Any One Collect Pins?

[ooo-ribay]

Originally Posted by Chris Counts

It seems like every pin I don't have is worth $500. That last Hakes auction was the final straw for me. Seeing all those pins go straight to eBay for even higher prices took away all the fire I had for chasing after them. I'm going back to collecting something that's fun ... like anything else.

I'm not sure I agree with the "business model" of the guy who scooped so many pins in the last Hake's auction. If someone (like me) bid a pin up to $250, what makes the winner think I will now pay double that? I'm pretty sure he has a lot of inventory left of his winnings...

[MK]

Originally Posted by ooo-ribay

I'm not sure I agree with the "business model" of the guy who scooped so many pins in the last Hake's auction. If someone (like me) bid a pin up to $250, what makes the winner think I will now pay double that? I'm pretty sure he has a lot of inventory left of his winnings...

He’s done this with every single auction of Paul’s collection. Maybe he’s content with having them in his collection but would sell if someone is willing to really pay up.

[batsballsbases]

Originally Posted by MK

He’s done this with every single auction of Paul’s collection. Maybe he’s content with having them in his collection but would sell if someone is willing to really pay up.

Mike,
His business model has always been to try and double his money.BUT with the 20% premium and his very high prices on his relisted pins he will be sitting with them for a very long time... I was under bidder on 4-5 of those pins he has now. I will not bring myself to pay those prices on them that he put on them.. I won 3 items last time around and I cant believe he will be that stupid to do it again this time.... As we know pin collectors are a small group and dont have unlimited funds.... He also drives up every single pin that comes up on ebay.....Time to send the message that we wont buy your pins at that level... Good luck with sales!

[MK]

Originally Posted by batsballsbases

Mike,
His business model has always been to try and double his money.BUT with the 20% premium and his very high prices on his relisted pins he will be sitting with them for a very long time... I was under bidder on 4-5 of those pins he has now. I will not bring myself to pay those prices on them that he put on them.. I won 3 items last time around and I cant believe he will be that stupid to do it again this time.... As we know pin collectors are a small group and dont have unlimited funds.... He also drives up every single pin that comes up on ebay.....Time to send the message that we wont buy your pins at that level... Good luck with sales!

Al,
I thought the idea was to buy low and sell high. Buying high and selling very high doesn’t sound very profitable. I was also outbid on several pins and have no desire to go even higher now.

[batsballsbases]

Originally Posted by MK

Al,
I thought the idea was to buy low and sell high. Buying high and selling very high doesn’t sound very profitable. I was also outbid on several pins and have no desire to go even higher now.

Mike that is the general idea but in his case his business model has always been to double up... it will be very unlikely it will happen with these pins that he bought. He has now tied up alot of funds on these pins and will be sitting on them for a long time. My feeling on some of them he will be taking a loss at some point because prices are way to high. He has to start to understand there is a point when you have to stop pushing the button on auctions... with a 20 % mark up and way to high prices you need to change your business model. But hay what do I know Im just a retired multiple business owner who had alot of success !

[ooo-ribay]

Originally Posted by batsballsbases

Mike that is the general idea but in his case his business model has always been to double up... it will be very unlikely it will happen with these pins that he bought. He has now tied up alot of funds on these pins and will be sitting on them for a long time. My feeling on some of them he will be taking a loss at some point because prices are way to high. He has to start to understand there is a point when you have to stop pushing the button on auctions... with a 20 % mark up and way to high prices you need to change your business model. But hay what do I know Im just a retired multiple business owner who had alot of success !

I believe he has a Marichal Pm-10 (Hake’s win) up for $195.....while other sellers have it for $39.95.

[ooo-ribay]

OMG! Someone paid $331 for the very, very, very common Carl Hubbell PM-10.

[Chris-Counts]

I'm just glad I haven't run into someone like him in other realms of baseball collectibles, where I can still fund stuff at reasonable prices (cards, programs, caps, signed balls, etc.). I might have busted my piggy bank for a couple pins in the last Hake's auction, but there's no way I'll pay what he's asking now. So his business model just chased away one of his customers.