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

[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

[ls7plus]

I agree with the propostion that it would be one of the last cards I would sell. I ran a few adds in Sports Collectors' Digest back in the late '90's as a dealer (Forever Summer Cards) just to see how I'd like that perspective, and my wife really put the nix on it because I tended to be my own best customer (couldn't stand to part with the good stuff!). Unless you're immune to the appeal of vintage, my guess would be he needed money, in this economy.

Regards,

Larry

[lentel]

Originally Posted by 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

That is so true. After I get something looking on to the next chase.