Let the bidding frenzy begin......

[ctownboy]

For those who think "outing" an auction is OK, I say you are wrong.

If you don't have the time (or are too lazy) to comb through page after page of over-priced cards or shiny new junk on eBay, I ask WHY you should get the advantage of bidding on or buying a card you did little to no work for?

If I person puts in the time on eBay to find an under-priced gem then I think they should get the reward for that effort.

I mean, how would YOU like it if YOU were to go to the National and spend hours walking the aisles and YOU found something under-priced in a dealers case and, just as YOU were going to buy it, I stepped up and said VERY LOUDLY, "Wow, look at how low priced this rare card is?". Would YOU be upset about that?

Look, people think it is OK, to drive around neighborhoods looking in garages with their doors open and out in the countryside for parked cars that might be for sale at bargain prices.

People think it is OK to study and learn about real estate and then go looking for bargain properties to buy.

People think it is OK to comb the Wall Street Journal or look on line for under-priced stocks that they hope to buy and make a profit on.

Hardly anybody begrudges these people their time and effort (work) that they have put in to these endeavors in hopes of making a profit so what is the difference about a baseball card?

If YOU were the guy who found the rare car or the under-priced piece of real estate or stock, how would YOU feel if, after all of YOUR time and effort, somebody else came along and let a heck of a lot more people know about what YOU had found and THAT caused the price to increase?

Personally, I would be pissed. I think the SAME consideration should go for outing auctions.

The only way I think an auction should be outed is if there is a misrepresentation that can be or should be corrected (for auction houses) or, if on eBay, a seller is trying to sell a fake or reprint and we think people should know about it so that they don't get ripped off.

That is just my two cents on this issue.

David.

[Jlighter]

Originally Posted by ctownboy

People think it is OK to comb the Wall Street Journal or look on line for under-priced stocks that they hope to buy and make a profit on.

And when people give a recommendation on CNBC or some other news network, people don't go in an uproar if it was their stock that they were watching.

[vintagetoppsguy]

Originally Posted by ctownboy

If I person puts in the time on eBay to find an under-priced gem then I think they should get the reward for that effort.

That is true. They should get that reward, if they choose. Then again, it's their information and they can also divulge it, if they choose. In this case, the OP put in the time on eBay to find an under-priced item (just as you described above), so it's his information to do with as he pleases. If he wants to keep it to himself, he has an opportunity to be rewarded for his efforts. Or if he wishes to divulge the information, so be it - it's his information because he put in the time/effort as you described.

[Bigdaddy]

One thing that Ebay has done is to bring together buyers and sellers (from around the world) and let the market determine the price of an item - better than almost any other mechanism that I can recall in my limited experience.

For every buyer that gets a 'steal', a seller loses a potential profit. If a fair price is agreed upon, then both parties walk away content.

I guess I just don't see what's wrong with letting the market work efficiently.

So yeah, I'd be bummed if I had a beeline on a mis-catagorized card on the Bay and thought I was going to get it for some less-than-fair price, but I've got no right to whine and complain because someone out-bid me.

[ullmandds]

David...well said!

[T206DK]

cry-babies .....man !!! these are baseball cards guys....not stocks,bonds,gold,real estate,or anything with real value. A card in an outed auction is only worth what someone is willing to pay. I , unfortunately could not trade the chevy dealer up the road some T206 hall of famers for a new car. he told me I had to have real money

[ullmandds]

If a patient came into my practice and had a box of tobacco and caramel cards...and no insurance or cash...id happily trade my services for cards.

Cards are currency...you are incorrect!

[ctownboy]

Jake,

Yes, a person who had already purchased that stock would certainly be happy if a person went on CNBC to tout it and it apreciated in value because of the recommendation. But that is not what happened with the Ruth card and you (and others) don't seem to understand this. The Ruth card didn't sell and THEN the auction was outed, the Ruth card was still up for grabs when the info came out about it.

