Dean's Cards Discounts

[raulus]

Originally Posted by Vintage Vern

Yep. Does it drive the market for that card and similar cards with the same value or do you own a card that will take time for the world to catch up. Do these sellers actually influencing the market.

In general, particularly with my example, I think the answer is no, or not really.

There’s just way too many 72T Mays cards in circulation for any one dealer to have an impact on the market, at least one that lasts for very long. And a single sale at 10x the going market price is likely to be ignored by most everyone as an extreme outlier. Now if you get 5 or 10 that sell for that price, the trend might get a little more momentum. But my guess is that even then with my example, it wouldn’t last long, because owners would flood the market with similar examples, and the price would come right back down to around where it was originally.

One example not too different than this happened a year or two ago. Some guy started buying up all of the T206s that he could find on eBay for a particular player, who I think shared his same name. Price spiked for a few days until he had sated his appetite. Market flooded with a bunch of them at silly prices for a bit, in part because he was paying silly prices. And then once he stopped, the market eventually came back down once it was clear that he was done buying, and no one else was going to pay that much.

I do think the one exception is in situations where stuff is rare. Like really rare, with maybe only a handful of known examples, and where you might have to wait years or even decades for them to come onto the market. In that case, the market could be affected simply because transactions happen so infrequently, and your only option as a buyer is to either pay the asking price, or wait years or decades for another one to come on the market.

[Vintage Vern]

Originally Posted by raulus

In general, particularly with my example, I think the answer is no, or not really.

There’s just way too many 72T Mays cards in circulation for any one dealer to have an impact on the market, at least one that lasts for very long. And a single sale at 10x the going market price is likely to be ignored by most everyone as an extreme outlier. Now if you get 5 or 10 that sell for that price, the trend might get a little more momentum. But my guess is that even then with my example, it wouldn’t last long, because owners would flood the market with similar examples, and the price would come right back down to around where it was originally.

One example not too different than this happened a year or two ago. Some guy started buying up all of the T206s that he could find on eBay for a particular player, who I think shared his same name. Price spiked for a few days until he had sated his appetite. Market flooded with a bunch of them at silly prices for a bit, in part because he was paying silly prices. And then once he stopped, the market eventually came back down once it was clear that he was done buying, and no one else was going to pay that much.

I do think the one exception is in situations where stuff is rare. Like really rare, with maybe only a handful of known examples, and where you might have to wait years or even decades for them to come onto the market. In that case, the market could be affected simply because transactions happen so infrequently, and your only option as a buyer is to either pay the asking price, or wait years or decades for another one to come on the market.

Thanks. I lumped your response with snowmans in my response.