Many of us buy and sell. What many sellers lose sight of is that you "win" (stupid word) a card at an auction or at a show because you were willing to pay more for it than anyone else who looked it it. I have paid $5000 for a photograph of Babe Ruth because I really wanted it. But that means no one else was willing to pay that. What are the odds I can quickly find someone to pay $7500 for that? Probably quite small. The reason I got it in the first place was I was willing to pay more than the next guy. My sunk costs don't mean much.
People do this with RMY every month. One guy in particular. Buys photos for $700 and then lists them for 4 or 5X. Is he ever going to sell them? Well, maybe if he finds an uninformed consumer he will.
Last edited by Snapolit1; 08-01-2017 at 10:00 AM.
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