Quote:
Originally Posted by Vintagedeputy
No, it’s a pretty good indication of what that exact item was valued by the buyer and seller who agreed on that price yesterday. What I value my item at and what a buyer may value it at could be completely different and shouldn’t be compared to what someone else valued an item at yesterday.
Let’s say that 5 of the same card, all graded 9’s sold for $10 to $20 last week. I have the same card, but it was a gift from my loving grandfather but now I’ve decided to sell it. While that card’s average sale may be $10 to $20 in 5 previous sales, it may take a higher offer for me to let go of the treasured card. Likewise, a buyer may look at my graded 9 and say to himself “wow, this 9 looks better than the other 5 graded 9’s and has nicer eye appeal, so I’m willing to pony up $35”.
Why should my card be compared to 5 others? Shouldn’t this buyer and seller determine value of this card on its own merits and not what someone else accepted for their card yesterday?
We hear time and time again from sellers at card shows who put a price on their card and potential buyers come up and start quoting comps to them. If I put a sticker on my card with a price, a potential buyer can look at it to decide if it’s too high or not for him or if he wants to make a counter offer because we are now discussing that exact card. That exact card should not be compared to what anyone else sold their card for previously.
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Jim, I assume you buy cards to resell or for your personal collection. Do you ignore comps when buying as well?