I don't get super-high inflated IG card prices

[gomiamigo]

We see it on eBay but I really don't get if you're selling a card that just sold for $5k and asking $12k [identical grade, non-auto] when the only people that would be interested at $5-6k are gonna be PC guys of this player.

Like, we all know what the market is and if we don't you can just look at the last sale a few weeks back. It's not like anything has changed in the offseason.

I'm even willing to pay a few dollars over last auction to get a deal done but when you ask for 120% premium....who do you think will buy it? You don't even get the 'eBay flex' out of it being listed at the top of your page.

It just ensures I will never make you offers for cards you want to sell. It makes you look like a shyster or an imbecile.

And the # of people who want this card is like....25 of us? 35? But zero at your price. No speculators would ever come near it.

Enjoy your weekend,

[jcardstore]

Why you gotta sneak diss? Just call them out directly

[mindcycle]

Yeah i’ve experienced it on there for sure. I remember for awhile a lot of the high dollar spenders were talking about how they’ll pay up, or overpay, for “grails”. Then you’d see those same cards listed with auction houses a few months later.

It’s all so predictable for us who’ve been around for awhile but they must have fooled a fair number of newbies I guess. IG certainly isn’t BO where you’d get called out pretty quicky. Those who call out stuff there are just being negative..

I still see these guys overpriced grails pop up from time to time trying to be moved directly on IG or the Goldin/PWCC/etc auctions being posted endlessly in story posts.

[Blazed]

Originally Posted by gomiamigo

We see it on eBay but I really don't get if you're selling a card that just sold for $5k and asking $12k [identical grade, non-auto] when the only people that would be interested at $5-6k are gonna be PC guys of this player.

Like, we all know what the market is and if we don't you can just look at the last sale a few weeks back. It's not like anything has changed in the offseason.

I'm even willing to pay a few dollars over last auction to get a deal done but when you ask for 120% premium....who do you think will buy it? You don't even get the 'eBay flex' out of it being listed at the top of your page.

It just ensures I will never make you offers for cards you want to sell. It makes you look like a shyster or an imbecile.

And the # of people who want this card is like....25 of us? 35? But zero at your price. No speculators would ever come near it.

Enjoy your weekend,

Do you know how many cards I've bought off eBay and then flipped for 100% - 3,000%+ the same day I got it in the mail and listed it on eBay? It all depends on the card.

The sold price on eBay just shows you who was able to be on their phone/computer when the auction ended.

Ebay auctions of rare cards are a flippers paradise.

[prospectorgems]

Originally Posted by Blazed

Do you know how many cards I've bought off eBay and then flipped for 100% - 3,000%+ the same day I got it in the mail and listed it on eBay? It all depends on the card.

The sold price on eBay just shows you who was able to be on their phone/computer when the auction ended.

Ebay auctions of rare cards are a flippers paradise.

I was going to say something similar, just because an auction (either BIN/actual auction) doesn't mean that's the market value. Now if there are many of this same card and they all sell around the same price point and someone has the price jacked up, way different. Not everyone is watching ebay at the same time and happen to miss out on cards. I know I have missed out on quite a few that sold well under what they should have.

[threepointplay]

Originally Posted by Blazed

The sold price on eBay just shows you who was able to be on their phone/computer when the auction ended.

Errr...it is not as though cheap online snipe tools have been around for over a decade. Enter max bid into snipe tool at your leisure and then go about your daily business.

[Kobe101]

It is very amusing.

The other day I saw a card priced at $50K OBO. He even mentioned the last comp was $35K. The bold auto on his was apparently worth $15K.

I also enjoy the ones who make a huge show of going to buy a grail card and at the bottom of their long post note how it is available. At a 200% mark up of course. The card being bought and flown around the world some how increases the value.

[gomiamigo]

I wasn't talking about eBay *sales* the card that just auctioned wasn't on eBay.

We all know you can get an occasional deal on eBay and flip it, thanks. The eBay reference was people with a 10k card who list it at $99k so if you sort by price it's at the top of the page. Stupid, but plenty of people do it.

With a personal IG page there's no such concept of 'top of the eBay page.'

