Quote:
Originally Posted by packs
I have a theory and I believe it is sound but nobody likes it on the main board. There are a few unscrupulous sellers who are known to shill bid their auctions or at least not do anything about their consignors shill bidding their auctions and over the last few years there have been thread after thread about them.
The threads all have a common theme: how is X getting this price for this card?
They're not. Nobody ever pays for the card. That's why the card gets listed over and over and over again by the same seller. It never actually sold.
BUT if you have the same card in the same condition and you SEE a sale price for a card that didn't actually sell, you're more than likely to use that sale as a benchmark for pricing your own card, believing that price to be market value.
As a result, you have cheap cards being measured against a price point they should have never reached. Thereby raising the price of that card.
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I believe this to be true. Every record sale and outlier is creating these new “base” prices. People seem to have short term memory of those same cards not selling at a fraction of current prices.