Quote:
Originally Posted by 4815162342
Jim, I assume you buy cards to resell or for your personal collection. Do you ignore comps when buying as well?
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Daryl,
I rarely buy cards to resell. My reselling activities mainly consist of antiques, other collectibles, or just about anything I find that I can make a buck on. Yesterday for example, I bought a coffee mug and a rechargeable drill that are going to be listed for sale soon. I’ll buy a coffee mug, a woman’s coat and a kitchen mixer if I think I can flip it for a profit.
I do buy cards, pinback buttons, pennants and other stuff for my sports memorabilia collection and yes, I ignore comps. I don’t care what someone else paid for something yesterday or last week. I look at the item that I’m thinking about buying and decide if the asking price is one that I’m comfortable with. Sometimes I make a counter offer and sometimes I fully accept what the seller is asking for it because I like it that much and don’t disagree with the number they’ve come up with. That could be based on any number of factors and comps could be higher or lower. I don’t worry about the comps, though. I judge the item I’m looking at buying at the moment and the price being asked and make my decision based on that. It’s really that simple.