We just purchased a "FRESH" T206 Eddie Plank and are BUYING Vintage Cards! ***

bigfish · #1 06-11-2016, 02:36 PM

Quote:

Originally Posted by gnaz01

Scott, "HOW" are you determining "today's market value"?? VCP average? High VCP?? Low VCP?? Ebay?? Private Sales?? Market value can be all over the place and is VERY subjective IMHO......

Great question. Looking forward to seeing a response to this. Also, are you paying more than 70 percent for centered cards?

JustCollectVP · #2 06-11-2016, 05:10 PM

[QUOTE=gnaz01]Scott, "HOW" are you determining "today's market value"?? VCP average? High VCP?? Low VCP?? Ebay?? Private Sales?? Market value can be all over the place and is VERY subjective IMHO......

Quote:

Originally Posted by bigfish

Great question. Looking forward to seeing a response to this. Also, are you paying more than 70 percent for centered cards?

Values are determined by utilizing VCP, market trends and stability of pricing for the item(s) within the marketplace (some items are very stable and others have a quite thinly traded history). VCP has good and bad points, so it is not a concrete guide and I would be hard pressed to apply a blanket statement or policy with respect to valuations. However, centering and eye appeal of select cards may garner a premium with respect to market value and/or our eventual offer.

gnaz01 · #3 06-11-2016, 06:13 PM

[QUOTE=JustCollectVP;1549389]

Quote:

Originally Posted by gnaz01

Scott, "HOW" are you determining "today's market value"?? VCP average? High VCP?? Low VCP?? Ebay?? Private Sales?? Market value can be all over the place and is VERY subjective IMHO......

Values are determined by utilizing VCP, market trends and stability of pricing for the item(s) within the marketplace (some items are very stable and others have a quite thinly traded history). VCP has good and bad points, so it is not a concrete guide and I would be hard pressed to apply a blanket statement or policy with respect to valuations. However, centering and eye appeal of select cards may garner a premium with respect to market value and/or our eventual offer.

Fair answer Scott, and this will be my last post on the subject. The way I am interpreting your reply is "the company will look at VCP, see when the last time the card in question sold (if available on VCP) and offer 70% of that" or something along that range.

Am I in the ballpark??

JustCollectVP · #4 06-11-2016, 06:33 PM

[QUOTE=gnaz01;1549408]

Quote:

Originally Posted by JustCollectVP

Fair answer Scott, and this will be my last post on the subject. The way I am interpreting your reply is "the company will look at VCP, see when the last time the card in question sold (if available on VCP) and offer 70% of that" or something along that range.

Am I in the ballpark??

Actually, we utilize the trending VCP (Olympic-style scoring mode), taking into consideration market direction and weighing the demand in the marketplace -- there really isn't a concrete answer that can be applied to ALL cards, but this is pretty much the crux. In some cases, offers will exceed 70% of total retail expectation.

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