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#1
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You're right, I had a brain fart. That's still a hell of a lot of bids, and the sentiment is still the same.
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Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#2
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Try simply sniping what you think a card is worth and are happy paying. Then what happens, happens.
Why even look at bidding histories when people are retracting now just to make an auction look bad-- akin to dissing a card to dampen interest. You know what annoying TMZ drivel is on that channel, so why tune in and annoy yourself? It is tantamount to masochism. PWCC has a few cards I think are gorgeous up right now. I am not going to let some shiller/owners enter my head for a moment. I snipe what I'm happy paying and let the chips fall. And I'm happy. The rest is headaches. I like great cards and no headaches. Why aggravate oneself? |
#3
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And I do agree about bidding what you want to and no more. I do that anyway....(usually)
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Leon Luckey www.luckeycards.com |
#4
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Leon,
To be clear, in my last post I am not making any commentary on the thread or calling posts like this whining. I am just offering an approach that leads to less Sturm und Drang, less negative mental energy and frustration, and more happiness on a daily level for the fellow collector. Last edited by MattyC; 04-30-2014 at 08:04 AM. |
#5
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__________________
Leon Luckey www.luckeycards.com |
#6
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Maybe we should just be happy for the cards...commanding such high prices...I mean don't they deserve it?
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#7
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Yes, they do. And I appreciate the veiled reference to an earlier post. There are many cards in the hobby that I admire and root for, if you will, to gain greater stature and value. More of which I don't own than I do. I often find myself rooting for cards the way I root for players. I believe some great, beautiful cards of great players are underappreciated or undervalued, and thus deserve to be worth more. The Frederick Foto Ruth is a prime example.
Last edited by MattyC; 04-30-2014 at 09:33 AM. |
#8
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No extraordinary comment about the quality of the card in question has been made by me, the potential bidder, or anybody else really. I said it was a "pretty nice" card. I certainly do not see anything aesthetically superior about this card compared to similarly-graded cards. In fact, based on a comparison of the two scans provided, I think the PSA 3.5 being sold by PWCC has slightly better eye appeal, and of the two cards, that would be the one deserving of a premium, in my opinion. Therefore, to my thinking anyway, the bid history we are seeing with this card is not at all merit based. It is not realizing a more robust price because of how it looks. This is simply schill bidding for shill bidding's sake. The seller wants to ensure that their card sells for a certain amount, not because they feel there is something intrinsically special about the card, but because they want more green in their pocket. I would have no problem whatsoever paying more for a card if it had superior eye appeal to those of an identical grade. I have examined the price history for this particular card on card target. I could certainly do the same on VCP, paying for a 24 hour membership. And if after establishing a baseline I saw a card that exceeded my expectations for the grade, I'd have no problem paying a premium. Eye appeal is very important to me. But I just don't see anything extraordinary about this card. I have seen fours with sharp corners and edges that present better than this card.
__________________
Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#9
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__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#10
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This is not to say making all collectors aware of shilling is not a great service. It is. And knowledge is power. I just think the best thing to do with that knowledge is factor it in, understand what price it takes to acquire a desired card, and either reel that baby in and enjoy it as part of a collection, or not. |
#11
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 04-30-2014 at 09:34 AM. |
#12
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![]() We also have to end apartheid, for one. And slow down the nuclear arms race, stop terrorism, and world hunger. We have to provide food and shelter for the homeless, and oppose racial discrimination and promote civil rights, while also promoting equal rights for women. We have to encourage a return to traditional moral values. Most importantly, we have to promote general social concern and less materialism in young people. Last edited by MattyC; 04-30-2014 at 10:10 AM. |
#13
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I treat every auction like it may have a hidden reserve. I have never paid more for a card than I was prepared to. And, I don't get caught up in the concern that my price expectations may be inflated by a false market created by shillers. Having said this, I appreciate these threads, and I factor in all of this information into my bidding strategy.
__________________
Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#14
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Only, what if I would have gotten the card for $900, or $950 if it weren't for the shill bidder? Four years ago, I wouldn't have given it a second thought. I was a single guy living on my own, and after getting my stock broker licenses, I got a pretty big promotion. I was making a good deal of money. So, $50 or $100 would have seemed insignificant to me. But since getting hurt, my thinking has changed. I am more mindful of wasting things now, money included. Losing $50 or $100 due to what is essentially criminal activity is completely unnecessary. When we become accepting of these kinds of losses because we didn't want to "stress out" over it, or "give it a second thought", it just enables these crooks further. What is the quotation with a seemingly endless list of variations that's attributed to Edmund Burke? Something to the effect of "all that is necessary for evil to triumph is for good men to do nothing." Well? If we are silent, then we're going to get more of the same. If I were up against one legitimate buyer only, and I was forced to bid the full $1,000 in order to acquire the card, then I'd have no problem. But if I should have gotten the card for less, why should I be even remotely ok with paying more?
