Personally, I think it can be broken down into two large categories -
1. People with cards to sell have noticed prices dwindling on Ebay. The down market combined with Ebay's "unfriendliness" to sellers as of late has naturally caused many to rethink taking a chance on their cards doing poorly and prefer to hang on to them for the time being. Many of these people might also be relatively unfamiliar with house auctions and/or our forum here so they might not be left with an alternative besides to just wait for things to get better.
2. And this applies to me....I've bought a lot of cards in the past few years when the market was strong and unfortunately, VERY strong in some cases. To auction them off now means I'll certainly be taking a loss on things. I'm definitely still a collector but the investor side of me doesn't want to see me losing money on my cards. I still sell things on BST quite a bit, but there I get to pick my own price, at least break even in most cases, deal with people I know and not have any "costs" associated with selling cards the way I do with Ebay/Paypal.
|