Posted By:
Jodi BirkholmTo set the record straight, I mostly agree with your initial thoughts on reserve auctions.
And FYI, the going rate for a Cobb 3X5 is far more than $300. If you see one offered at that price, STAY AWAY! The chances are 99.9% toward its being fake. You don't sound like you have any interest in autographs. I'll put the scenario in card terms, then. If you were selling a PSA 1 T206 Plank on eBay at, say, $20,000 OBO, and somebody made an offer of $1000, wouldn't YOU be offended? You know its actual value is in the $20K range. It's not worth $1000 as opposed to $20K simply because that was the highest offer received in a forum where buyers don't care to pay the going rate.