Auction Houses and blind bidding

[whitehse]

Originally Posted by bubblebathgirl

Definitely. And this is really the only current way that things are kept from flying apart at the seems as they currently are.

Only issue is, again for high profile cards, what is an "overbid"?

People get their concept of fair prices from previous sales. But if all of the previous sales came from the same suspicious forum, well then you have a problem. This is precisely why many high profile cards never make it to ebay, because sellers know they would take a dive ... or when they do make it to ebay, they consign the card so that they can bid on it. Now at least on ebay some detective work can be done when this happens.

You're gonna see some people lash out at me personally here, and that's because I'm challenging something that is probably near and dear to their hearts ... something they've based a lot of their collection on and now is being questioned ... and they simply can't handle it. It's just what happens ... and is fine. Thankfully this board has a nice ignore function
It's always clear to me when someone has a weak argument because they result to personal attacks, name calling and general immature behavior. This is the kind of stuff that got a lot of the same bad seeds either kicked off CU or reprimanded there. I'm glad PSA instituted their forum rules and have found posting their a lot more enjoyable since.

But yeah, as for overbidding, thankfully there are a lot of resources to use to come up with a comfortable price ... and it's easy enough to filter out the obvious balloons. A good example is the 1978 Topps #707 Rookie Shortstops PSA 10 card:



You can clearly see how this card took a dive after coming back to reality on ebay after a stint at 2 of the AHs. Now it's reasonable for the card to have a certain increase in value as unopened material has dried up a lot, but this kind of pattern of buy high at AHs and sell low on ebay isn't uncommon for premium cards ... and there's certainly a reason for this.

The unfortunate thing is some online publications will take this latest hammer price and use that as an indicator of the new "value" of the card, when in this case, it's most likely just another balloon waiting to pop.

I think this (and you) are now laughable.

A bit about me.......

I have NEVER placed a bid in an auction house auction. I honestly do not have the money to do so due to my spouse's illness.

I rarely bid in Ebay auctions and when I do it is usually a 10 dollar item so shill bidding is normally not an issue with me. My collection comes directly from what I have in my possession over my 40 years of collecting and face to face transactions at card shows.

Since I DO NOT bid in any auction house auctions and I rarely bid on Ebay I honestly dont give a crap about this issue. I am even more happy about the way I purchase anything for my collection after seeing the various Probstein threads on many boards and seeing how Mastro and others have treated bidders in their auctions. My beef with you is how you continue to beat the drum on this issue and REFUSE to even listen to anyone else's opinion and your continued resolve to show everyone else how freaking right you are.

You have made your point now move on. You have now posted your crap on two sections of the Net54 boards and all over the CU boards. Whats next? Blowout? FCB?

As for the ignore button on these boards....you dont need it because it seems your brain has everyone who doesnt buy into your way of thinking on ignore anyway!!