Cards making the rounds

[Peter_Spaeth]

Originally Posted by barrysloate

Can you mathematically lose 800% on an investment?

Behind door #2 anything is possible.

[barrysloate]

If I buy something for $1000, and sell it for $200, I believe I've lost 80% of my original investment.

[Leon]

Originally Posted by barrysloate

If I buy something for $1000, and sell it for $200, I believe I've lost 80% of my original investment.

hey Barry.....the numbers are so staggering I think I went the wrong way in my calculation..... ....at any rare it is 7.3x less than it went for last time.

[canjond]

Originally Posted by barrysloate

If I buy something for $1000, and sell it for $200, I believe I've lost 80% of my original investment.

But if you buy it for $1000 and sell it for $20...

[Bicem]

Originally Posted by canjond

But if you buy it for $1000 and sell it for $20...

no, you're only losing 98%.

[daviddbreadman]

I may be naive but what is between the lines here. Are you guys saying that people are legitimately buying card and then selling them for losses or are you saying there is something else behind the scenes that I don't understand going on here?

[Peter_Spaeth]

Originally Posted by daviddbreadman

I may be naive but what is between the lines here. Are you guys saying that people are legitimately buying card and then selling them for losses or are you saying there is something else behind the scenes that I don't understand going on here?

David, we are suggesting there is more here than meets the eye.

[glynparson]

That would be 98%. As was pointed out above the only way to lose more then 100% is if you pay someone to take it.

[Bicem]

Originally Posted by glynparson

That would be 98%. As was pointed out above the only way to lose more then 100% is if you pay someone to take it.

which by the way would make you the world's worst card flipper.

[tbob]

I've noticed those really nice bakery cards going for quite a bit less than they did a year ago. Of all the cards I have seen auctioned and re-auctioned, the bakery cards seem to be taking the biggest hits.

[Matt]

Here is a memorable one:
PSA 6 Herpolsheimer's Joe Jackson (same card all 5 times)

7/31/08 eBay london_venture Anonymous $6,521.00
3/24/08 eBay joejacksone90-1 rosie7495 Best Offer $8,500.00
2/14/08 Mile High $9,815.95
9/14/07 SCP $6,848.40
4/29/07 REA $7,637.50

[canjond]

Originally Posted by glynparson

That would be 98%. As was pointed out above the only way to lose more then 100% is if you pay someone to take it.

Good call - glad it's friday.

[T206Collector]

...certain cards enter the market -- circulate around a bit -- and then drop out of existence "forever" when they find the right home.

[Rich Klein]

From the early 1950's which he inscribed to a doctor and that one kept making the rounds as well. The doctor was the brother of a leading Brooklyn political figure so I would suspect the signature was good -0- but I swear it was sold at least four times between 2005 and June 2007 all from "good" auction houses.

My speculation; which is worth the paper I'm typing this on; is that there were probably hidden reserves on the ball each and every time. Or that the buyer had a friend put bids on for him/her. And of course; there could actually have been four different transactions -- but I remember seeing that ball for the fourth time in that 18 month period and wondering why I kept seeing the same signed baseball.

I wonder how often that holds true for these cards as well

Rich