52 Mantle's. Will they sell for asking?

[Stampsfan]

Originally Posted by bobsbbcards

Hopefully, you don't mean you're on to the next wife. If so, don't let her read that.

OK that's funny!!!

[irv]

Originally Posted by sflayank

thats pretty funny...someone actually paid 80k...because goodwin said itll be $200k-250k
insane

I honestly don't know how that works, that if the card didn't actually sell/change hands (it has been stated numerous times!) then how can they state it sold for $80,000

[Drift]

I haven't looked at prices since I sold my low grade Mantles in 2010 and 2012.
I sold them for a fraction of what they go for now. Based on the trends I'm seeing it's a stronger market now and people have the coin.

I never did upgrade and it's probably a losing proposition now.

These are just an example of low grade options but they seem to have doubled in price.

Just for reference I got just under $7k for the '52 and under $5k for the '51.

[1952boyntoncollector]

Originally Posted by irv

I honestly don't know how that works, that if the card didn't actually sell/change hands (it has been stated numerous times!) then how can they state it sold for $80,000

well not talking a specifically about a card but sites do give a 'sell/sold' price right after the auction.....not everyone pays on their wins yet I never seen an auction house erase a 'sell/sold' price...Plus in theory, the card was actually sold, meaning there was a legal obligation from the buyer to pay for it, but in real life that doesnt mean much if they didnt actually pay and you arent going to collect. You can get a judgment as well against a homeless person for million dollars but again it doesnt mean anything if you cant collect but yes, you do have a million dollar judgment. Same thing as 'selling' a koufax rookie for 100k at auction, but not collecting, you can still say it 'sold for 100k' . There are probably some people that may not pay for an item but actually the type of people you can collect from as well on their legal obligation.


I'm assuming 1/100 times you may see a 'sell/sold' card that never was paid for relisted with the same auction but i dont remember REA/mile high/goodwin ever doing that the last few years.

[irv]

Originally Posted by 1952boyntoncollector

well not talking a specifically about a card but sites do give a 'sell/sold' price right after the auction.....not everyone pays on their wins yet I never seen an auction house erase a 'sell/sold' price...Plus in theory, the card was actually sold, meaning there was a legal obligation from the buyer to pay for it, but in real life that doesnt mean much if they didnt actually pay and you arent going to collect. You can get a judgment as well against a homeless person for million dollars but again it doesnt mean anything if you cant collect but yes, you do have a million dollar judgment. Same thing as 'selling' a koufax rookie for 100k at auction, but not collecting, you can still say it 'sold for 100k' . There are probably some people that may not pay for an item but actually the type of people you can collect from as well on their legal obligation.


I'm assuming 1/100 times you may see a 'sell/sold' card that never was paid for relisted with the same auction but i dont remember REA/mile high/goodwin ever doing that the last few years.

If the card didn't exchange hands for the amount they are showing it did, then that's deceptive and an outright lie. If the card did sell, whether it be to the under bidder or to someone else, then that is the price that should be listed.

This is nothing more than the ugly side of the hobby, the ugly side that keeps people from collecting/purchasing in order to keep the hobby healthy and strong.

[Republicaninmass]

The better and higher priced the cards, the more haters, card doctors, and scammers that come out and play. You go ahead and build a better mousetrap...hidden reserves, psa, jsa...they build a better mouse

[1952boyntoncollector]

Originally Posted by irv

If the card didn't exchange hands for the amount they are showing it did, then that's deceptive and an outright lie. If the card did sell, whether it be to the under bidder or to someone else, then that is the price that should be listed.

This is nothing more than the ugly side of the hobby, the ugly side that keeps people from collecting/purchasing in order to keep the hobby healthy and strong.

Again, not exactly, so what if the auction house sued the person that was the high bidder and got a judgment for 100k on a mantle plus the buyers premium (20k) for a total of 120k because they proved they legitimately sold the card for 120k. That would mean in a court of law they proved a sale of 120k. The card didnt change hands yet because it was not paid for. I not saying that was the case in whatever example we were talking about, but showing there are situations that if the card didnt change hands it can still be said it 'sold' without it being an outright lie.

It not worth auction houses to sue on every case but again a legal obligation was created to pay.

People 'sell' houses all the time especially in 2008 and the buyer with no real ability to pay got a ridiculous mortgage to buy the house way above perceived market price. To the property tax appraiser and the 'market' the house sold for what the buyer was 'obligated' to pay even if later the house goes into foreclosure because that buyer never paid for the house. Even though the house was never paid (lets say 2 years were paid on a 30 year mortgage) the 'sold' price is what that buyer paid with that mortgage .

