Mile High Auction

[swarmee]

https://www.psacard.com/auctionprice...ues/238063#g=8

[BleedinBlue]

A couple recent sellers lost big when trying to resell their cards a year later. $24k and $47k losses at hammer price. Actual losses much higher

[Orioles1954]

Originally Posted by BleedinBlue

A couple recent sellers lost big when trying to resell their cards a year later. $24k and $47k losses at hammer price. Actual losses much higher

Which cards?

[swarmee]

Click the link and sort by Cert Number.

[BleedinBlue]

Originally Posted by Orioles1954

Which cards?

Three examples:
Cert number 04001233
Sold 2/26/17 $132k
Sold 2/25/18 $108k
$24k loss at hammer price

Cert number 06079957
Sold 11/19/16 $143.4k
Sold 6/29/17 $90k
$53.4k loss at hammer price

Cert number 06252313
Sold 4/14/16 $155.4k
Sold 5/22/17 $108k
$47.4k loss at hammer price

[Orioles1954]

Ouch!

[1952boyntoncollector]

Originally Posted by BleedinBlue

Three examples:
Cert number 04001233
Sold 2/26/17 $132k
Sold 2/25/18 $108k
$24k loss at hammer price

Cert number 06079957
Sold 11/19/16 $143.4k
Sold 6/29/17 $90k
$53.4k loss at hammer price

Cert number 06252313
Sold 4/14/16 $155.4k
Sold 5/22/17 $108k
$47.4k loss at hammer price

assuming money changed hands on the first sale...i havent seen anyone admit to a 20-40k loss in a year on a card on net54 when the loss just occurred....and we know many of these big purchases are from net 54s......

[bensie]

Originally Posted by 1952boyntoncollector

assuming money changed hands on the first sale...i havent seen anyone admit to a 20-40k loss in a year on a card on net54 when the loss just occurred....and we know many of these big purchases are from net 54s......

Why would someone just come forward with that info? If it were my card I would keep quiet and not want to talk about it.

[1952boyntoncollector]

Originally Posted by bensie

Why would someone just come forward with that info? If it were my card I would keep quiet and not want to talk about it.

well they can take the loss on their taxes....and can say made X amount more on another deal..so they can spin it a lot of ways

Point being we have never verified any of these losses...whether there is a good reason or not why no one has come forward to verify if theses sales are actually real...the fact a 75k card is being sold twice in a year does happens but still is suspicious

[conor912]

Originally Posted by 1952boyntoncollector

assuming money changed hands on the first sale...i havent seen anyone admit to a 20-40k loss in a year on a card on net54 when the loss just occurred....and we know many of these big purchases are from net 54s......

Agreed. I'd be curious to see the last transactions before these. More likely the card sold for $80k, then a fake sale at $140k then a real sale at $100k. The original owner makes $20k and the new owner/"sucker" thinks he got a great deal.