BIN vs. Auction

[calvindog]

Bobby, you make fair points: the grass is always greener, no doubt.

And some of the times, the reason bidders don't put offers on BINs within 20% of the price is because the BIN price is 40-50% higher than it should be. For example, there are two Cobb cards I'm interested in on ebay with ridiculously high BINs. I made offers on both higher than what the cards have normally sold for over the past few years -- and each time I have gotten countered with prices of $50 less than the BIN. Not surprisingly, I was the only one to make an offer on either card during the 30 day period. At least in NYC real estate, when no one buys a listed apartment after a few months the prices get cut. On ebay, the high prices just linger forever.