Quote:
Originally Posted by Exhibitman
I do think that the snippy commentaries about sellers who use a reserve wanting more than "market" are misplaced, though. There is no overarching moral rule that a seller has to take whatever a card brings in an absolute auction, nor is there any fixed price market for cards. So long as the legal requirements for a reserve auction are followed an auctioneer is perfectly within its rights to offer lots subject to a reserve and the prior "market" price on cards is just whatever some seller was willing to accept for the card in the past under some circumtance. Different seller, different set of priorities and different circumstance. That's why it is so difficult and ultimately disingenuous to structure a price guide on theoretical prices for cards that haven't actually transacted; you just don't know...
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The point of the market comments is not to base the value on what similair cards have sold for in the past, but rather, what the market bore out for this exact card as it was offered in auction. The amount it hammered for is exactly what the current market will bear for the card - if two folks out there there were willing to pay any more, they would have bid higher. Hence, we know the value of the card in the current market.