Fuzzy auction logic/math
There was a baseball card for sale on ebay with an opening bid of $850 (+$12.50 s/h). This same card was sold by an auction house for $990 ($825 +20% buyer’s premium, the total did not include s/h) less than two months ago.
The ebay auction closed for the opening bid of $850. The only bid came in the final 10 seconds of bidding.
Can someone explain why a bidder would purchase the card from the auction house and then take a loss on it in less than 2 months? Is this a common business practice? The card sold really didn't fit into the type of cards the seller has typically sold in the past year.
Just seems strange that in the past year this ebay seller sold over 300 items of which only one was more expensive than the card they just sold for $850. Most of the other sales were under $100. Sounds like a pretty lousy business model if someone wants to buy stuff from a major AH that has lots of exposure and then try to sell it on ebay shortly after buying it from the AH.
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fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something
cool you're looking to find a new home for.
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10-08-2021, 08:09 PM
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