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#51
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T210 Joe Jackson on EBay!
Posted By: Judge Dred (Fred)
ebay reserve price listing fee is as follows: |
#52
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T210 Joe Jackson on EBay!
Posted By: Harry Wallace (HW)
Marc S. |
#53
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T210 Joe Jackson on EBay!
Posted By: Harry Wallace (HW)
Hal, |
#54
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
I hope that I am DEAD WRONG about this auction. |
#55
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T210 Joe Jackson on EBay!
Posted By: Judge Dred (Fred)
I think most of us don't like the PRIVATE auction feature on ebay because we can't publically monitor the bidding. That is one nice feature about ebay (public monitoring). |
#56
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T210 Joe Jackson on EBay!
Posted By: zach
Ya but i'm sure many of the people bidding are rather private and don't want their ebay name assosciated with being able to spend over 100k on a card and have people drawn to there name and look at what else their bidding on or have won in the past. |
#57
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T210 Joe Jackson on EBay!
Posted By: identify7
The good news is: We are now under the nine day mark! |
#58
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
BigEds is selling the item on CONSIGNMENT and the OWNER is the one who set the reserve... |
#59
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T210 Joe Jackson on EBay!
Posted By: BlackSoxFan
Privacy is only an issue if someone makes it an issue Zach. I have plenty of id's on ebay that no one knows belong to me. The few people on here that know one of them only know b/c i let it be known. The idea behind a private auction of this magnitude (assuming it is legitimate) is to avoid having people emailing information to potential buyers and bidders. |
#60
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T210 Joe Jackson on EBay!
Posted By: zach
Ted thats what it could be going on or the seller could just be respecting the peoples biding privacy. |
#61
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T210 Joe Jackson on EBay!
Posted By: Judge Dred (Fred)
I don't mind private auctions when I know the seller is reputable. As mentioned, I'm pretty certain that on a high profile card (like this) that Ed is just protecting the bidders names. |
#62
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T210 Joe Jackson on EBay!
Posted By: robert
Hal, |
#63
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
Sounds good! |
#64
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T210 Joe Jackson on EBay!
Posted By: JimB
Robert, |
#65
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T210 Joe Jackson on EBay!
Posted By: will watson
hand cut cards get numerical grades, as long as they are cut properly |
#66
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T210 Joe Jackson on EBay!
Posted By: Jeff Lichtman
Hal, is that what collectors with expensive cards do? Hunt around ebay auctions for similar cards to what they own and bid with the sole purpose of driving up the price so that their own cards will then artifically be perceived as more valuable? Kind of lame, no? |
#67
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
Yes and No. |
#68
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T210 Joe Jackson on EBay!
Posted By: Jeff Lichtman
Hal, I agree with both of the scenarios you laid out, basically that if you want a higher graded example of your valuable card, bid away if your intention is to own it and if you lose at least you've propped up the value of your lower graded card. However, that's not what you described previously: you suggested that Corey purposely bid a dollar amount that is just below the reserve in order to give the "appearance" to the world that his card is worth more than perhaps it would be -- if not for his bid. You would never do something like that, would you? |
#69
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
No, because there is usually no way of knowing the Reserve amount, so you couldn't do it even if you wanted to. |
#70
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T210 Joe Jackson on EBay!
Posted By: Julie Vognar
the card would already be mine. "Having the dough" would mean being a millionaire several times over. You don't invest (spend) 1/4 of your total $$$ on one baseball card. In what way is the PSA 2 not as nice as the Auth? |
#71
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T210 Joe Jackson on EBay!
Posted By: barrysloate
I know Corey well and he would not be on ebay driving up the price of the card for his own benefit. That's not his thing. You are just speculating. |
#72
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T210 Joe Jackson on EBay!
Posted By: JimB
Will, |
#73
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T210 Joe Jackson on EBay!
Posted By: warshawlaw
If the card in question is rare even if you have one you might bid into it to acquire a second one for trade, especially if you could acquire it cheaper than your specimen. Admittedly, the T210 Jackson would be an extreme example, but I know I've gone after valuable (to me) cards I already had if I thought I might get them for the right price and I could use them later on. |
#74
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T210 Joe Jackson on EBay!
Posted By: Jeff Lichtman
Barry, I have no doubt Corey wouldn't bother bidding up the Jackson simply to inflate the value of his own card. How pathetic would someone have to be to do such a thing....especially when they can afford either card. |
#75
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T210 Joe Jackson on EBay!
Posted By: Anonymous
I doubt the reserve will be met either. but its pathetic ppl think it should be fr-pr when the 92K card is trimmed! i think thats not fair to cards that r complete. i honestly think its worth more than 136k. a trimmed one goes for 92k. a PSA 2 should be threw the roof. look at the eddie plank trimmed the prices of the psa 2 u will c a big change(for example) |
#76
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T210 Joe Jackson on EBay!
Posted By: Cobby33
Looks like the John Kerry RC to me. |
#77
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T210 Joe Jackson on EBay!
Posted By: Julie Vognar
...over 6 days left...146K... |
#78
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T210 Joe Jackson on EBay!
Posted By: identify7
Julie: you ask "In what way is the PSA 2 not as nice as the Auth?" |
#79
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T210 Joe Jackson on EBay!
Posted By: jay behrens
As has been pointed out, the reserve is known now and any bidding under tha amount is pretty meaningless unless the the reserve is topped. I could go in and place a bid one penny under the reserve and the bid is totally meaningless since I don't have to pay that amount because it is under the reserv. I could never pay it anyway since it would take about 20 years of my annual income to pay off that bid, but I could still place that bid. Doesn't mean that the market value for the card is now that amount. Money needs to exchange hands for it to have a bearing on the market. |
#80
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T210 Joe Jackson on EBay!