[gomiamigo]

Originally Posted by Kobe101

It is very amusing.

The other day I saw a card priced at $50K OBO. He even mentioned the last comp was $35K. The bold auto on his was apparently worth $15K.

I also enjoy the ones who make a huge show of going to buy a grail card and at the bottom of their long post note how it is available. At a 200% mark up of course. The card being bought and flown around the world some how increases the value.

Exactly. You get it.

'Last sale $20k but my price in same grade a week later.....$44k! Come and buy it!!!!'

[gomiamigo]

Originally Posted by jcardstore

Why you gotta sneak diss? Just call them out directly

Dissing the concept more than any one person. It's not like they're the only guy who does this.

It's really stupid and turns off many potential buyers. As I said, I'd happily pay a few bucks over market to do a deal for a card I want.

Just ensures I'll buy the card elsewhere when I get to it. Probably at a lower price given this card market....

In fact, for the price asked I could get the same card 1.5-2 grades higher.

[Blazed]

Originally Posted by gomiamigo

Exactly. You get it.

'Last sale $20k but my price in same grade a week later.....$44k! Come and buy it!!!!'

Like I said, it depends on the card, you keep missing that part. You never stated what card, but clearly high-end, doesn't matter where the last sale price came from. If it's rare or desirable enough someone will gladly pay $5k-$20k over last weeks sold price.

Like I tell people who message me on eBay with "well the last one sold for $x". My reply, "then you should have bought that one."

[AbraCalabro]

Originally Posted by gomiamigo

Exactly. You get it.

'Last sale $20k but my price in same grade a week later.....$44k! Come and buy it!!!!'

same breed as scalpers are when new video game consoles come out, or shortages of toilet paper come around.

[gomiamigo]

Originally Posted by Blazed

If it's rare or desirable enough someone will gladly pay $5k-$20k over last weeks sold price.

Motte and Bailey fallacy/doctrine.

[GOATcards]

"Originally Posted by Blazed View Post
If it's rare or desirable enough someone will gladly pay $5k-$20k over last weeks sold price."

Originally Posted by gomiamigo

Motte and Bailey fallacy/doctrine.

huh?

maybe this is more applicable here

[SoccerRCs]

Originally Posted by Blazed

Like I said, it depends on the card, you keep missing that part. You never stated what card, but clearly high-end, doesn't matter where the last sale price came from. If it's rare or desirable enough someone will gladly pay $5k-$20k over last weeks sold price.

Like I tell people who message me on eBay with "well the last one sold for $x". My reply, "then you should have bought that one."

Completely agree with this. I just bought a Barry Bonds grail card that hasn’t hit the market in over 20 years. I have no plans to list for years, if ever, but I can promise you if I did it would go up for 8-10x the price I paid. I like it too much and will never let it go unless I get a handsome sum. Same goes for basically any other investment worthy cards. No problem listing them at multiples higher than the last purchase. Comps are meaningless on high end investment worthy stuff especially as the market has been waking up to the fact that the investment grade strata is very thin. Which is why I’m not waiting as investment worthy material falls. Because when this is over you will start to see investment worthy material at 2x-3x the previous purchase. Their will be a scramble to get in quality stuff once we trough. Not saying that moment is imminent but that is what will happen when it ends.

[gomiamigo]

Oooh, got offered a nice one at 200-300% premium to recent comps at same grade in this declining market!

I guess all these people who can supposedly sell at $5-25k more than last sold price....really can't.

[AbraCalabro]

Originally Posted by gomiamigo

Oooh, got offered a nice one at 200-300% premium to recent comps at same grade in this declining market!

I guess all these people who can supposedly sell at $5-25k more than last sold price....really can't.

love it lmao

let the whole thing burn

[GOATcards]

Originally Posted by gomiamigo

Oooh, got offered a nice one at 200-300% premium to recent comps at same grade in this declining market!

I guess all these people who can supposedly sell at $5-25k more than last sold price....really can't.

fallacy of begging the antecedent

[Starman101]

Originally Posted by mindcycle

Yeah i’ve experienced it on there for sure. I remember for awhile a lot of the high dollar spenders were talking about how they’ll pay up, or overpay, for “grails”. Then you’d see those same cards listed with auction houses a few months later.

