Tough back crazy price...

[Mikehealer]

I was watching this one and couldn't believe the final price.
Great card with a tougher back, but wow the seller has to be(pleasantly) surprised with that price.
http://cgi.ebay.com/ws/eBayISAPI.dll...=STRK:MEWAX:IT

[3-2-count]

I saw that Mike. Insane!! If you look at the bid history if not for the under bidder's bid the winner would have won it for darn near $900 bucks less.
OUCH!! Don't you just hate when that happens.

[Mikehealer]

I saw that Tony, you know the seller liked that as much as the high bidder didn't.

[3-2-count]

No doubt Mike. I bet both the seller & high bidder fell out of their chair once bidding ended.

[ChiefBenderForever]

Mike you said you were gonna win that one what happened ?

[Mikehealer]

I said I would like to have it, but I didn't want it nearly as much as a couple of others.

[Rob D.]

I doubt the selling price of this card is relative to what the brown Lenox Lajoie will sell for. The buyer of the Cycle doesn't think it's worth $1,825. The unrealistic price likely is the result of two bidders placing extremely high bids in hopes of ensuring they would top all others. One of them did, and paid a premium to do it, because someone else used the same strategy. It happens.

Such a scenario can't play out in an auction that doesn't have a fixed ending time, like eBay does.

[Leon]

Originally Posted by Rob D.

I doubt the selling price of this card is relative to what the brown Lenox Lajoie will sell for. The buyer of the Cycle doesn't think it's worth $1,825. The unrealistic price likely is the result of two bidders placing extremely high bids in hopes of ensuring they would top all others. One of them did, and paid a premium to do it, because someone else used the same strategy. It happens.

Such a scenario can't play out in an auction that doesn't have a fixed ending time, like eBay does.

Good points Rob. I agree that both top bidders probably had the same strategy. I would be pooping in my shorts if I won that card on ebay for that price. It's a great card but that is a very, very strong price for it.

[barrysloate]

Originally Posted by Leon

Good points Rob. I agree that both top bidders probably had the same strategy. I would be pooping in my shorts if I won that card on ebay for that price. It's a great card but that is a very, very strong price for it.

That's why you should never leave a snipe that is higher than what you are willing to pay for something.

[Doug]

At least I'm not the only person who buys cards at twice what I can sell them for.

[B O'Brien]

I have been stuck once or twice at a price I thought was top dollar for a card on a late bid, but WOW. Those are a couple of BIG max bids.

I had to take a 10% ($300) hit on the P42 Cobb last year after putting down a big last second bid. I wanted to keep the card, but had to sell because of what I had to pay on it. I tell you, there is nothing like thinking you are going to be in good shape with a nice card at a good price, then BOOOM, it takes a $1000 jump in the last 3 seconds.

I hope for the buyers sake that card is not seen on the market for many years. Great card for the collector, heavy durden for the flipper/investor.

How long has it been since one of those has been on the market?

Hope all is well and everyone is enjoying the fall,
Bob