread shilling activity than it is to focus on a few select auctions where a whale might have gotten fleeced. If you look at the Jordan rookie PSA 10 that sold for 840k as an example, that may have had a huge impact for the parties involved in that one transaction, and perhaps it had a small effect on one or two other sales of PSA 10s, but it didn't affect the broader Jordan market or even the market for that same card in lower grades hardly at all. I was paying attention too, because I have a few mint 86 Fleer Jordans and they didn't go up at all after that sale despite it setting a new record.