Posted By:
bruce Dorskind
Whilst we find the discussion on Buy It Now Offerings on E Bay
to be quite interesting, it is, in our opinion academic.
We must remember four facts
(1) EBAY is a business. The objectives of the seller and buyer are
diametrically opposite. The seller wants to receive the maximum
price and the buyer wants to acquire the item for as small an amount
as possible
(2) There is not an established market for baseball cards. If one looks
at a random analysis of 100 pre-1960 high grade cards on Vintage
Card prices, one finds wild swings in many individual card prices.
If one looks at the sale of the same card in a Goodwin, Mastro, Memory Lane
and Huggins Scott Auction a (all within a 12 month period) prices often
vary as much as 200-300%
(3) Whilst it is not appropriate to ignore a response, we can assume
that the dealer or seller recognizes the differences between a "serious
offer" and someone who is nothing more than an annoyance
(4) Although the vast majority of BIN cards do not sell, some do and are
later auctioned at record prices. Over the past year a distinguished dealer
had an E 93 PSA 7 HOF on E Bay- for a high, but fair BIN/Best Offer Price.
Finally the card made its way to an auction house. The price realized with
the buyer's premium was within 5% of the last BIN price
This is America. Capitalism will always rule. Buyer beware. Seller beware.
Happy New Year!
Bruce Dorskind
America's Toughest Want List