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  #1  
Old 06-10-2013, 03:29 PM
Yankeefan51 Yankeefan51 is offline
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Default Buy It Now Reality Check

Recently I looked at the E Bay Buy It Now for early 20th century cards with a particular focus on high grade E93-E98s Ramly, Cracker Jack and few more unusual type cards. Whilst I was able to identify 14 cards of interest most had a Buy It Now price of between 3 and 4 x the most recent sale from the more distinguished auction houses. What is particularly striking that the five dealers who were offering these cards have listed them for at least 18 months.

Are they hoping for a miracle or a sucker? When I called a dealer to offer
a super rare e94 in PSA 8, he offered me half the price that they were selling a 7 (non HOF) for. Wonder why they waste their time, or better still who their customers are?

No wonder the hobby is so small compared to rare coins and impressionist art.

Bruce Dorskind
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  #2  
Old 06-10-2013, 03:40 PM
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atx840 atx840 is offline
Chris Browne
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"he offered me half the price"

I think that is how business works.....
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  #3  
Old 06-10-2013, 03:40 PM
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auggiedoggy auggiedoggy is offline
Rob Ruddy
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Quote:
Originally Posted by Yankeefan51 View Post
Recently I looked at the E Bay Buy It Now for early 20th century cards with a particular focus on high grade E93-E98s Ramly, Cracker Jack and few more unusual type cards. Whilst I was able to identify 14 cards of interest most had a Buy It Now price of between 3 and 4 x the most recent sale from the more distinguished auction houses. What is particularly striking that the five dealers who were offering these cards have listed them for at least 18 months.

Are they hoping for a miracle or a sucker? When I called a dealer to offer
a super rare e94 in PSA 8, he offered me half the price that they were selling a 7 (non HOF) for. Wonder why they waste their time, or better still who their customers are?

No wonder the hobby is so small compared to rare coins and impressionist art.

Bruce Dorskind
America's Toughest WantList
bdorskind@dorskindgroup.com
Welcome to my world. I do feel your pain! Some of the stuff I collect is only offered by a handful of sellers. They also have high BIN prices. One recently added "Best Offer" to his auctions. One of these sellers puts his stuff on sale (20% off) now and then and that is when I pounce. I gather that the items you are looking for aren't discounted from time to time?

Last edited by auggiedoggy; 06-10-2013 at 03:50 PM.
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Old 06-10-2013, 03:46 PM
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Extremely high BINs and unwillingness to genuinely negotiate are quite common at the more pedestrian levels of the hobby as well. One can only assume that the business model is working for the sellers.
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Old 06-10-2013, 03:53 PM
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I can't imagine finding high grade E98's is much of a challenge these days?!?!
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Old 06-10-2013, 03:57 PM
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When I am buying for resale I try to offer about half of what I think I can get. By the time I negotiate and come back to reality, I end up making 10%-20%, which is fine. If I am buying for my collection, I will pay over market.....
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Old 06-10-2013, 04:22 PM
botn botn is offline
Greg Schwartz
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Quote:
Originally Posted by Yankeefan51 View Post
Recently I looked at the E Bay Buy It Now for early 20th century cards with a particular focus on high grade E93-E98s Ramly, Cracker Jack and few more unusual type cards. Whilst I was able to identify 14 cards of interest most had a Buy It Now price of between 3 and 4 x the most recent sale from the more distinguished auction houses. What is particularly striking that the five dealers who were offering these cards have listed them for at least 18 months.
Obviously they do not need to sell, if your observations are correct. Are you annoyed you cannot afford to pay their inflated asking prices or upset they have the resources by which they have the ability to do this?

Sounds like you missed some great opportunities bidding on those 14 items when offered by the distinguished auction houses. Gotta step up or step aside. Lots of guys out there with real money to toss into our hobby.
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Old 06-10-2013, 05:30 PM
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auggiedoggy auggiedoggy is offline
Rob Ruddy
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Quote:
Originally Posted by ullmandds View Post
I can't imagine finding high grade E98's is much of a challenge these days?!?!
The Black Swamp Find raised the bar quite a bit as far as high-end E98s are concerned. I pity the collector that is trying to actually build a high-end set. There have been two BSF commons (graded PSA 8) on eBay for a year or so now with no takers. The buyer is asking around $2K (to start) per card. If your name is Donald Trump however ...

http://www.ebay.ca/itm/1910-E98-Set-...item20d3e27312

http://www.ebay.ca/itm/PSA-9-MINT-OC...item3f25f1cc41

http://www.ebay.ca/itm/1910-E98-Set-...item27d3b8f942

Last edited by auggiedoggy; 06-10-2013 at 05:36 PM.
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  #9  
Old 06-10-2013, 05:32 PM
bbcard1 bbcard1 is offline
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Heaven knows I'm getting closer to retirement all the time, but one problem is a great number of the dealers are hobbiest who are retired and don't really need the money, then need to keep busy. A fair number are crotchety to boot.
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Old 06-10-2013, 05:32 PM
johnmh71 johnmh71 is offline
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I am never shy about making a fair offer for a buy it now item. It doesn't cost me anything to have them say no. I often have my offer accepted or I receive a counter proposal.
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