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#1
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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listing a card as being sold for $80,000 when no money exchanged hands, and the fact they probably knew by then the bid was retracted, or whatever the case is, like I said, is outright deceptive and nothing but a lie.
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
#2
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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.
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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; 02-03-2017 at 03:22 PM. |
#3
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Either this card in question did sell for that amount, contrary to what a lot of people said on here, or the A/H, for whatever reason, didn't bother to adjust their sold listing. After reading what the A/H was speculating about this card and future sales, I am pretty sure they were likely highly embarrassed and therefore, trying to save face by not correcting the actual sold price.
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
#4
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#5
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Agreed with above post, though doubt it will happen. This would be similar to using a home appraisal, throwing out first payment defaults. VCP I believe already does eliminate the highest and lowest sales when the compute their average. If someone doesnt pay for their house 29 years, and 11 months down the road, is THAT still a sale?
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#6
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If somone bought a psa 5 topps mantle for 70k due to a credit card advance that he never paid and another psa 5 topps mantle went to market i know i would of wanted to know that information. When funds are borrowed to pay for things it brings up a lot more factors to me. Someone that borrows money may need to sell the card fast and attempt to flip it to pay back the loan and take risk of a loss versus a cash investor as one example. I know when a house is foreclosed on (after a recent purchase) and sold by the bank the expected new sale price from the bank will be less than the prior sale in many occasions. If no money is ever borrowed on a home there is no risk of the foreclosure fire sale. Last edited by 1952boyntoncollector; 02-05-2017 at 11:01 AM. |
#7
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What ebay sales via about paypal bill me later?
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#8
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If money did not exchange hands, then there is no sale, and with no sale, they have no right to say the card sold for that amount. Personal story. I had listed a snowmobile for sale quite a few years ago for a $1000.00 dollars. I had an out of town person call me and tell me they would take it for that amount sight unseen and would be there in 2 days to pick it up. In the meantime, I had 2 guys come by for a look and see and they said they would take it for $800. I told them, although I didn't feel very good about it (greed got the best of me!) that I had a guy who was going to give me a $1000 for it in 2 days. 2 days came and passed, and you guessed it, the original person, who said they would buy it for a $1000.00 was nowhere to be found? I called and received no answer so I called the other 2 guys who offered me $800 but they had already purchased another sled. Long story short, I ended up only getting $650 for it. When my friends asked what I "sold" my sled for, I told them $650 dollars,,,,,,,,,, not the $1000.00 the first guy said he would purchase it for.
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
#9
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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. Last edited by 1952boyntoncollector; 02-04-2017 at 02:53 PM. |
#10
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![]() I know very little about the big house crash in the U.S., other than to say I heard about it, but did houses not sell, money exchanged hands, and did the people/new owners not move in before it crashed?
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
#11
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Don't forget if they did pay for the card, but then filed bankruptcy
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#12
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Thus moving in doesnt mean anything as they didnt own the house but again the sale price was registered in the market. On ebay past sales are shown all the time even when payment is not received. Saying an item is 'sold' doesnt mean money exchanged hands, it means a legal obligation was there to pay for it. |
#13
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The single worst, and possibly most inaccurate, description of the housing crash i have ever laid eyes on
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#14
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![]() I think I am wise just to let my questions about this $80,000 dollar Koufax die.
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52 Topps cards. https://www.flickr.com/photos/144160280@N05/ http://www.net54baseball.com/album.php?albumid=922 |
#15
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but again, my argument is that you can easily 'sell' something as an auction house and it not be an outright lie if money doesnt change hands. Last edited by 1952boyntoncollector; 02-05-2017 at 09:09 AM. |
#16
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Jake, there is so much wrong with your description of the housing market crash, I don't know where to start a critique, however correct your analogy might be, which is getting increasingly more difficult to decipher.
Are you saying "a bubble is a bubble and can burst when we don't know what's actually inflating it"? That I can agree with
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
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