Memory lane auction results last night

[oldjudge]

Originally Posted by Topnotchsy

Who is Joe T?

Joe T is a hobby veteran who works at Memory Lane. He is one of the most knowledgeable and nicest people in the hobby.

[darwinbulldog]

Does anybody here know how long it takes to receive payouts from consignments to Memory Lane? I emailed them about it 19 days after the auction ended, but they just replied "Please note that we do give our buyers 2 weeks to make payment and a lot of payments get sent to us at the end of that two weeks." No update since then. Are they known to be lax about their payment deadlines?

[Rhotchkiss]

I have consigned to a number of AHs. In my experience, memory lane is middle of road as far as paying out on consignments, which to me is 30-45 days. I don't think I have ever been paid, by any auction house, in 20 days or less.

[darwinbulldog]

Originally Posted by Rhotchkiss

I have consigned to a number of AHs. In my experience, memory lane is middle of road as far as paying out on consignments, which to me is 30-45 days. I don't think I have ever been paid, by any auction house, in 20 days or less.

Good to know. Thank you.

[raulus]

And just like that, one of the pieces sold at this ML auction turned up on eBay today, with only a 50% markup.

https://www.ebay.com/itm/386772549951

I guess it's better than the 100-200% markup I keep hearing about with other eBay listings.

[oldjudge]

The centering on that card is horrible. Good luck even getting what you paid.

[4815162342]

Originally Posted by raulus

And just like that, one of the pieces sold at this ML auction turned up on eBay today, with only a 50% markup.

https://www.ebay.com/itm/386772549951 …

If you look at VCP for that card in this grade, you won’t blame him.


Sent from my iPhone using Tapatalk Pro

[raulus]

Originally Posted by 4815162342

If you look at VCP for that card in this grade, you won’t blame him.

Hope springs eternal!

It's always possible that the current owner got it for a steal. I'm inclined to surmise that the price was right for the card within the holder. Or if not precisely right, then at least within the ballpark.

But maybe another set registry goon like me (well, not me specifically) will buy it at the new offered price because it's in the range of comps, regardless of the details.

[parkplace33]

Originally Posted by raulus

And just like that, one of the pieces sold at this ML auction turned up on eBay today, with only a 50% markup.

https://www.ebay.com/itm/386772549951

I guess it's better than the 100-200% markup I keep hearing about with other eBay listings.

I am seeing this more and more and more on selling platforms. Buying in auction, trying to flip immediately. Do these sellers not realize we have tools and can look up past prices in 5 seconds? Or are they just looking for a pushover to pay what they want?

[Republicaninmass]

Originally Posted by parkplace33

I am seeing this more and more and more on selling platforms. Buying in auction, trying to flip immediately. Do these sellers not realize we have tools and can look up past prices in 5 seconds? Or are they just looking for a pushover to pay what they want?

Someone will buy it just to flip it for higher next week.


Until they can't. This is why prices will drop dramatically when/if people need to sell and nobody is buying