__________________
Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#15
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The reason ebay is filled with BINs is because most sellers don't want to have to shill to get their prices. But they're not going to list their items as pure auctions because they are afraid of letting a clean market dictate the price of the item. A price point set by a triggered BIN has the propensity to be just as misleading as a price point set by shill bidders. Frankly, I think a buyer has a false sense of security if he thinks when he bids in an auction that there are only bona fide bidders competing against him.
__________________
Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#16
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A man is going to buy a pair of shoes. He knows the pair of shoes he wants and he knows they cost $100. He goes into the shoe store and they are on sale for $50. Which guy are you? The one who pays $50 for the shoes, or the one who gives the clerk $100 for the shoes, reasoning that you were willing to pay $100 for the shoes anyway? |
#17
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Of course nobody wants to pay $100 for shoes that he could get for $50. But, to believe that every auction is an opportunity to get $100 shoes for less is why people are lured into auction houses.
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Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#18
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Not trying to be argumentative, just trying to clarify. |
#19
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To imagine a world where the shiller is eliminated and the price drops down by $50 is the same thing as imagining a world where a seller places his listing price $50 less than he was willing to sell something for. Stated another way, if you told the shiller up front that he was going to get caught and prosecuted, he would either list his item at the higher price and list it with a higher reserve or minimum starting bid. The fantasy of a world where shilling doesn't exist and markets-clear prices are realized doesn't exist, least of all on eBay. The reverse is also true. If you had a used car that you wanted to sell for $1,000, and a guy saw it and bought it for that price, you'd be happy, right? But, what if he recognized that your car had really rare features, and he flipped it immediately for $100,000? Of course the buyer would have wanted to get more than $1,000 for it in that case. But there is no mechanism for getting any more money to the buyer. The buyer was happy at his price point, as was the seller, but for different reasons. That certainly doesn't make speculating as a buyer illegal or immoral.
__________________
Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#20
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Bill,
I understand and respect your thinking as well, regarding the what ifs of spending X more because of shilling. I guess where I take a different path is that I see no mental benefit to contemplating all those what ifs. I will never know what a card will have cost me in some alternate reality where the auction was 100% legit collectors bidding. I don't know how such a perfect auction would be run or ever exist. As another said, in lieu of the straight auction, sellers or owners should just put up reserves or BINS and Best Offers and negotiate for a price. I think it was Bob Marley who said, "It's a foolish dog who barks at a flying bird." If the 'what ifs' reach a tipping point or critical mass where contemplating them bugs you more than having the card would please you, then I would let the hypothetical card in question go. If having the card at a price you're okay paying will bring you enough joy that you don't care about having potentially spent less in an alternate reality, then I say win the card. At least that's how I see it, and maybe that alternate perspective can be helpful in some way ![]() Last edited by MattyC; 04-30-2014 at 11:25 AM. |
#21
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I've always believed that there is but one immutable tenet: the only thing in life that is certain is uncertainty. Well, Ebay's dumbfounding lack of rule enforcement has me rethinking that, too.
__________________
Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#22
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Mostly tongue in cheek.... ![]()
__________________
Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206 |
#23
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I'm not a fan of shilling but if that was a card I wanted I would set a snipe at the number I'm comfortable, and at the same time notify Rick about the activity. He may ban those bidders and you might get the card at a good price. Worst case scenario you pay what your comfortable paying for the card.
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#24
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One shiller, Joseph M Pankiewicz, would buy cards on eBay, consign them to Rick and bid on his own cards. This was clearly evident from the bid history. This was all done by username and feedback, but again, eBay has decided they want to protect shillers and that is no longer possible. At the time, it was brought to Rick's attention, he chose to do nothing about it. Last time I looked, he still allows Panky to consign. |
#25
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Hi David: I'm new but have been reading the board for around a year and have read all those threads. I just can get myself worked up about shilling. That said, I collect mostly hockey HOF rookies - which is why i don't post often-and mostly mid grade so shilling isn't as big an issue as it is in the baseball world.
My style is closer to MattyC's, I don't get too caught up in all the BS that comes with the hobby, it's a chance for me to get away from a very competitive/high paced career that comes with all the BS I can handle. |
#26
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What do you think of this business plan:
--Buy raw cards with minor flaws --"Improve" raw cards --Get them slabbed --Consign to Probstein --Shill auctions --repeat Did I miss any steps?
__________________
Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#27
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#28
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You missed the parallel step of buying centered slabbed cards with minor flaws and "improving" them.
__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#29
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I have gotten good deals on some SGC/PSA graded pre war cards in his auctions & am happy there is someone who does the 99cent auction daily the way he does. I have noticed his consignment rates are perhaps the lowest in the indusry as well.
