Posted By:
andy becker"Andy, when you look on VCP and see a certain card in PSA 7 that has sold for x dollars, plus or minus 5%, ten times in a row -- and then it sells for 3x that is called circumstantial proof that something stinks. Unfortunately, it happens a lot in the baseball card auction world."
jeff, i think your example is illustrating one of two things.
1. "must have" thinking on the part of two bidders (silly snipes come to mind)
2. two bidder not aware of market value
both occur in auctions.
could it be a sham? sure it could. anything is possible. but that example, even if there are numerous similar examples, does not lead me to believe that it was a crooked auction.
collector's focus will change. some pop in and some pop out, that's what i was talking about when i said timing is everything in an auction.