Questions about the hobby

[groundskeeper]

I agree I would have preferred the SGC myself. 4,000 dollar spread for simultaneous auctions of near identical cards.....sorry but that is just too weird to write off as a quirk of the bidding process.

Something is fishy.

[todeen]

Someone else, a week or two ago, was complaining about the price difference between PSA and SGC. I wouldn't know, I like raw cards, but he said he occasionally flips cards and he noticed that his SGC cards haven't reached the same prices PSA cards have (for identical player/year), and have even sometimes lost value.

As for something I agreed with on a different thread - just be patient, keep searching, and good deals come along.

[Goudey77]

Winning a PWCC auction requires 20% premiums like the big houses. So just keep that in mind

[Rhotchkiss]

What happened with those two Johnson’s is just not right. I understand PSA gets more than SGC, but the PSA was inferior and pulled more than double. I am throwing the flag on that one- very fishy. As for the rest, I think there are people out there spending stupid money. The National will be telling- if you see a ton of new faces, then there is a ton of new money. I suspect that is the reason in most cases. And of course, the new money pushes the old money to reach for things.

[ullmandds]

What's happening in the hobby? A lot of stupidity imo!!!!! There are many "mindless" "investors/collectors" walking around brainwashed like zombies muttering...PSA...PWCC. They see Forbes articles touting the powers of investing in BB cards when the data is being presented by the marketing machines of PWCC...PSA...who are getting fat with cash because of it.

It's similar to reading the business news and some analyst who has a vested interest in a given security is touting that security.

Time will tell...but these such increases are not sustainable.

With many auction houses now "allowed" by their rules to SHILL up their lots...if you don't think this is happening with PWCC...you're DUMB!

[Yastrzemski Sports]

Check out these search results

https://m.ebay.com/sch/i.html?_from=...te=1&LH_Sold=1

I had someone bring in one of these Gretzky cards a week ago which brought this to my attention. It is a Gretzky room key promo from the National with a picture of a Gretzky card on the front so it is not actually autographed or numbered. There are 4 sold listings. One sold in a lot with a McDavid for $12. PWCC sold 3 of them for between $130-170 each time it “sold”.

This is probably worth about $5-10 to a Gretzky collector who needs to have every card IMO.

[ullmandds]

Originally Posted by Yastrzemski Sports

Check out these search results

https://m.ebay.com/sch/i.html?_from=...te=1&LH_Sold=1

I had someone bring in one of these Gretzky cards a week ago which brought this to my attention. It is a Gretzky room key promo from the National with a picture of a Gretzky card on the front so it is not actually autographed or numbered. There are 4 sold listings. One sold in a lot with a McDavid for $12. PWCC sold 3 of them for between $130-170 each time it “sold”.

This is probably worth about $5-10 to a Gretzky collector who needs to have every card IMO.

looks like honest bidding to me!!!!

[buymycards]

Originally Posted by Goudey77

Winning a PWCC auction requires 20% premiums like the big houses. So just keep that in mind

What? PWCC doesn't have a buyers premium.

[Goudey77]

Originally Posted by buymycards

What? PWCC doesn't have a buyers premium.

Oh I didn’t mean PWCC adds a premium. If you want to win an auction these days you’ve gotta place a 20% premium on the bid price to have a chance. Overbidding is the new fair market value bidding.

[conor912]

Originally Posted by Goudey77

Oh I didn’t mean PWCC adds a premium. If you want to win an auction these days you’ve gotta place a 20% premium on the bid price to have a chance. Overbidding is the new fair market value bidding.

I think the way to look at it is as having future earnings baked into the price. Because in theory, if someone is willing to pay a price, regardless of what anyone else thinks of said price, that's the market value. Yes, it's a market of one, but that's all it takes.

[drcy]

Originally Posted by conor912

I think the way to look at it is as having future earnings baked into the price. Because in theory, if someone is willing to pay a price, regardless of what anyone else thinks of said price, that's the market value. Yes, it's a market of one, but that's all it takes.

I disagree that that is market value. In fact, in cases it isn't the market value because the one person willing to pay that much now owns it and is out of the market.

The general rule of thumb in analyzing a large group of number results is you start by throwing out the highest and lowest numbers, because, at best, they are outliers or extremes, and, at worst and commonly, errors, corrupted or garbage.

You should at the least have a second similar sales result before you call the 'record' price the standard. Because, except for in a tie, the record by definition means the exception.