Posted By: Corey R. Shanus
How does ebay work? Once an auction begins, is the seller allowed to lower the reserve? If so, and if he lowers it below the highest bid up to that time, is the high bidder at that point contractually obligated to buy the item if he remains the high bidder? If the answer is yes, then even if a bidder knows the reserve and deliberately bids to a point below it, then it can still be said he is at risk to pay what he has bid. |
#81
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
From Ebay: |
#82
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
Corey: |
#83
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T210 Joe Jackson on EBay!
Posted By: barrysloate
So that means that if the seller lowered the reserve right now to 140K, the bidder who placed the bid of 146K is not obligated to buy the card unless he bids again? Why would he bid again, and why wouldn't he take the card since he was prepared to pay above 140K anyway? If he wasn't bidding in good faith but placing bids just because he already knew the reserve, there should be some penalty involved. |
#84
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T210 Joe Jackson on EBay!
Posted By: Corey R. Shanus
Ebay's rule does make sense. That being said, then I think Jay hit it right on the head. Any bid placed on an item by someone who knows the item's reserve is irrelevant to determining market value. And since the reserve on the T210 Jackson has been disclosed, I for one won't regard any bidding on it to be indicative of its market value until the reserve has been met. |
#85
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T210 Joe Jackson on EBay!
Posted By: Corey R. Shanus
presumably the seller, seeing the $146K bid, would not at that point lower the reserve below $146K. |
#86
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T210 Joe Jackson on EBay!
Posted By: Marc S.
<<If he wasn't bidding in good faith but placing bids just because he already knew the reserve, there should be some penalty involved.>> |
#87
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T210 Joe Jackson on EBay!
Posted By: barrysloate
Why not? What if the seller had a change of heart and decided that $146K was an acceptable offer, not to mention there is a week left and the bid is likely to go higher. Why shouldn't the buyer be bound to his bid? If you offered me $146K for a Jackson on Monday and I refused, then called you on Tuesday and said I thought it over and I accept, wouldn't you be ethically obligated to buy it, or at the very least more than happy that I accepted? |
#88
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
Corey and Barry: |
#89
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
Barry: |
#90
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T210 Joe Jackson on EBay!
Posted By: barrysloate
You should only bid if you want to buy it at that price. If the bidder assumes the reserve is $225K, and just to be a big shot places a bid of $151K, and then finds out the minimum was lowered to $150K, he better either get out his checkbook, hope he gets topped, or hire a lawyer, because guess what- he's legally obligated to buy it, and he never should have placed a wise guy bid in the first place. |
#91
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T210 Joe Jackson on EBay!
Posted By: barrysloate
Hal- fair enough in the private offer scenario, but if your offer was reconsidered and you pass, how serious was that first offer? |
#92
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T210 Joe Jackson on EBay!
Posted By: Marc S.
It depends. When there is a high reserve on a card on Ebay - I often put in a bid to track the item. Not because I want it at that price, but because I want it to show up in My Ebay - and not just on the "Watch" heading, which I don't see much. |
#93
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T210 Joe Jackson on EBay!
Posted By: Corey R. Shanus
I was curious as to how the $224K reserve was discovered. What I was told was that a bidder has a right immediately after entering a bid to retract the bid. Assuming that is correct, then even if the seller has lowered the reserve to $150K, then a bidder in bad faith bidding above that number would still be allowed to retract the bid. So, bad faith bidding in that scenario would seem to carry no risk at all. |
#94
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T210 Joe Jackson on EBay!
Posted By: Hal Lewis
True Corey. |
#95
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T210 Joe Jackson on EBay!
Posted By: barrysloate
Marc- As an auctioneer myself who is currently running an auction I expect anyone who places a bid to honor it. Ebay works differently as there is clearly a reserve but if you place a bid at the last second and the seller says "O.K. I accept it" then the bidder should be prepared to pay. Second chance offers occur after the auction, and ebay rules allow you to accept or reject the second chance (not to mention that many of the second chances are scams). |
#96
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T210 Joe Jackson on EBay!
Posted By: Elliot
When the reserve is lowered all bidders are notified of the change in the reserve. Since none of the posters on this thread who said they bid have been notified then we know that the reserve has not been lowered from it's original amount. Also, the bid of $150,100 could actually be $1 below the reserve amount, all we know is that it is one increment or less over the next highest bid. In any event, I certainly agree that any information that one derives from a reserve auction on ebay that does not meet reserve, is not full and complete. |
#97
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T210 Joe Jackson on EBay!
Posted By: Brian H (misunderestimated)
My own selfish problem with the private auction is that it takes a lot of the "fun" out of watchin the auction... Like many others -- I suppose -- I watch items I have no interest in buying (at least at market price) to see who wins and who bids how much. The private auction denies me this somewhat guilty pleasure.... |
#98
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T210 Joe Jackson on EBay!
Posted By: Julie Vognar
224,000,--and it looks to me like he wants to sell the card, and will! |
#99
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T210 Joe Jackson on EBay!
Posted By: David Vargha
Okay . . . It looks like Hal already addressed this above. |
#100
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T210 Joe Jackson on EBay!
Posted By: Judge Dred (Fred)
I couldn't imagine that the seller could drop the reserve low enough to make the highest bidder an automatic "winning bid". That just wouldn't be right. Yes, if you bid that much and the reserve was met at the time the bid was entered then you are obligated to buy the lot. But what if you bid on something else based on the fact that you were not able to purchase the other lot (reserve not met) and you were the high bidder and potential winner of that lot? It just wouldn't be right. This leads me to something else. |
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