Why do many put so much emphasis on PAST sales??

Snapolit1 · #1 09-26-2021, 11:29 AM

Looking at past sales of other cards is obviously important.

Would you feel comfortable bidding on a house completely blind to what other homes in the neighborhood and street recently sold for because "hey, all houses are different when you think about it." Well, sure, but certainly doesn't mean median home sales in the neighborhood and on the street are not critical data points to consider. Not the be all and end all of course.

drcy · #2 09-26-2021, 12:25 PM

Obviously, you put much emphasis on past sales. Otherwise, there would be no prevailing price.

Though the OP did say "so much emphasis."

I am of the philosophy that one sale does not make market price.

Luke · #3 09-26-2021, 02:49 PM

Your Mantle example is a good one. You should price that well above a typical 1, and any serious buyer would expect that. Anyone who tried to tell you about VCP for that card doesn't need to be taken seriously. I would just politely tell them I'm not interested in selling for the prices they are quoting.

Republicaninmass · #4 09-26-2021, 02:58 PM

Many many many of the new cards are softer than a sneaker full of dog crap. They've been pumped 300% over the past 2 years, and there are no more buyers at these levels. Add in the millions of modern at psa, and makes for a perfect storm of GTFo before the bottom is in.

Vintage rarities may only have one buyer. You can wait like Dean's cards for prices to catch up, or make a deal.

There is no other way to come up with a price, other than using past sales. However, a seller can pick or choose they way they read into those sales!

Snapolit1 · #5 09-26-2021, 07:28 PM

I�ve seen many example on eBay of cards I sold someone last year for $800 or $900 that are now listed for four or five times that. I wish them well. The card will be on eBay for years but whatever.

Quote:

Originally Posted by Republicaninmass

Many many many of the new cards are softer than a sneaker full of dog crap. They've been pumped 300% over the past

2 years, and there are no more buyers at these levels. Add in the millions of modern at psa, and makes for a perfect storm of GTFo before the bottom is in.

Vintage rarities may only have one buyer. You can wait like Dean's cards for prices to catch up, or make a deal.

There is no other way to come up with a price, other than using past sales. However, a seller can pick or choose they way they read into those sales!

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