Would you use Ebay to flip a big $$$ card?

[nolemmings]

I thought this was rather strange. This m101-4 Joe Jax card sold for just over $10K in Legendary 5 months ago: (sorry for the huge scan)

http://www.legendaryauctions.com/Lot...x?lotid=114118

Last night, Broadway Rick sold the exact same card on Ebay for $7965.
http://cgi.ebay.com/ws/eBayISAPI.dll...K%3AMEDWX%3AIT

This is puzzling to me for a few reasons. First, I would never part with that card unless financially required to do so, and while m101 Joe Jax cards routinely get flipped eventually, this is awfully fast. Second, the Legendary price was not cheap, so I wouldn't expect to make out on any flip. Third, if you need/want to flip it, wouldn't you stand to get more bang out of one of the auction houses than ebay? (note: he listed it with $7865 reserve, meaning he was willing to take a $2K loss and did).

Just curious as to your thoughts on why someone might do it this way.

[D. Bergin]

Selling it on Ebay is one thing. I think if promoted properly from the right seller, Ebay prices can be just as strong as auction house prices.

What I don't understand about this auction is it was only listed for 5 days. Spend the extra 40 cents and list it for 10. Gives the big dollar buyers a bit more of a heads up.

It looks like somebody needed some cash flow, possibly for another purchase or to settle debts, and was willing to take a loss for this particular card.

[oldjudge]

Isn't the seller Broadway Rick?

[Leon]

Originally Posted by oldjudge

Isn't the seller Broadway Rick?

Yes and he could be the buyer too

[LanceRoten]

I would only part with a card like that if my near 80 year old mother needed major $$$ or if I were being threatened with a trip to the bottom of a river

[esehombre]

Originally Posted by Leon

Yes and he could be the buyer too

Leon--that was great, I needed a good laugh like that!

[Rob D.]

Kind of surprised he didn't post it in the April pick-ups thread and say how thrilled he was to get it, then wait a week before listing it on eBay. That seems to work well for a lot of folks.

[glchen]

Assuming the seller didn't sell the card to himself (or a friend), I would assume this is a firesale, and the seller needed money. Ebay is the fastest way to get payment if you need funds immediately. Consignments will typically get you higher prices, but it takes time for you to get paid off, and sometimes you need funds immediately for whatever reason.

[bcbgcbrcb]

WOW, an auction that went from 9.99 to 7900+ in only 9 bids, that might be some kind of record