[Brent G.]

Originally Posted by Vintagedeputy

I tend to look at things like this:

1) Comps are BS. What someone else sold something for at some other time is irrelevant. THIS card (that I’m looking at, whether buying or selling) is not THAT card and THIS time is not THAT time and I’m not that guy.

2) We can look at price guides and sold sale listings and comps all day long, but that’s not accurate to the situation we’re in at that moment. Collectible values are determined in the moment by a number that a buyer and seller agree upon for that particular item. For example, I’m a reseller. If I buy a whatever for $1 at a yard sale, the seller asked a price and I agreed to that price. If I sell that item a week later for $100, that’s the number that me as the seller and the new buyer agreed upon. So what’s the “actual value”? Well, first it was $1 and then it was $100. That’s pretty simple to understand.

If someone wants to ignore extensive sales data over the past 12, 6, 3 months, or even the past week, and price an item at way above those numbers, that's certainly their right. A used car salesman can ignore Kelley Blue Book and price an '86 Ford Escort at $20,000 if they want. And they can sit on that thing when no one buys it.