Auction flippers

[T206Collector]

Mill Creek did this with a ton of the Doc Steen stuff which sold in May 2015 at a lesser known auction house. At one point I offered them some of my signed M101-2s from that collection for twice what I paid, but still 50% below their markup on their M101-2s. Their response literally was “No, why would I do that?” So, it’s not like they think the items are worth 4x what they are worth. They just know on rare items that a whale will come along once in awhile and bite. I suppose the business model only works when You can mark it up five times their purchase price.

So they still have stuff from the Doc Steen collection on eBay some 6 years later, including these 3 photos at the link below. Sometimes these items become more or less museum pieces than collectibles.

https://www.ebay.com/sch/i.html?_fro...=0&_odkw=stein

They purchased the Bill Lee for $50, and they’ve had it listed at $260 for the last 6 years!

https://www.liveauctioneers.com/item...otograph-10-x8

https://www.ebay.com/itm/233692419729

[doug.goodman]

Originally Posted by T206Collector

Mill Creek ... they think the items are worth 4x what they are worth. They purchased the Bill Lee for $50, and they’ve had it listed at $260 for the last 6 years!

Currently "on sale" for "only" double and a half what they paid for it...

[bnorth]

Originally Posted by doug.goodman

Currently "on sale" for "only" double and a half what they paid for it...

That is way better than the ones that add provenance to a item.

I have seen a awesome signed ball with a cool inscription sell 4 times over the years. The first 3 times it had the same description. The last seller is a highly respected "collector" and a real POS. When he sold the ball it somehow became game used from a record setting game. I messaged the seller and not only did they stick to the lie they then tried telling me it was also a rookie autograph.LOL

I guess I am saying I would rather have someone who is a flipper try to make a killing than be a con artist. LOL, I know that is a LOT to ask for.