How to Buy a Collection

[rhettyeakley]

It depends on the situation. If it a rare collection you may have to pay pretty strong relative to the value of the items, on the other hand if you are buying somewhat common or low-demand items then one does not expect to sell them at or anywhere near market value. Often times collections like that will take a long time to liquidate will sell for only a small fraction of what any book may tell you.

At the end of the day a collectible is only worth what someone is willing to pay. Without knowing more about the situation and the types of items being offered it really makes it tough to give a good opinion in this case.

-Rhett

[Bkrum]

Great topic....will be interesting to see the responses. I’ve always wondered what math dealers use when formulating a buy price

[Bieg]

Deleted

[Republicaninmass]

To sell one, shamelessly plug it in this thread


To buy, takes a lot of research, and depends on the result you want.


I've bought collections for one card, and sold the rest. I've bought 90s junk and grad the best, dump the rest. I've bought lots to build sets and sold over time.

[clydepepper]

Easy as pie, just follow these steps:

1.)
Send me One Million Dollars and your mailing address.

2.)
Enjoy!



=

[bmattioli]

Do your homework, study and know what the hell your buying. Knowledge is key..

[jfkheat]

Have you seen the collection? How big is the collection? Do you know what key cards are included? Would you be buying to keep or resell? I would base my offer on the value of the key cards.

[Bieg]

Originally Posted by Republicaninmass

To sell one, shamelessly plug it in this thread


To buy, takes a lot of research, and depends on the result you want.


I've bought collections for one card, and sold the rest. I've bought 90s junk and grad the best, dump the rest. I've bought lots to build sets and sold over time.

Sorry you are upset about that. Back in 2015 lots of people on this forum were excited about a previously undiscovered collection being found and wanted to know more about it.

I promised to let the forum members know when they come up for sale. And so I have. Those 90 cards are from the Antique Roadshow find. I was lead to believe this was of interest to some folks here. Sorry if it was the wrong place to mention it. If it violates some rule I will take it down.

[kmac32]

Originally Posted by Bieg

Sorry you are upset about that. Back in 2015 lots of people on this forum were excited about a previously undiscovered collection being found and wanted to know more about it.

I promised to let the forum members know when they come up for sale. And so I have. Those 90 cards are from the Antique Roadshow find. I was lead to believe this was of interest to some folks here. Sorry if it was the wrong place to mention it. If it violates some rule I will take it down.

Actualy posting it here is fine in my opinion. Are the other T205 AB cards in the REA auction from the same collection. Fabulous group of cards!

Kmac

[Orioles1954]

I'm always honest and up front with folks. I usually offer 50% of what I could sell the proceeds for after fees. Some people decline. More accept.

[insidethewrapper]

Thanks for the input. Interesting ideas. I still wonder how much would you have offered if you ran across that Michigan find of auto cards that were recently offered for sale in the REA Auction ? The one card of Ruth Goudey alone sold for
$ 132K with buyers premium.

[Leon]

Members get a little edgy because, generally speaking, promoting your own sale is not allowed on the front page *unless it's a paid ad. That said it's not a big deal but please don't do it anymore. There is a place in the BST section to promote your auction sales. It says Ebay and other auction venues....or something like that and that is where this kind of plug should go. Good luck with the auction.

As far as buying a collection, I like the 50% value rule. It just depends, as was said, what is in the collection. But knowledge is key no matter what.

Originally Posted by Bieg

Sorry you are upset about that. Back in 2015 lots of people on this forum were excited about a previously undiscovered collection being found and wanted to know more about it.

I promised to let the forum members know when they come up for sale. And so I have. Those 90 cards are from the Antique Roadshow find. I was lead to believe this was of interest to some folks here. Sorry if it was the wrong place to mention it. If it violates some rule I will take it down.

[Bkrum]

When buying a large collection it isn’t possible to price out every card so there has to be some sort of rule of thumb. I’m guessing price the key cards and apply some sort of metric to it (50% has been quoted) and then some sort of per card metric for commons (ie: $1/card for 50s,etc). Pricing sets I’m thinking attach an average grade to it and apply the metric to that. Seems like a daunting process but tons of fun

[Bieg]

Originally Posted by Leon

Members get a little edgy because, generally speaking, promoting your own sale is not allowed on the front page *unless it's a paid ad. That said it's not a big deal but please don't do it anymore. There is a place in the BST section to promote your auction sales. It says Ebay and other auction venues....or something like that and that is where this kind of plug should go. Good luck with the auction.

As far as buying a collection, I like the 50% value rule. It just depends, as was said, what is in the collection. But knowledge is key no matter what.

Deleted and reposted on the appropriate page.

[Republicaninmass]

Originally Posted by Leon

Members get a little edgy because, generally speaking, promoting your own sale is not allowed on the front page *.

It had absolutely nothing to due with the thread title.