Quote:
Originally Posted by Belfast1933
Jumping into the comps discussion… I find that people sometimes forget that comps change (higher or lower) over time. “You’re charging over comp…”
Sometimes true - if not true, comp prices would never go up.
As others have said - comps are a good guard rail but they are not absolute (even though they may seem so to some)
(I’ll also add that I find VCP to incredibly valuable both as a seller and collector - keep up the great work)
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its like any other market. the more actionable data you have the better decisions you can make, but you also have to be prepared for seismic market shifts based on changes in real time behaviors/circumstances/environmental factors, et al. its actually quite interesting how well this thread intersects with the other one posted by peter about bid inflation. it directly relates to and exemplifies one aspect of how comps can be inflated and/or deflated by even small scale (or large) market actions by 'good' and 'bad' actors alike.