Posted By:
JKEric,
Lets assume a seller picks up a card for 2k that has a fair market value (FMV) of 7k and lists it on ebay with a BIN for the FMV. If I understand your position correctly, you would expect that seller, assuming you knew the history of the card, to sell it to you for less than the FMV, say 5k (or 2k less than FMV) as he will still make a 3k profit. Fair enough. However, Im curious if the situation was reversed, say the seller picks up the card for 2k, but its only worth 1k. Assuming once again that you know the seller and the history of the card, are you willing to pay the seller 3k (or 2k above FMV) to insure that he still makes a profit?