Selling cards at a loss

[1952boyntoncollector]

Originally Posted by scooter729

The philosophy of "I paid this, I can't sell for less" drives me nuts from a business perspective, on easy to locate cards. That same person would never say, "well, I paid $500, so I'll sell it for that, even though the market says it should be $1,000 now."

If you're going to take advantage of market prices when there's a profit, you should be aware of the going rate when trying to sell. Or else you'll never sell an item.

I have a basketball card which I bought for $750 during the basketball peak, a year or so ago. It's worth maybe $400 now. If I needed to sell it, I would sell at the going rate of $400. Insane to think that because the owner paid more than the current going rate, to expect someone else to then do the same as well.

well they dont have to sell it and they telling you why..
'
some buyers say 'i only want to pay $300 or whatever and they only have that much money on them when market price $500' so realize there are all kinds on both sides