Quote:
Originally Posted by Rhotchkiss
I think comps are important and I base most of my buying and selling decisions on them. That said, they need to be real comps- temporally relevant (last 1-2 years), an auction sale, and the physical attribute of card that sold needs to be compared to the card at issue. Some dealers don’t like to acknowledge comps, or listen to them. That may keep us from agreeing in price/doing a deal. So be it. Plenty of people to buy from. But that is why I like auctions - the items are necessarily for sale and the market determines the value/comp.
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I agree completely with Ryan. If a comp is relevant, based on graded and observable condition, and reasonably close in time, how can that not help set the value? Yes, every card is different, but grading and data have leveled the playing field on value determination and it’s an important tool. Don’t get the anger if it’s used appropriately. The times i have most issue with it is with the increased scrutiny on condition for higher grades at the third party grading services, many older grades are not a relevant comp. So you still have to judge each card. Still, more (and even some) info on past sales still is helpful.