Overpriced cards

[Runscott]

Glyn, that is well-stated. 'Market value' is a tough concept for most collectors.

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[tschock]

Another way to look at it is that rare baseball cards are not commodities, in the classical economics sense. Because of a niche market, auction and any sale prices are "skeptible" as well. Your best indicator as to current value is trends (as we all probably realize). The longer the trend, the more reasonably accurate. Where that falls short is near the change point of a trend.

That being said... it also seems that there are those trying to justify prices based on "staying in business" rather than considering the possibility that supply is up or demand is down within the niche market (among other things). It is very probably that you will not see ANY profit on certain cards and even remotely possible that you won't see any profit on ANY cards. There are many ways to go out of business.

Keep in mind that even "museum" pieces will probably sell some day. Maybe for the crazy 100% asking price, maybe the seller making the deal for the reasonable 50% off, or maybe the seller's heirs taking pennies on the dollar after the seller's gone.

The only true value of a card is what it sold for on that particular day. Anything beyond that is mere speculation on the behalf of the buyer or the seller.

[JollyElm]

I know this a post-war card, but I had to show it. A 1960 common--as common as can be--that keeps being put up by this same seller. How do you not laugh when you see it????!!!!

The BIN is $13 for a card you can find a thousand of for two bucks or less in an ebay search. $13!!!!!!!!!!! Plus…here's where it gets great…$7 for shipping!!!!! Seven frickin' bucks to ship this useless card. Oh, and did I mention there is writing/typing all over it??? $20 for a card you can pick up in any brick and mortar shop for less than a buck and he continues to list it time and time again and refuses to respond to my questions asking, "Why??"

$_57.jpg

http://www.ebay.com/itm/1960-Topps-D...item35de3341ab

[Peter_Spaeth]

He's already said why.

1960 Topps Dave Philley Philadelphia Phillies #52 Baseball Card

Sharp, Great Color, Good Corners, Great Collectiable, A Great Investiment

Card in Good Shape No refunds, no international ship.

Compared at $80.00 Our Price $10.00 plus s/h

[byrone]

“There’s wholesale, there’s retail, and there’s fairytale”

[Econteachert205]

Price is truth

Ie

1. If you list an item on ebay with a 7 day auction you are more likely to gain a higher realized price than a 3 day auction

2. If you use rea you are more likely to gain a higher realized price than a local auctionzip listing.

3. If you list an auction with no reserve and there is a duration there is varying odds as to how many interested parties will engage in bidding

In all cases the price accurately reflects the market

Houses in 2007 sold for crazy money. Houses in 2011 sold for next to nothing. Both were accurate reflections of the markets. Like Henry Hazlitt said Americans are like Dr Jekyll and mr Hyde. We want the best deals as consumers and the highest prices as producers. I accept that in selling my cards that I have never sold for a "low price" or "high price". Only that I sold cards which reflected whatever the particular market I sold them in performed at at that time.


But I do agree that some people are just listing cards where no market will ever support them.