[irv]

Originally Posted by 1952boyntoncollector

well not talking a specifically about a card but sites do give a 'sell/sold' price right after the auction.....not everyone pays on their wins yet I never seen an auction house erase a 'sell/sold' price...Plus in theory, the card was actually sold, meaning there was a legal obligation from the buyer to pay for it, but in real life that doesnt mean much if they didnt actually pay and you arent going to collect. You can get a judgment as well against a homeless person for million dollars but again it doesnt mean anything if you cant collect but yes, you do have a million dollar judgment. Same thing as 'selling' a koufax rookie for 100k at auction, but not collecting, you can still say it 'sold for 100k' . There are probably some people that may not pay for an item but actually the type of people you can collect from as well on their legal obligation.


I'm assuming 1/100 times you may see a 'sell/sold' card that never was paid for relisted with the same auction but i dont remember REA/mile high/goodwin ever doing that the last few years.

Originally Posted by 1952boyntoncollector

Again, not exactly, so what if the auction house sued the person that was the high bidder and got a judgment for 100k on a mantle plus the buyers premium (20k) for a total of 120k because they proved they legitimately sold the card for 120k. That would mean in a court of law they proved a sale of 120k. The card didnt change hands yet because it was not paid for. I not saying that was the case in whatever example we were talking about, but showing there are situations that if the card didnt change hands it can still be said it 'sold' without it being an outright lie.

It not worth auction houses to sue on every case but again a legal obligation was created to pay.

People 'sell' houses all the time especially in 2008 and the buyer with no real ability to pay got a ridiculous mortgage to buy the house way above perceived market price. To the property tax appraiser and the 'market' the house sold for what the buyer was 'obligated' to pay even if later the house goes into foreclosure because that buyer never paid for the house. Even though the house was never paid (lets say 2 years were paid on a 30 year mortgage) the 'sold' price is what that buyer paid with that mortgage .

Comparing house to cards is not comparing apples to apples. It is very rare we hear of a house being sold only to find out people did not or will not pay for it.

Real estate has signatures, meeting people/agents face to face, home inspections, the list goes on and on. Cards, on the other hand, especially those being sold through auctions like E-Bay or actual A/H's, don't have that luxury. Most in the card biz know that shilling and bid retractions, to name a couple, exist all the time and if either one says they're surprised, they are also lying.

Again, listing a card as being sold for $80,000 when no money exchanged hands, and the fact they probably knew by then the bid was retracted, or whatever the case is, like I said, is outright deceptive and nothing but a lie.

[Peter_Spaeth]

Irv you have identified a glitch in the prices realized system we all depend on; I could be wrong but I doubt any major seller goes back and identifies cards that weren't paid for. Hopefully it's only a rare occurrence, although my guess is that during last year's price spike (to use a neutral term) it occurred at a higher rate than usual.

[1952boyntoncollector]

Originally Posted by irv

Comparing house to cards is not comparing apples to apples. It is very rare we hear of a house being sold only to find out people did not or will not pay for it.

Real estate has signatures, meeting people/agents face to face, home inspections, the list goes on and on. Cards, on the other hand, especially those being sold through auctions like E-Bay or actual A/H's, don't have that luxury. Most in the card biz know that shilling and bid retractions, to name a couple, exist all the time and if either one says they're surprised, they are also lying.

Again, listing a card as being sold for $80,000 when no money exchanged hands, and the fact they probably knew by then the bid was retracted, or whatever the case is, like I said, is outright deceptive and nothing but a lie.

Actually there was a huge housing market crash for 3 or so years and tens of thousands of people bought houses that could not afford it. People with no income were getting $250,000 loans with no money down. There was also robo signatures and no real check on someone's ability to pay. Those 'sold' prices absolutely impacted the market price for legitimate buyers in the housing market.

For all we know someone could of borrowed from their credit card $50000 and bought a card then never paid the credit card. Borrowing money you cant afford and paying for an item would mean that item 'sold' but its not a true sale if the buyer couldnt afford the item. People were flipping cards and people were flipping houses as well. Credit finally ran out in the housing market and perhaps in the card market if the buyer was unable to flip an earlier card they now couldnt afford the pricey auction item they initially intended to pay.

Adding facts about 'they probably knew by then the bid was retracted' is an added premise. We have no idea of that. The example of someone bidding for the card and having a legal obligation to pay for it but not having the funds to pay for is equally as possible.