Would you use Ebay to flip a big $$$ card?

[glchen]

Assuming the seller didn't sell the card to himself (or a friend), I would assume this is a firesale, and the seller needed money. Ebay is the fastest way to get payment if you need funds immediately. Consignments will typically get you higher prices, but it takes time for you to get paid off, and sometimes you need funds immediately for whatever reason.

[bcbgcbrcb]

How about the consignor of the card to Legendary somehow got the card back and then put it up on e-bay?

[Matt]

Originally Posted by bcbgcbrcb

How about the consignor of the card to Legendary somehow got the card back and then put it up on e-bay?

hypothetically, the consignor could have bought the card for $5k, 'won' his own card at $10k thereby setting the market and making an $8k sale look like a deal. As I recall, Lew Lipsett wrote an article about how prevalent that was, back in the LATE 1970s!

[Jaybird]

Originally Posted by Matt

hypothetically, the consignor could have bought the card for $5k, 'won' his own card at $10k thereby setting the market and making an $8k sale look like a deal. As I recall, Lew Lipsett wrote an article about how prevalent that was, back in the LATE 1970s!

only problem here is that he would have had to pay the buyers premium of $2K. Then when he sells on ebay he's looking at fees on that end. Net profit of a couple hundred not a couple thousand.

[Matt]

Originally Posted by Jaybird

only problem here is that he would have had to pay the buyers premium of $2K. Then when he sells on ebay he's looking at fees on that end. Net profit of a couple hundred not a couple thousand.

In my hypothetical, you presume the seller was out the full BP to Legendary, but who knows what was negotiated. Even if that is true, the seller had no way of knowing what the eBay one would sell for - worst case, put a reserve at your break even; best case, have it sell for close to what the market was 'set' at and make a few thousand.

[Jaybird]

true that. I agree with your possible scenario. Hopefully it didn't pay well and he won't do it again.

[alanu]

Could be the buyer needs the money for something they like better in the REA auction.... the chase is sometimes better than when I actually have the card in hand