Cards making the rounds

[Peter_Spaeth]

Is it just me or does it seem to anyone else that many of the cards in auctions seem to be literally the same cards we just saw in other auctions?

As an example, the 52 Mantle SGC 84 that is now in Goodwin (lot 633) is listed as having been sold in Clean Sweep in 9/07, Mile High in 10/08, and Goodwin in 2/09.

Given the buyer's premium that goes to the house, are people really flipping these cards for a loss? Or......

[Leon]

I will take what's behind door #2 ... "or"

[Matt]

I'd bet there is a mix in there of legit consignment(s) and door #2. I've noticed that with other cards and it is upsetting.

[Leon]

Here is a D322 card that sold very recently....there are just so many examples...I guess someone really wanted this a year ago.....

6/26/09	Legendary	Auction | Image			11	$480.00
3/6/08	Goodwin					$3,511.00

[Jewish-collector]

I was just telling Rob Lifson a few months ago that one of the high end cards that he sold in a previous REA auction was in one of the other auction's current catalog. He wasn't aware of that, but says as long as it's theirs, they can do whatever they want with it. My best guess is that the consigner knew of a card coming up in the future that he wanted MORE than that card he currently owned and didn't want to use additional money for the one he really wanted.

I had said that you could probably make a nice living out of just winning cards in auctions & then reconsigning those same cards 5 years later in the same or other auction house. Say you win cards in 2001 & then reconsign them in 2006, win cards in 2002 & reconsign them in 2007, etc,...

[Leon]

Originally Posted by Jewish-collector

I was just telling Rob Lifson a few months ago that one of the high end cards that he sold in a previous REA auction was in one of the other auction's current catalog. He wasn't aware of that, but says as long as it's theirs, they can do whatever they want with it. My best guess is that the consigner knew of a card coming up in the future that he wanted MORE than that card he currently owned and didn't want to use additional money for the one he really wanted.

I had said that you could probably make a nice living out of just winning cards in auctions & then reconsigning those same cards 5 years later in the same or other auction house. Say you win cards in 2001 & then reconsign them in 2006, win cards in 2002 & reconsign them in 2007, etc,...

Losing 800% in a year doesn't sound like a great investment strategy....there are a lot of these examples. They are quite interesting...

[Potomac Yank]

Hush ... keep it low.
You nailed it.

Leon ... that's a beautiful example.

May it take awhile before the flippers at Flip Haven catch on.

[smtjoy]

I just purchased a card where I was thinking some of the same things. The same card sold 4 times in 2007 with each time the price going down. Odd that each time they were sold by the same seller twice within a month. Glad I'm not a flipper, a line of people losing money.

7/5/09 eBay Auction | Image just_collect y***t 12 $1,535.00
12/10/07 eBay Image cal_juris maryhelperkeller 19 $1,735.00
12/2/07 eBay Image cal_juris maryhelperkeller 14 $1,876.00
10/2/07 eBay Image yorktownsc thegreatlarry 24 $2,175.00
9/10/07 eBay Image yorktownsc pto807 19 $3,700.00

[Misunderestimated]

In this economy, for many people, .... Door number 2 is often the only way out.....

[Peter_Spaeth]

World Wide Dimaggio PSA 4.
Currently offered in Memory Lane.
http://www.memorylaneinc.com/site/bi...p?itemid=14279

Just sold May 8 in Goodwin, image not available on his site but according to VCP image it is the SAME card.
http://www.goodwinandco.com/LotDetail2.aspx?lotid=10092

[botn]

Peter,

I would check with Charlie about that one.

[Peter_Spaeth]

I would hate to think JP will need to get 17.5 percent higher just for the consignor to break even on his purchase from two short months ago, but I guess that is how it is ..... unless of course this is a "door #2" situation.

[Cat]

Originally Posted by Peter_Spaeth

World Wide Dimaggio PSA 4.
Currently offered in Memory Lane.
http://www.memorylaneinc.com/site/bi...p?itemid=14279

Just sold May 8 in Goodwin, image not available on his site but according to VCP image it is the SAME card.
http://www.goodwinandco.com/LotDetail2.aspx?lotid=10092

I do know who bought this from Memory Lane. It was legit.

[Peter_Spaeth]

Originally Posted by Cat

I do know who bought this from Memory Lane. It was legit.

It is now being OFFERED by Memory Lane, was previously SOLD by Goodwin.

[Cat]

I think there website is in a state of flux. This was sold in December. Lot 49 in the current auction is a Red Man I believe.

http://www.memorylaneinc.com/site/bi...etauctionid=70

[Peter_Spaeth]

Cat I don't follow you. The Dimaggio is lot 246 in the current Memory Lane.