Part of it is the old school way of thinking. If a PSA 8 card generally sells for $XX, then some dealers will look at an ungraded card and say, "This is definitely 8-worthy!" and price it near that level. Since it isn't actually an 8, the basic logic is way off. It reminds me of how 1972 high number commons always seemed to 'book' for $12...yet they were always pretty plentiful and I never paid even close to that much for one (man, I love that set!!)...and sellers at shows would have them marked at around $12 apiece (regardless of what shape they were in), and never sold any. The next show you went to, the same sellers would have the exact same cards laid out yet again. They only looked at BV and didn't bother considering the reality of the situation.
|