Gem Gehrig @ Heritage

[Stonepony]

Originally Posted by sporteq

That looks trimmed by a hair or two.. IMO

Lovely colors tho!

Thanks to Mastros comment on high grade pre-war cards, that's the first thing that pops in my mind when I see cards like this. I'm likely not wrong.

[sporteq]

Originally Posted by Stonepony

Thanks to Mastros comment on high grade pre-war cards, that's the first thing that pops in my mind when I see cards like this. I'm likely not wrong.

look at the borders on these PSA VG 3. Guess will never know.

[hammer]

The older the cards get the shorter the borders become.

[botn]

Originally Posted by hammer

The older the cards get the shorter the borders become.

Clearly the higher the grade the smaller the card gets. See it over and over.

[irv]

Originally Posted by Bliggity

That's right. Heritage has a 19.5% buyer's premium that gets added to the winning bid. So, if you bid $55,000, you are actually agreeing to pay $55,000 x 1.195, or $65,725. Most auction houses have a buyer's premium of somewhere between 15-20%.

Originally Posted by Bored5000

Not Bliggity, but yes is the answer to your question. All action houses charge a buyer's premium on top of the price. With most auction houses, the BP is around 18-20 percent, though some of the smaller auction houses have 12-15 percent BPs.

If you are buying a card through an auction house, you have to keep the BP in mind when deciding how much you are comfortable bidding.

Thanks guys.

I knew there were fees, but had no idea they were that much.

So in reality, if you paid the $65,000 total, all fees in and wanted to or had to sell the card in a month or two, would you list/reserve it for the $65,000 you paid or the $55,000 that it is actually worth? (Rounding numbers only)

Also, if it gets listed in VCP, is the $55,000 price the one that gets entered or the $65,000, total cost amount?

[pokerplyr80]

Originally Posted by irv

Thanks guys.

I knew there were fees, but had no idea they were that much.

So in reality, if you paid the $65,000 total, all fees in and wanted to or had to sell the card in a month or two, would you list/reserve it for the $65,000 you paid or the $55,000 that it is actually worth? (Rounding numbers only)

Also, if it gets listed in VCP, is the $55,000 price the one that gets entered or the $65,000, total cost amount?

VCP lists the total price including BP, 65k in your example. If you had to sell the card in a month or two you would most likely take a loss, unless you could sell it privately for what you paid. Even then unless the card went up you'd most likely be out at least half the buyer's premium.

[Bliggity]

Originally Posted by irv

Thanks guys.

I knew there were fees, but had no idea they were that much.

So in reality, if you paid the $65,000 total, all fees in and wanted to or had to sell the card in a month or two, would you list/reserve it for the $65,000 you paid or the $55,000 that it is actually worth? (Rounding numbers only)

Also, if it gets listed in VCP, is the $55,000 price the one that gets entered or the $65,000, total cost amount?

You would list the card for $65k because that's what it's "actually worth." Bidders will take the premium into account when bidding. Therefore, if a bidder believes the card is "actually worth" $X, then the bidder will only bid 80% of $X, knowing that the total amount will add up to what the real value is. So for example, if a certain T206 usually sells for $500 on eBay, you would expect the high bid at an auction house for the same card to be about $400 (depending on the specific percentage of the buyer's premium).

VCP records the full cost, including the buyer's premium.

ETA: Jesse is correct that you'd probably take a loss on a quick sell for a couple reasons. If you were the high bidder at auction, that means the next highest person in line to buy the card when you sell probably isn't willing to pay as much as you, or else they would have won it the first time. Also, although bidders "should" take the BP into account when bidding, it's easy to get brainwashed by the lower number that appears on the bid screen, and end up bidding higher than you should. This has been discussed ad nauseum before, and is a foolish thing to do, but is human nature I suppose.

[ValKehl]

Dan, to be a nitpicker, in the example you gave, the expected high bid at an auction house with a 20% BP would be $416.67 (rather than $400.00). This figure is determined by dividing $500.00 by 120% (i.e., 1.20).
Val

[Bliggity]

Originally Posted by ValKehl

Dan, to be a nitpicker, in the example you gave, the expected high bid at an auction house with a 20% BP would be $416.67 (rather than $400.00). This figure is determined by dividing $500.00 by 120% (i.e., 1.20).
Val

Hence my statement, "about $400"

[Neal]

Originally Posted by hammer

The older the cards get the shorter the borders become.

or the higher the grade .....