It’s all so predictable for us who’ve been around for awhile but they must have fooled a fair number of newbies I guess. IG certainly isn’t BO where you’d get called out pretty quicky. Those who call out stuff there are just being negative..

I still see these guys overpriced grails pop up from time to time trying to be moved directly on IG or the Goldin/PWCC/etc auctions being posted endlessly in story posts.

Yep

Spot on post right here

The Good Ol' Boys Circle Jerk Auctions Buyers Club

[Kobe101]

Originally Posted by SoccerRCs

Completely agree with this. I just bought a Barry Bonds grail card that hasn’t hit the market in over 20 years. I have no plans to list for years, if ever, but I can promise you if I did it would go up for 8-10x the price I paid. I like it too much and will never let it go unless I get a handsome sum. Same goes for basically any other investment worthy cards. No problem listing them at multiples higher than the last purchase. Comps are meaningless on high end investment worthy stuff especially as the market has been waking up to the fact that the investment grade strata is very thin. Which is why I’m not waiting as investment worthy material falls. Because when this is over you will start to see investment worthy material at 2x-3x the previous purchase. Their will be a scramble to get in quality stuff once we trough. Not saying that moment is imminent but that is what will happen when it ends.

Is your name Andrew?

[nbahobbyaddict]

Originally Posted by Blazed

Like I said, it depends on the card, you keep missing that part. You never stated what card, but clearly high-end, doesn't matter where the last sale price came from. If it's rare or desirable enough someone will gladly pay $5k-$20k over last weeks sold.

Yeah this happens all the time.

[gomiamigo]

I love how people keep comparing cards that haven't been seen in '20 years' to cards that come up every couple of months in the most widely watched auctions going.

It's almost like they're totally different things. Maroons.

[tjforce]

Originally Posted by gomiamigo

I love how people keep comparing cards that haven't been seen in '20 years' to cards that come up every couple of months in the most widely watched auctions going.

It's almost like they're totally different things. Maroons.

I think people are just pointing out nuances. No need to insult them.

Another nuance I experience: As someone who doesn't really sell much on IG, just shows off collection, I get asked from time to time what my price is on some big time PC items. I tell the person that I'm not interested in selling, but a few times they persist that I give them a number (thinking I don't know the value of my card?). I've thrown out an insane number, because again, I don't want to sell the card, and the usual reaction is that they get offended because the price is so far above what would be the fair market. But that's my point. I don't want to get rid of the card.

[rhigh2390]

Originally Posted by tjforce

I think people are just pointing out nuances. No need to insult them.

Another nuance I experience: As someone who doesn't really sell much on IG, just shows off collection, I get asked from time to time what my price is on some big time PC items. I tell the person that I'm not interested in selling, but a few times they persist that I give them a number (thinking I don't know the value of my card?). I've thrown out an insane number, because again, I don't want to sell the card, and the usual reaction is that they get offended because the price is so far above what would be the fair market. But that's my point. I don't want to get rid of the card.

Lol I've had this happen a bit too.

[Spacemanspif]

Originally Posted by tjforce

I think people are just pointing out nuances. No need to insult them.

Another nuance I experience: As someone who doesn't really sell much on IG, just shows off collection, I get asked from time to time what my price is on some big time PC items. I tell the person that I'm not interested in selling, but a few times they persist that I give them a number (thinking I don't know the value of my card?). I've thrown out an insane number, because again, I don't want to sell the card, and the usual reaction is that they get offended because the price is so far above what would be the fair market. But that's my point. I don't want to get rid of the card.

The amount of people that go around looking to cherry pick prices on cards that they like (and yet didn't bid on) is out of control. The endless stream of "how much?" and "lowest?" messages I ignore on Ebay and IG every week needs it's own spam folder. And yeah it's funny watching some of them get salty when I give them a price that's not 10% under the lowest auction. Goes double for the cards I'm not selling, or asking me about a specific card when the entire post was about how long it took me to complete the set