Ticket Stub Flipper Gets Crushed

[Wildfireschulte]

Could seller have a hidden reserve at Golden in which the Cobb ticket didn't actually sell?

[Snapolit1]

Feel like we are entering an era where there will be some mild rejoicing and good humor value in watching people got their ass handed to them on a silver platter. I will avoid the temptation, however tempting, to rejoice in this stuff. Who knows who is a flipper. Maybe it's a dude whose marriage just fell apart or a family member who just got sick and all of a sudden a recent purchase doesn't look so smart. Most likely a super rich person who isn't feeling any pain at all, but who knows.

[Republicaninmass]

Originally Posted by Snapolit1

Feel like we are entering an era where there will be some mild rejoicing and good humor value in watching people got their ass handed to them on a silver platter. I will avoid the temptation, however tempting, to rejoice in this stuff. Who knows who is a flipper. Maybe it's a dude whose marriage just fell apart or a family member who just got sick and all of a sudden a recent purchase doesn't look so smart. Most likely a super rich person who isn't feeling any pain at all, but who knows.

What were those idiotic "moments" people were buying for thousands, now their isnt even anyone on the site?

Just the start of it, and I will be buying when we see substantial drops!

Judging from a recent auction, almost all the cards I researched had been bought on ebay less than a year prior. Pretty silly move, but prices only go up right?

[perezfan]

Flippers are in for a rough ride in coming months, I'm afraid.

Not shedding any tears for them, haha.

[Belfast1933]

Originally Posted by Snapolit1

Feel like we are entering an era where there will be some mild rejoicing and good humor value in watching people got their ass handed to them on a silver platter. I will avoid the temptation, however tempting, to rejoice in this stuff. Who knows who is a flipper. Maybe it's a dude whose marriage just fell apart or a family member who just got sick and all of a sudden a recent purchase doesn't look so smart. Most likely a super rich person who isn't feeling any pain at all, but who knows.

Good take... I 'll never understand the anger toward collectors who approach the hobby ethically but different from vintage collectors. Odd to see anyone "enjoy" watching flippers lose money, or new hobbyists get discouraged because of a big decline in value of the ne, shiny stuff.

I'll bet most us started with our own "new, shiny stuff" when we first started collecting - eventually, we discovered how cool and interesting vintage can be.

Maybe we can ease up a little...

[Shoeless Moe]

Originally Posted by Wildfireschulte

Could seller have a hidden reserve at Golden in which the Cobb ticket didn't actually sell?

I don't think so, I was in on the bidding in Overtime and led at one point, never saw any message of there being a Reserve.

[Shoeless Moe]

Originally Posted by Wildfireschulte

Could seller have a hidden reserve at Golden in which the Cobb ticket didn't actually sell?

Just got a message from the winner of the ticket so it did indeed sell at that price last night.

[bigfanNY]

Last night a wilt 100 point stub psa 2 sold for 24k with juice. In August same Auction house sold a PSA auth. For over 85k.. and more than one 100 point stub changed hands over 60k last year A mighty big drop for a Monumental stub. A few Jordan All star / Slam dunk stubs have also taken a substantial downturn. So the ticket market seems to have lost momentum.

[Hankphenom]

Cray-cray in all kinds of arenas hasn't been faring too well lately. Gives me hope for the future.

[Exhibitman]

[BRoberts]

I dabble a bit in ticket stubs, specifically no-hitter stubs. I was under the impression that ones from Bob Lemon's no-hitter in 1948 was a toughie. One sold on eBay last night for a little less than $300, much less than I thought it would. Interested in hearing the thoughts of you who are smarter than me when it comes to tickets. Did I just have the Lemon ticket stub overvalued? I thought the buyer got a good deal, but maybe not?

[mrreality68]

I emphasize but it is hard to totally feel for the flippers.
It is their choice like any investment to buy and sell and part of that is hit it big and other times striking out. On the flip side some also make getting cards impossible because of the prices they drive up or because they set prices so high(their choice and right) on places like eBay that collectors cannot get them and they sit on them forever hoping someone will buy or the market will catch up to their prices