Quote:
Originally Posted by Johnny630
What about a set break raffle ? I’ve been seeing these lately. Like say a 55 Topps $50 a spot each spot wins a card.
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Exactly right, but I believe the correct term would be a "vintage break". Quite a while ago I had said I could see a possible market for people selling off their collections as they get older, using such a technique. Say you had collected a set, '39 Playball, and were ready to sell it off. Rather than going through the trouble of breaking up the set and selling the cards off individually, or at least selling off the star/HOF cards individually, you call for a vintage break of the set instead. Set the price per spot, and you can pretty much lock in what you'll make, while also selling off the entire set all in one transaction. Selling the entire set piece by piece can entail a lot of time, effort, and potential loss if you go the auction route, and the market doesn't step up for what you have.
And since everyone with a spot gets a card from the set, there is no true "gambling" aspect involved where someone could end up getting nothing, which can land you in legal trouble in some states.