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Posted By: John

Scott you keep avoiding my question to you. I understand assets and liquid capitol all to well are you now implying I’m Ignorant? Yes it’s true some companies live from paycheck to paycheck. But large companies don’t use working capitol like a pawnshop for the quick buck as you so easily think they do.

No one buys a 2 million dollar piece of property then flips it for more than half its value just to stay liquid. That’s the same mentality of a crack head selling a Rolex for a sandwich because he’s hungry. Use your head a little Mastronet is a company which puts on about (3-4) 15-20 million dollar total auctions a year.

We know they charge both a $75 dollar per person yearly fee. They also obtain a 15% sellers fee and 15% buyers fee on that 15-20 million right. So were talking about a company that safely makes millions of dollars a year. Do you really think Mastronet writes checks for all these lots from his company check book. I would take a guess that he uses working capitol from several places (Loans, Lines of Credit, Private Investors?) etc. Regardless of how he pays no company looses 1.2 million dollar in profit on anything no matter how tight their capitol is.

Yeah I don’t see your point and Jay were not talking about a 100k here or there sure that would make sense. According to Scott & Greg were talking about a whole 800k or more in value that’s a big oversight.

Bill I’m not trying to have a Pi$$ing match with these guys. This forum is used for education for many lurkers and if I were to start making wild accusations about cards when they were made or how they were produced, you guys would be all over me. To me it’s no different here you state that these cards a worth more than double what was paid I’d like some real good reasons to back those up.

I think 800k was the perfect price in fact maybe a bit much. I bet Bill Mastro got two speeding tickets heading to the bank with his oversized novelty check to cash that baby! If Mastronet “Brokered” any quick deal it was to put the seller in touch with the buyer for a fee. It had to be the right price or it would not have been sold period! If today the Mona Lisa is offered to me for 1 million dollars and I had to sell everything I own to buy it, and I had to live on the street. I wouldn’t sell it tomorrow for 1.5 just to get my house back real quick. I think I’d find a grate cuddle up and wait and sell it for the several 100’s of millions its worth!

What I don’t get is why you and Greg both have made this outlandish accusation that not only Mastronet but also all parties involved (The Seller, The Buyer, Mastronet). Have no clue of the proper value of this set of cards and all parties either to their advantage (Buyer) or to their disadvantage (Seller, Mastronet) have missed “conservatively” over a million in profit! Maybe you should call these parties up and let them in on you recent market evaluation of these cards.

But Bill I do agree with you we should spend more time enjoying cards vs. pricing them it’s a shame our hobby has come to this. But this is part of the reason it has there is no real idea of value any more. With this Dr. Evil mentality “its worth one million dollars” (pinky finger to lip) It’s worth what someone is willing to pay you, which in this case is 800k not 2 million that’s all folks! If it was worth a penny more I do believe it would have sold for it!


P.S. We are talking about a major significant once in lifetime find right? You generally take your time with something of this magnitude you just don’t roll through with a business as usual mentality! If I found a new copy of the Declaration of Independence I’m pretty sure I won’t be listing it on eBay!