Quote:
Originally Posted by Lordstan
I have definitely seen this, but it is not limited to autographs. I routinely bid, and get blown away by bids, in various auctions on photos that wind up sitting for months, if not years, on eBay at double the price. This past year especially, has been absolutely terrible for this phenomenon. There was even a thread in the other board about this happening in tickets as well.
It seems the flipper/investors have taken over contol of pricing from the collectors. It's their money and that can spend it how they please. In some ways i am happy for them as they have certainly raised the value of all of our collections. The down side is that it makes it much much more difficult to add new items anywhere remotely reasonably. As someone who prioritizes the joy and passion of the items, not the future upside value, as the reason he collects what he does, i do find it frustrating.
A perfect example is this photo. I bid approx $2100 on it 2yrs ago ish in the auction and came in second. At the time it was not slabbed. It has sat on ebay at this price since then...
[Utl]https://www.ebay.com/itm/Lou-Gehrig-1926-New-York-Yankees-Type-1-Original-Photo-PSA-DNA-Crystal-Clear-/393180812698?_trksid=p2349624.m46890.l49286[/URL]
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I have been outbid on a number of photos by this seller only to see the item show up on ebay for 2 to 3 times what he paid for it. He usually has a "best offer" along with the BIN and I've often been tempted to make an offer at what my losing bid was just to see what kind of response I'd get. Haven't done it yet, but maybe one of these days.