Goldin Auctions -- Cheaper Cards?

[Totalpackage]

Is the price for 86 Fleer Jordan coming down already? A PSA 10 Fleer Stickers sold 2 weeks ago for 230k and the one just sold only for 135k... it dropped $95000 in two weeks. I feel sad for the persons who bought for 200k+...

[k13]

Originally Posted by Jay9Suited

They are driving PSA 10 Jordan Fleers and Kobe Topps Chrome Refractor prices into the ground.

They should
Just common base cards.
Too make money everyone has to sell.

Everything will be dropping soon after the off season anyway and summer starting.

[Ross]

Originally Posted by Spacemanspif

A Ferrari dealership should not be selling used Camrys.

Correction, they should not even be selling new Camrys.

Correction, they should not even allow someone who owns a Camry on their lot.

All this low end (<$5k stuff) should not be sold on high end auction houses. As a buyer it makes no sense to pay a white glove 20% BP for stuff you can easily find on the open market. As a seller it makes no sense to cut down your potential buyer pool by 90%.

This. I used Lambo and ford but same deal.


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[k13]

Originally Posted by Totalpackage

Is the price for 86 Fleer Jordan coming down already? A PSA 10 Fleer Stickers sold 2 weeks ago for 230k and the one just sold only for 135k... it dropped $95000 in two weeks. I feel sad for the persons who bought for 200k+...

Who would be sorry for greedy #@#@#@#@s...

[Totalpackage]

Is that possible a BGS 9.5 Fleer #57 can come down to 10k range again?

[hauntedcomputer]

Maybe Goldin is just trying to sell as much as possible before the dip/correction/crash, which is really the smart thing to do, because it might be thirty years before the next bump/rise/bubble.

[packman80]

I thought goldin and some recent issues with their servers and auctions ending that created some issues maybe that has drove people away from them.

[Chris P]

Originally Posted by k13

They should
Just common base cards.
Too make money everyone has to sell.

Everything will be dropping soon after the off season anyway and summer starting.

Yeah..cause I have stacks and stacks of Chrome Kobe Refractors laying around my Nassir Little Hoops Base Rookies

[mcgee2134]

Originally Posted by KhalDrogo

It’s a reflection of how the auctions are designed. There were a number of cards that ended significantly lower than I expected. But I had never put any bids in during regular time, so couldn’t bud in extended time. Instead, the two things I bid on in regular time went for more than I wanted them for. Will be throwing in bids on anything I’m remotely interested in going forward.

Something like that happened to me last auction. There were two cards I wanted badly but could only afford one. I had an early bid on each one so I could bid on both of them but once the price got over a certain threshold I had to only go after one because I couldn't pay for both. The card I wanted more was priced lower at the time so I went after that one. That card kept going higher until I couldn't afford it and by that time, the other auction was over and at a much lower price. So I missed out on both even though I could've afforded the other card.

[Exquisite074]

Originally Posted by Spacemanspif

All this low end (<$5k stuff) should not be sold on high end auction houses. As a buyer it makes no sense to pay a white glove 20% BP for stuff you can easily find on the open market. As a seller it makes no sense to cut down your potential buyer pool by 90%.

Dead On! I'm bidding less and less on Goldin as similar cards ($20k and under) are popping up other places and I'm getting them there.

Originally Posted by packman80

I thought goldin and some recent issues with their servers and auctions ending that created some issues maybe that has drove people away from them.

This as well! Goldin has become more of a hassle as a buyer due to their ancient website. I posted about the auction where I had the highest bid, yet the card sold for less than my max bid - and I still haven't heard back about what happened (they don't know, terrible, ancient, website!) With this current auction - I only won one card - and the invoice they sent me doesn't match (or add up correctly) to the totals it shows online! Turns out that they are going to charge me MORE in shipping for this one card than when I won 2 cards... I'm sure it's legit based on how they calculate everything, but they should at least get the $ adders updated correctly when something sells lower than they want. Lots of things like that where it's become more of a chore to deal with the lesser cards on Goldin...

I think there are also fewer people being successful bidding high on Goldin then trying to sell their inflated wares elsewhere right now (trying to use Goldin as a comp)... I think this changes in a month or so when tax return and stimulus $ reaches people who don't save - we will see one more spike on all platforms...

[sebreg]

Originally Posted by Exquisite074

Dead On! I'm bidding less and less on Goldin as similar cards ($20k and under) are popping up other places and I'm getting them there.

This as well! Goldin has become more of a hassle as a buyer due to their ancient website. I posted about the auction where I had the highest bid, yet the card sold for less than my max bid - and I still haven't heard back about what happened (they don't know, terrible, ancient, website!) With this current auction - I only won one card - and the invoice they sent me doesn't match (or add up correctly) to the totals it shows online! Turns out that they are going to charge me MORE in shipping for this one card than when I won 2 cards... I'm sure it's legit based on how they calculate everything, but they should at least get the $ adders updated correctly when something sells lower than they want. Lots of things like that where it's become more of a chore to deal with the lesser cards on Goldin...

I think there are also fewer people being successful bidding high on Goldin then trying to sell their inflated wares elsewhere right now (trying to use Goldin as a comp)... I think this changes in a month or so when tax return and stimulus $ reaches people who don't save - we will see one more spike on all platforms...

Aren't they updating to a new platform soon? I never understood how one could run a business selling millions in inventory on an outdated aol era website. It's... lazy, and not be a #$%@ but kinda mickey mouse.

[mfw13]

As someone who has occasionally bought cards from auction houses in the past, here is my take:

1) The buyers premium (usually 15-20%) holds down prices when compared to venues that don't require a buyers premium.