This would be like YOU doing research on a stock and putting in a market order tonight and going to bed feeling happy about the potential profit you were about to make because of the effort YOU had put in and THEN finding out tomorrow morning that you DIDN'T get the stock at the low price you thought you were going to get it at because at 9:15 A.M., an analyst went on CNBC and touted it as a raving buy because of whatever reason.

Vintagetoppsguy,

If a person were interested in this Ruth card and thought it was flying under the radar and was, thus, under-priced, WHY for Heaven's (or Pete's) sake would they come on this board and out it? Why wouldn't they just keep quiet until AFTER the auction had ended?

T206dk,

"cry-babies .....man !!! these are baseball cards guys....not stocks,bonds,gold,real estate,or anything with real value. A card in an outed auction is only worth what someone is willing to pay. I , unfortunately could not trade the chevy dealer up the road some T206 hall of famers for a new car. he told me I had to have real money."

Really? Cry babies? These cards are NOT stocks, bonds, gold, real estate or anything with real value?

WOW!!!!!

Let me ask you this? If you wanted to buy this card and had the choice of paying $4,000 dollars or $10,000 dollars which would you choose? Would YOU be upset if for some reason somebody else caused you to pay the additional $6,000 dollars?

If you OWNED this card which would you rather have, the $4,000 or the $10,000? In either case, that $6,000 dollars IS REAL MONEY!!!!!

If I had $10,000 to spend on cards and could buy this Ruth I would be happy if I only had to pay $4,000 dollars for it. Because that would mean I had $6,000 dollars to spend on OTHER cards.

If I OWNED this Ruth, I would be happy if the price jumped from $4,000 dollars to $10,000 dollars because that would mean I HAD an extra $6,000 dollars to go to the car dealer and buy a car with.

Finally, for those who don't think outing an auction is such a big deal because, in the end, the seller gets more money for what they are selling, do YOU pay full price at a business when THEY are having a sale? I mean, YOU wouldn't pay less for something that a business is selling because if you did that would mean that business wasn't getting as much money as they should be getting.

David

[Jlighter]

Originally Posted by ctownboy

Jake,

Yes, a person who had already purchased that stock would certainly be happy if a person went on CNBC to tout it and it apreciated in value because of the recommendation. But that is not what happened with the Ruth card and you (and others) don't seem to understand this. The Ruth card didn't sell and THEN the auction was outed, the Ruth card was still up for grabs when the info came out about it.

This would be like YOU doing research on a stock and putting in a market order tonight and going to bed feeling happy about the potential profit you were about to make because of the effort YOU had put in and THEN finding out tomorrow morning that you DIDN'T get the stock at the low price you thought you were going to get it at because at 9:15 A.M., an analyst went on CNBC and touted it as a raving buy because of whatever reason.

I actually was talking about if the stock was on someone's watch list and not yet bought. All info for public stocks are just that "public". You and I have the same access to the same information. Obviously fees are charged for expert opinions and analysis, but the basis is still there.

The same applies with eBay, this isn't some arbitrary estate sale in Wichita Kansas. This is a listing on a website that everyone and anyone can lookup. Every listing on this website can be found by anyone. If someone finds a listing people might be interestead in it is his privilege to report, keep it to himself and/or tell a select few.

If I had the option to have

A) all listings placed well, described well and scanned well.

B) all listing placed poorly, described poorly and scanned poorly.

I would choose A every time. I would prefer every person to have an equal opportunity to purchase every item.

[teetwoohsix]

David- since you are throwing out hypothetical situations, let me present you with this hypothetical:

I stumble upon a rare Ruth card that isn't listed correctly on ebay. I know that there may be 30 to 40 board members who would love to bid on the card, but I'm not sure that they even know about it. I have no intentions of bidding on it myself, and it's a 24 hour auction. I just worked all day, and don't have the time to PM every board member I think would love to bid on this card, being that the auction is already underway.

Do I bring the auction to the boards attention, thus giving my fellow board members a shot at the card they may not have known about-or-do I not say anything?

I'm not saying this is the reason the thread was started, but would love to hear your take on this hypothetical. Thanks-

Sincerely, Clayton