Shilling indeed sucks.....But I am still trying to deal with Hal Chase being banned for fixing games 100 years ago. Paul C |
#30
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Anyone that has VCP access and is following certain cards know that for every shilled auction, there is some idiot pulling the trigger on a BIN at 30% over the previous sale. Which is why I don't lose any sleep over this - it's impossible for me to pay more than I'm comfortable with a card because I simply don't pay more than I am comfortable for card (or a car, dishwasher or deck reno). |
#31
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[QUOTE=japhi;1270857]
Anyone that has VCP access and is following certain cards know that for every shilled auction, there is some idiot pulling the trigger on a BIN at 30% over the previous sale. QUOTE] I will take exception to this comment. I have been that "idiot", as I am sure MANY here have been as well. When I knowingly overpay on a BIN, it's because I want/need that card, and at that time, that price is what that card is worth. And if I deem that card is worth that amount, well, than that is an accurate reading on value. ANY card is only worth what someone is willing to pay, not what any VCP or any "guide" is reporting. I often times see these guides oblivious to market realities...I see it in reverse all the time as well, our own B/S/T always has sought after cards under the "VCP" price, advertised as such, and not get a second look. Supply and demand dictate price, and often times the demand for an overpriced BIN is purchased because there is no supply to fuel the demand. Calling that purchaser an "idiot" is ignorant.
__________________
John Otto 1963 Fleer - 1981-90 Fleer/Donruss/Score/Leaf Complete 1953 - 1990 Topps/Bowman Complete 1953-55 Dormand SGC COMPLETE SGC AVG Score - 4.03 1953 Bowman Color - 122/160 76% |
#32
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--Profit
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#33
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zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
__________________
Now watch what you say, or they'll be calling you a radical, a liberal, oh, fanatical, criminal Won't you sign up your name? We'd like to feel you're acceptable, respectable, presentable, a vegetable If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other.- Ulysses S. Grant, 18th US President. |
#34
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#35
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__________________
Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#36
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My point was very simple; I pay what I'm comfortable - and usually less, I only snipe and I do quite a bit of research before sniping. If there is a card I'm chasing that sells for 400 bucks in a good looking PSA 6 than I set my snipe for 400 bucks, usually less. When I win I generally win below the comparable. I lose way more auctions than I win. Obviously this way of buying won't work on cards that only come up once a year but I don't play in that sandbox. If you have a strategy for paying less for cards on Ebay I'm all ears. PS. good discussion, I mostly lurk as I can't add much value to threads, which may in fact be the case with this thread as well! Last edited by japhi; 04-30-2014 at 11:33 AM. |
#37
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To borrow your earlier metaphor, I think if one plays in the pre-war and vintage sandbox long enough, eventually we're all going to be exposed to shill bidding, much like if we buy enough cards, graded or not, eventually we're going to get a card that has been slightly trimmed, or altered in some other manner. It's a product of being in a hobby with a lot of money trading hands, and unscrupulous people who want an ever increasing share. I agree with your comment about this being a good discussion. Ultimately, we may not accomplish anything, but as Leon said, it's important to keep these things visible. ![]()
__________________
Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd. |
#38
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http://www.flickr.com/photos/calvindog/sets |
#39
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#40
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It typically sells for $200 because it's shilled every time. Ever think that maybe your valuations are skewered because of fraud? As for a solution to get fair market value, the crooked ebay sellers with the miraculously fortuitous under bidders who never win an auction but whose bids are 95% with the sellers need to be removed. I've represented some eBay sellers who have been kicked off despite high sales. It does happen.
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http://www.flickr.com/photos/calvindog/sets |
#41
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3/2/14 eBay Listing | Image rcdevil s***s Best Offer $5,200.00 6/12/13 eBay Image prewarcardcollector l***v 35 $4,901.00 1/31/12 eBay Image exchefy1 t***i Best Offer $7,000.00 1/27/12 Mile High Image 12 $5,483.52 5/2/10 REA Image 21 $5,287.50 10/14/07 eBay Image jtn2000 gomaz 24 $5,801.00 8/31/07 Mastro 29 $5,251.20 There is a pretty defined market value for this card; BIN or Auction, Ebay or AH, this is a $5200 card. Did shilling set an inflated price? Possibly, but today I'm going to have to pop around 5200 bucks to buy this card, shill or no shill. We are in complete agreement that bid retractors are losers and Ebay should manage to it. I spend a shit ton on Ebay and never have retracted a bid, and have only returned 1 card in the last 5 years. |
#42
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Here is another view of how prices may be affected by bidders. (I think this was discussed in a thread several years ago.) Let's say that I paid $5k for a certain card in a certain grade and the VCP average supports that price. Now I see a similar card on ebay and it is a few hours from closing and the price is $2k. So, I am thinking, I can't let this card go for $2k because that will bring the VCP average down and my card will be "worth" less, so I keep bidding it up to protect the value of my original card.
__________________
Rick McQuillan T213-2 139 down 46 to go. |
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