2) Most auction houses are too lazy to put together "focused topic" auctions, thus forcing bidders to search through hundreds/thousands of lots to find things they might be interested in. Or to put it another way....pre-war baseball cards and LeBron rookies should not be in the same auction.

3) Because there are so many auction houses & auctions, each one gets comparatively fewer eyeballs than a general marketplace like EBay. I search EBay for cards on my wantlist once a week.....I rarely, if ever peruse auction house auctions. And it doesn't help that the auction houses do not do a great job marketing to the general public...if you're a registered bidder, you usually get an email, but if you're not, it's as if they don't exist.

[Totalpackage]

Originally Posted by hauntedcomputer

Maybe Goldin is just trying to sell as much as possible before the dip/correction/crash, which is really the smart thing to do, because it might be thirty years before the next bump/rise/bubble.

I am not scared of crash since I don't prefer sell my collection even for today's crazy price but I personally don't think there will be any crash like what happened in 2008 or drop down to anywhere near the price before the Last Dance documentary showed. By the way, for any chance if the market gets a huge correction and I think that's a second chance for me to grab anything I didn't grab in my collection right now.

[Totalpackage]

By the way, how long does Goldin Auction ships out the package after the payment was sent?

[triks]

Originally Posted by Totalpackage

By the way, how long does Goldin Auction ships out the package after the payment was sent?

Pretty fast. I sent a wire on Friday. The package was shipped on Monday and received on Tuesday.

[Brent72]

Originally Posted by hauntedcomputer

Maybe Goldin is just trying to sell as much as possible before the dip/correction/crash, which is really the smart thing to do, because it might be thirty years before the next bump/rise/bubble.

30 years? You're kidding, right?

[Onepocketj]

Originally Posted by lakerman34

I have quite a few things at Goldin right now. My 1980 Topps Magic/Bird/Dr. J PSA 7 sold for $3k, and I am pretty unhappy about that (turned down $5k about a month and a half ago -- really thought Goldin would get me more).

I just recently learned Goldin was the "kobe auction," and IDK, that makes me feel some sort of way. I may be taking my business to Heritage.

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Pretty silly to move your business because of that. He has no choice in that matter. Guess he was just supposed to lose all the money he fronted.

[Dame]

Really surprised the 2019 Kobe Nebula only went for $140k.

A 2015 Gold Prizm /10 went for that much.

[BenWallacePC]

Originally Posted by KhalDrogo

It’s a reflection of how the auctions are designed. There were a number of cards that ended significantly lower than I expected. But I had never put any bids in during regular time, so couldn’t bud in extended time. Instead, the two things I bid on in regular time went for more than I wanted them for. Will be throwing in bids on anything I’m remotely interested in going forward.

This is what I did with a few cards that I was mildly interested in, and I was able to snag one of the two I was very focused on for less than half the last ebay comp (well, by my estimation when converting from PSA to BGS slab anyways, but I digress), including all the Goldin buyer's fees. I was shocked, frankly.

[GOATcards]

Originally Posted by mfw13

3) Because there are so many auction houses & auctions, each one gets comparatively fewer eyeballs than a general marketplace like EBay. I search EBay for cards on my wantlist once a week.....I rarely, if ever peruse auction house auctions. And it doesn't help that the auction houses do not do a great job marketing to the general public...if you're a registered bidder, you usually get an email, but if you're not, it's as if they don't exist.

Probably not too hard to keep a watch on them.

[MavsRChamps]

It is silly to sell any card worth under $50,000 on there in my opinion.

Because the only people that buy on Goldin and would NOT buy on Ebay are pretty much a select few high rollers. That is an advantage for higher valued cards but for anything lower ... You need more eyeballs on it. 95% of card collectors either regularly use Ebay or at least search on it occasionally for cards, compared to 5% at most that are users of Goldin. If you're selling a run of the mill card, those 5% of people are statistically not going to be the 2,3,4 people that want the card the most.

[duron]

PSA 10 MJ 93 Finest Refractor for over 40k?

Dafuq?

[katho]

When post Covid normalcy returns...So will normal Card Prices!

[Totalpackage]

Originally Posted by MavsRChamps

It is silly to sell any card worth under $50,000 on there in my opinion.

Because the only people that buy on Goldin and would NOT buy on Ebay are pretty much a select few high rollers. That is an advantage for higher valued cards but for anything lower ... You need more eyeballs on it. 95% of card collectors either regularly use Ebay or at least search on it occasionally for cards, compared to 5% at most that are users of Goldin. If you're selling a run of the mill card, those 5% of people are statistically not going to be the 2,3,4 people that want the card the most.

I agree with you.

[fenwaykid]

Originally Posted by Dame

Really surprised the 2019 Kobe Nebula only went for $140k.

A 2015 Gold Prizm /10 went for that much.

100%, keep in mind this was Lot #1 at the auction too, typically reserved for absolute huge $ cards- I bet they thought it would do $1mm. If I was the seller I’d be furious.

Originally Posted by MavsRChamps

It is silly to sell any card worth under $50,000 on there in my opinion.

Because the only people that buy on Goldin and would NOT buy on Ebay are pretty much a select few high rollers. That is an advantage for higher valued cards but for anything lower ... You need more eyeballs on it. 95% of card collectors either regularly use Ebay or at least search on it occasionally for cards, compared to 5% at most that are users of Goldin. If you're selling a run of the mill card, those 5% of people are statistically not going to be the 2,3,4 people that want the card the most.

No question, I’ve been picking up cards under $2k for 20-30% off of eBay prices. Goldin does an awful job with his auctions on mid and lower end. He basically doesn’t care at all and has no problem running 2k items at a time - which completely buries great cards in the middle of the auction. I bet his volume starts declining and his auctions get smaller - because it’s clear that his niche is only ultra high-end.